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