THE £355M Northern Rock Pension scheme has transferred its equity investments into bonds in a bid to reduce investment risk.
In a letter to members, the trustees said that – because of the uncertainty surrounding its sponsoring employer – the scheme had moved the half of scheme investments invested in equities into government...
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.