Fiduciary management tendering could cut fees by 20% - CMA
Tendering for fiduciary management has led to fees being reduced by between 19% and 22%, latest analysis by the Competition and Markets Authority (CMA) finds.
Based on a sample of 258 schemes, those which undertook tenders for a fiduciary manager, and then chose their existing investment consultant saw fees 19% lower than those who did not run a tender exercise....
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