Fiduciary management tendering could cut fees by 20% - CMA

James Phillips
clock • 2 min read

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 e...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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