CMA publishes working paper in investment consultants market investigation

On 14 September 2017, we blogged that the FCA decided to make a market investigation reference to the Competition and Markets Authority (CMA) in relation to investment consultancy and fiduciary management services. The CMA has now published a working paper on information on fees and quality as part of its investment consultants market investigation. The working paper presents the CMA’s analysis and emerging findings to date in respect of the information available to pension trustees on the fees and quality of investment consultants and fiduciary managers. The working paper notes that no provisional or final decisions have been made at this stage on any potential adverse effects on competition or on potential remedies as the CMA’s enquiry is ongoing. The CMA states that evidence reviewed so far indicates that competitive processes are not providing customers with the necessary information to judge the value for money of investment consultants and fiduciary managers.…

Read more detail on Recent Banking and Finance Law posts –

This entry was posted in Banking and Finance law and tagged , , , , , , . Bookmark the permalink.

Leave a Reply