Pension schemes should not switch from equities into bonds in an attempt to reduce risk, former Downing Street pensions advisor Ros Altmann says.
She said it was a misconception that bonds offered pension schemes less risk compared to equities – and warned switching due to market instability would be a "bad investment decision". Altmann said as...
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.