CMA

Investment consultants have been spared a major shake-up in their operations and business models after an investigation by the competition watchdog proposed just a handful of remedies.

Roger Brown suggests four ways trustees can enhance their probability of selecting the right adviser

The Competition and Markets Authority (CMA) will publish its provisional decision as to whether there are adverse effects on competition in the investment consultants market on the morning of 18 July.

Respondents were split in this week's Pensions Buzz on whether the £1m maximum penalty for failing to notify The Pensions Regulator (TPR) of certain corporate events was appropriate.

The Competition and Markets Authority (CMA) says it will soon publish its provisional decision on whether there are competition problems in investment consultancy and fiduciary management.

The number of pension schemes retendering for investment consulting services has dropped sharply over the last decade, IC Select research reveals.

The investment consultant and fiduciary management market "may not be working well for pension schemes which are not engaged", the Competition and Markets Authority (CMA) has said.

Regulation aimed at improving the governance of occupational pension schemes has left the sector "regulated to the lowest common denominator" with a "prescriptive and micro-managerial approach".

This week's top stories include two men being sentenced to jail after coaxing savers to transfer £1m to a fake scheme.

The Competition and Markets Authority (CMA) has published three working papers as part of its probe into investment consultants and fiduciary managers - saying it has no concerns over concentration in these markets.