Pension fund growth fell below 2% in 2011 for the world's largest 300 pension funds, down from 11% a year earlier, research by Towers Watson says.
Last year's growth was the lowest level since 2003, excluding the -13% in 2008. The value of funds still reached a highest ever value of US$12.7 trillion, the research claimed. Defined benefit schemes...
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.