Some 42% of defined contribution (DC) trustees believe that their investment strategies are 'less sophisticated' than those used by defined benefit (DB) schemes, according to a Hymans Robertson survey.
According to the consultancy, this is because DB schemes more commonly invest in unlisted assets such as property, infrastructure, and private equity. Due to the illiquid nature of these investments, it...
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.