UPDATED: CMA issues final report; Schemes must invite three firms in fiduciary management tender

James Phillips
clock • 4 min read

Tenders for first-time fiduciary management mandates will be mandatory, must be conducted on a closed basis, and will apply to any mandate for over 20% of a scheme's assets, the Competition and Markets Authority (CMA) has confirmed.

Publishing its final report in its investment consultants market investigation today (12 December), the watchdog said it would also proceed with many of the remedies suggested in its provisional de...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

LGPS scheme reforms to tackle gender pension gap and survivor benefits

LGPS scheme reforms to tackle gender pension gap and survivor benefits

Reforms follow consultation on access and fairness in the local government scheme

Jonathan Stapleton
clock 03 February 2026 • 2 min read
How trustees should prepare for pensions to enter IHT net from 2027

How trustees should prepare for pensions to enter IHT net from 2027

Palwinder Hare says trustees should begin preparations now in readiness for the changes

Palwinder Hare
clock 30 January 2026 • 2 min read
Government rejects Waspi compensation again after review

Government rejects Waspi compensation again after review

DWP says creation of compensation scheme would be ‘highly impractical’ and ‘time-consuming’

Martin Richmond
clock 29 January 2026 • 3 min read
Trustpilot