All competition and markets authority articles
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NewsRetendering drives drop in UK fiduciary management fees
Isio says at least 86% of schemes stayed with their incumbent but survey highlights ‘visible’ reduction in fees
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News
Size of UK schemes converting to fiduciary management surges in H1
IC Select makes findings of its annual fiduciary management surveys public for the first time
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Isio research shows fiduciary managers’ performance variation
Plus: Aon wins fiduciary management mandate
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Schemes risk cutting corners to meet CMA deadline, says Hymans
A rushed process would risk ‘missing out on the best fees’
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DB schemes race to meet fiduciary management retender deadline
There is now ‘little time’ and ‘fiduciary managers will struggle to respond to all tender requests’ by the June deadline
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IASB to seek views on future workplan; FRC sets out budget, priorities
The FRC said its projected spend for the coming year amounts to £52.2m (€60.7m). DB schemes are expected to contribute £1.2m under the pension scheme levy
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IAS 1 faces UK endorsement challenge, LAPFF warns FRC
Once the UK leaves EU institutions at the end of this year, accounting standards will be handled by a new UK endorsement body
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BlackRock hires in readiness for boom in fiduciary activity
Alex Pollak to join the asset manager’s UK fiduciary business as head of clients ahead of an expected increase in tenders
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Danish watchdog finds scant competition in DKK2.9trn pensions market
Long-awaited report makes 22 recommendations to bolster competition in pensions market
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Fiduciary market growing, ESG action minimal, says survey
Assets under management up 21%, number of mandates 10%
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LGPS funds to be exempt from fiduciary management rules
DWP consults on new rules for fiduciary managers and investment consultants following CMA investigation
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Energy firm awards Aon £400m fiduciary mandate as new rules bed in [updated]
Schneider Electric awarded fiduciary management contract after competitive tender in accordance with new laws in force since early June
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UK public sector schemes caught in consultant rule change
LGPS funds will be subject to new rules regarding the monitoring of investment consultants and fiduciary managers from December, having previously been exempt
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Mandatory tendering for fiduciary contracts becomes UK law
Pension scheme trustees must conduct a competitive tender for any new fiduciary contract covering 20% or more of assets
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Country Report
Consultants satisfied with competition inquiry outcome
Most institutional advisers accept CMA’s recommendations after months of robust debate with regulators
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Country Report
Pension funds must tender fiduciary mandates, regulator says
UK pension funds must conduct competitive tender for any fiduciary mandate covering more than 20% of assets
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Country Report
Competition inquiry has hindered fiduciary managers, report finds
KPMG sees slowdown in fidiciary expansion but ‘may represent a blip rather than lower growth in the long term’
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Country Report
Fiduciary managers: CMA sticks to its guns after data criticism
Competition regulator still finds adverse effects on competition after revisiting data on fiduciary costs
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News
UK announces further review of audit market competitiveness
Competition and Markets Authority to fast-track probe into continued dominance of ‘Big Four’ auditors
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Country Report
Mercer hits out at competition regulator’s data use
Data analysis errors ‘cast doubt on the credibility’ of CMA’s call for regulatory intervention in fiduciary management
