Investment consultants fail to add value in product recommendations, says CMA

James Phillips
clock • 3 min read

Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.

Actively-managed products assessed as ‘buy-rated' by investment consultants outperformed neither their respective benchmarks nor ‘unrated' products "to a statistically significant extent on average...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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