Pensions

‘A solid 9/10’: Pensions industry gives CMA a thumbs-up

Financial News rounds up reaction from across the UK pensions industry to the landmark report on investment consultants

‘A solid 9/10’: Pensions industry gives CMA a thumbs-up

The UK's competition watchdog proposed a series of reforms to the investment consulting market on Wednesday, aiming to foster greater transparency and choice for pension funds.

The Competition and Markets Authority said consultants — which advise on £1.6tn of pension assets — should face compulsory public tenders for one of their key services, fiduciary management.

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