CMA: Competitive processes not providing trustees with 'necessary information' to judge value for money of ICs and FMs

Jonathan Stapleton
clock • 5 min read

The Competition and Markets Authority (CMA) has released a working paper detailing its analysis around the information available to trustees on the fees and quality of investment consultants and fiduciary managers.

The watchdog's working paper forms a central part of its "demand side" theory of harm - focussing primarily on whether trustees have access to the necessary information to assess and subsequently m...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Law and Regulation

Charles Counsell: Ensuring scheme buffers are sufficient to cover a swift and substantial increase in yields

TPR issues guidance after NCA statement on LDI funds

Statement from key EEA regulators sets clear expectations for resilience of LDI portfolios

Jonathan Stapleton
clock 30 November 2022 • 2 min read
Trustees handed suspended sentences over illegal loans

Trustees handed suspended sentences over illegal loans

Trustees charged with making illegal loans of £236,000 from company’s scheme to employer

Martin Richmond
clock 28 November 2022 • 1 min read
Aon says reforms will lead to more gradual change

Solvency II reforms will not lead to substantial step change in insurer pricing

Reform will support higher bulk annuity volumes without price rises

Jonathan Stapleton
clock 25 November 2022 • 1 min read
Trustpilot