The proposed European Union directive to regulate alternative asset managers could cost investors some €5bn (£4.6bn), a report commissioned by the Financial Services Authorities reveals.
The report - conducted by US-based Charles River Associates - found the directive could lead pension funds to lose out on 25 basis points in returns if certain managers are prohibited from operating in...
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.