UPDATED: CMA issues final report; Schemes must invite three firms in fiduciary management tender

James Phillips
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UPDATED: CMA issues final report; Schemes must invite three firms in fiduciary management tender

Tenders for first-time fiduciary management mandates will be mandatory, must be conducted on a closed basis, and will apply to any mandate for over 20% of a scheme's assets, the Competition and Markets Authority (CMA) has confirmed.

Publishing its final report in its investment consultants market investigation today (12 December), the watchdog said it would also proceed with many of the remedies suggested in its provisional de...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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