FCA publishes final report into asset management; clampdown on investment consultants and managers announced
The Financial Conduct Authority (FCA) is seeking further industry views on whether to refer the investment consulting market to the Competition and Markets Authority (CMA), with a final decision expected in September.
The potential probe - which would look at the market share of the ‘big three' Aon Hewitt, Mercer and Willis Towers Watson - would be spurred by ‘relatively high and stable market shares for the three largest...
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