Schemes reduced their outright nominal and real rate hedging in the fourth quarter of 2013, according to F&C Investments.
Its liability driven investment (LDI) survey found interest rate hedging transactions totalled £20.6bn of liabilities and inflation hedging transactions were £20.5bn of liabilities in Q4 2013. A decline...
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.