Some 38% of pension schemes say high management fees are an obstacle to investing in hedge funds, research from the Asset Management Exchange (AMX) has found.
A similar portion (32%) cited insufficient risk reporting, while just over a quarter blamed "difficulty of comparing fund performance". Meanwhile, one quarter cited inability to govern individual funds...
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.