Markets are not working for pension funds and the savers they support - that is the conclusion of Professor John Kay's review into the structure of UK equity markets.
The report argues that short-termism in the markets has seen financial intermediaries like asset managers prosper over the last decade, while end-users like savers and pension schemes have lost out. ...
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.