FCA

Chair of FCA cost disclosure working group

One-quarter 'unsuitable'

This week's top stories include The Pensions Regulator barring three trusteeships, and the Competition and Markets Authority's investigation of investment consultants and fiduciary managers.

The Competition and Markets Authority has (CMA) set out the coverage of its "thorough and independent" investigation of investment consultants and fiduciary managers, and what action it could decide to take.

From 3 January next year, firms looking after DC members' money will need to comply with new disclosure requirements. James Phillips reports.

B&CE has published a full breakdown of transaction costs for The People's Pension - revealing both the explicit and implicit costs for its default fund - and has also called for the introduction of a soft cap on such costs.

Over three-quarters of investment managers are male, while over four in ten are white British, according to research by the Diversity Project.

This week's top stories included the revelation that the Communication Workers Union was planning to cut its pension provision, despite launching a ballot for industrial action against Royal Mail for similar plans.

LCP's Philip Boyle explains why he believes the CMA review will help set the investment consultancy market free.

The combination of lack of trust, poor transparency, and inadequate retirement funds will cause "civil unrest" in the next few decades, Andy Agathangelou warns.