The Treasury Committee has written to the Financial Conduct Authority (FCA) to ask for publication of analysis on the impact leaving the European Union is likely to have on the regulator.
A letter from the committee's chairwoman Nicky Morgan to FCA chief Andrew Bailey said leaving the EU would impact the regulator's statutory objectives. "In the months ahead, parliament will be called...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests