The extra returns for holding shares over risk-free assets will fall by nearly one third from present levels, making a reliance on equities by pension funds "a pretty dangerous strategy", London Business School research warns.
LBS academics estimate the equity risk premium will contract from 4.5%, to about 3.1% in future. Each figure represents the extra reward for holding shares rather than Treasury bills, in return for the...
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.