Local Government Pension Scheme (LGPS) funds could disinvest from tobacco stocks if they substitute shares with similar returns, according to a legal expert.
The LGPS Shadow Scheme Advisory Board sought opinion from Nigel Griffin QC on the implications of fiduciary duty on funds, following controversy over the scheme's tobacco holdings (PP Online, 21 February...
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.