Group of 10,000 stakeholders applies for judicial review of compensation deal approved by regulator
Move is latest sign of government’s push to loosen City of London regulation
Proposals expected to lead to rapid consolidation of workplace retirement schemes and reallocation of assets
Expected €6bn-€8bn IPO is set to be the largest listing in City since 2022
If the UK chancellor believes in the benefits of scale, it is not obvious why 8 is the magic number