Fiduciary mandates surge to £170bn despite CMA probe
The total number of mandates in the market rose 10% in the 12 months to June 2019 despite ongoing challenges stemming from the Competition and Markets Authority investigation into fiduciary management markets, KPMG finds.
Data collated in KPMG's 2019 UK Fiduciary Management Survey shows there were 84 new mandates in the period, which has pushed assets under fiduciary management (AUM) to £172bn this year - representing a...
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