Merseyside Pension Fund has reduced its foreign exchange (FX) costs by up to 50% after using independent reference rates to identify hidden fees.
After a review revealed its arrangements were not cost effective, the fund decided to use a data service run by New Change FX, which last year revealed schemes were being overcharged by £4bn a year for...
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.