Friends Provident is set to launch a default fund for defined contribution pension schemes to diversify investment options and reduce risk.
Head of pensions marketing Jeremy Ward said the new product would be launched within the next eight to 12 months and would offer diversified growth, enhanced returns and decreased risk for scheme members....
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.