The £10.6bn Shell Contributory Pension Fund is set to invest 5% of its portfolio in hedge funds and other alternatives for the first time, a trustee newsletter reveals.
The trustee of the oil company's UK scheme said following the 2009 investment strategy review it was considering an allocation to "for example, well-chosen hedge funds" which could can provide "diversification...
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.