The UK watchdog has discovered problems with how some asset managers market their funds after finding several actively managed products that in reality closely track benchmarks.
In a thematic review of 23 funds titled 'Meeting investors' expectations', the Financial Conduct Authority (FCA) found that although most UK funds were operated in line with investors' expectations, three...
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.