The Competition and Markets Authority has approved Paramount Skydance's proposed $110bn acquisition of Warner Bros. Discovery, concluding that the deal is unlikely to substantially reduce competition in the UK and will not be referred for an in-depth Phase 2 investigation.

The CMA's review was based on evidence from the companies, internal documents, customers and competitors, as well as responses to its public consultation

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.