Pension funds must move beyond traditional metrics used to select asset managers and allocation strategies to incorporate implicit costs when transitioning managers, BNY Mellon Asset Management says.
Using the usual checklist to measure the financial success of moving managers known as the “implementation shortfall” should include hidden costs such as the market impact of trades and price movement...
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.