Growth in the use of liability-driven investment (LDI) strategies accelerated in 2013, according to the Investment Management Association (IMA).
The IMA's annual asset management report, published today, shows that in-house and third-party LDI mandates grew 19% to £360bn last year. These figures include both pension fund and insurance clients....
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.