PLSA response to CMA Issues Statement
In the wake of the FCA’s Asset Management market study, the Competition and Markets Authority is undertaking an investigation into the market for investment consultancy and fiduciary management services.
On 21st September 2017, the CMA published its Issues Statement where it outlined some proposed hypotheses for investigation as well as some potential remedies, should any adverse effects on competition (AECs) be found.
The PLSA conducted a survey of trustee members and held in-depth conversations with member firms including consultants, employers and pension scheme officials. This work fed into our response to the issues statement.
The statutory deadline for the investigation to finish is 13 March 2019. The PLSA will continue to work with its members to inform the investigation. If you would like more information or to get involved with our work, please contact [email protected].