Hermes Fund Managers has launched a global credit asset management boutique with an initial £400m investment from the BT Pension Scheme.
The boutique - a partnership with John Lupton and Cian O'Carroll - hopes to attract third party clients as well at working for BTPS. O'Carroll and Lupton were most recently at Fortis Investments, where...
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.