Failed negotiations on the terms of the UK's departure from the European Union (EU) could see globally diversified equity portfolios lose as much as 11%.
Meanwhile, a globally diversified multi-asset portfolio (60% allocation to equity and 40% to fixed income) could see as much as 7.8% lost within a year of Brexit concluding, according to analysis by MSCI....
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.