PLSA's Caroline Escott provides an update on developments from the CMA investigation, looks ahead to what we can expect over the next couple of months and explains how PLSA members can get involved.
Overview of the work so far
In September 2017, The CMA launched its investigation into the market for investment consultancy and fiduciary management services. The investigation will determine whether there are any adverse effects on competition (AEC) in this sector. If any are found, the CMA will decide whether – and if so, what – remedial action should be taken to address these.
The CMA published its Provisional Decision report (PDR) in July 2018. PLSA produced a briefing to help PLSA members understand the issues and remedies.
The CMA will conclude the investigation by March 2019.