Balanced pooled funds achieved a median return of -2.3pc in July 2008, latest CAPS figures from BNY Mellon Asset Servicing reveal.
The securities servicing firm said that over one, three and five years to July 31, balanced pooled funds returned -7.8pc, 5.0pc per annum and 8.7pc per annum respectively. It said over the 10 years to...
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.