Fewer than one in five retired people feel it is their responsibility to leave money to their children, according to a study from Friends Provident.
Rather than leaving an inheritance, retired people expect to help their children with housing and education costs, with 26% of grandparents expecting to contribute to university fees for grandchildren....
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.