PENSION funds looking to invest in hedge funds should hold off until there is greater stability and current redemptions play their way through the system, Watson Wyatt says.
The consultant warned many hedge funds would be forced to close in the near future and said there would be unprecedented changes to the regulatory landscape. But it noted the "best managers" in the industry...
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.