Universities Superannuation Scheme (USS) will acquire a minority stake in Thames Water for an undisclosed sum as it expands its infrastructure assets.
The £57bn lecturers' pension fund has bought out investors QSuper, Alberta Investment Management Corporation, and OPTrust, to become the third largest shareholder. The 10.9% stake will build on USS'...
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.