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Cma’s Final Report Finds Schemes Must Run Competitive Tender

by pensionsage.com posted 1month ago 19 views
Pension schemes must run a competitive tender before choosing a fiduciary manager for more than 20 per cent of its assets, and if already delegated they must do so in the first five years, the Competition and Market Authority (CMA) has confirmed. Publishing its final report on its Investment Consultants Market Investigation today, 12 December, the CMA also said that investment consultancy firms will have to separate their fiduciary management marketing and advice to "remind pension scheme trustees of their duty to tender”

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