Pension funds' share holdings in the UK stock market has fallen to a record low of 4.7% in 2012, data from the Office for National Statistics (ONS) shows.
The ONS said the proportion held by schemes rose from 10% in 1963 to a high of 32.4% by 1992. However, the market has seen a steady decline since. The level in 2010 was 5.6%. The largest falls were...
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.