Mercer slams 'data errors' in CMA probe's 'unreliable' analysis

James Phillips
clock
Mercer slams 'data errors' in CMA probe's 'unreliable' analysis

Errors in the Competition and Markets Authority's (CMA) data analysis make its provisional decision on the investment consultants market investigation "flawed", and lacks an "adequate evidential basis" to impose remedies, Mercer has said.

The competition watchdog's analysis of the sector, as well as fiduciary management firms, relies on "unrepresentative samples" and is "not reliable" in calculating whether there is customer detrime...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

Claire Rankin: The new NMPA of 57 will apply to most registered pension scheme members

Legal Review: Clock is ticking on NMPA of 57

Claire Rankin says there are six points that trustees should consider now

Claire Rankin
clock 05 October 2022 • 4 min read
Stephen Timms. Source: https://members.parliament.uk (CC BY 3.0)

WPC calls on government to start building consensus on future AE rate rise

Committee of MPs also calls for establishment of new office to report on pensions adequacy

Jonathan Stapleton
clock 30 September 2022 • 5 min read
TPR's Mel Charles: Administrative mistakes can put staff at risk of missing out on their pensions and employers at risk of unintended non-compliance

Regulator issues warning after AE inspection errors

Common errors prompts regulator to remind employers of their duties under AE

Jonathan Stapleton
clock 26 September 2022 • 2 min read
Trustpilot