Buck Consultants has raised concern over conflicts of interest at fiduciary managers after research found three in ten mandates (29%) were awarded to existing advisers without a competitive tendering exercise.
The Perceptions of Fiduciary Management report found strong growth in the market with one in four (27%) partially or full delegating investment decisions and a further 42% considering doing so. But...
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.