Pension funds will have to "revaluate riskier assets" due to persisting low bond yields and rising inflation, State Street Global Advisors say.
The fund manager, which has about £34bn of UK pension scheme assets under management, said continued inflation, currently hovering around 5%, and bond yields, currently about 2%, would persist, driving...
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.