BlackRock saw outflows of $121bn (£76bn) in 2010 on the back of its acquisition of Barclays Global Investors, but managed to increase total assets by 6%.
In its fourth quarter results released yesterday, BlackRock said it lost $38.7bn in merger-related outflows in the quarter ended 31 December and $121bn for the year. 1 December marked the one year anniversary...
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.