Competition and Markets Authority

The government has launched a consultation on scrapping the Financial Reporting Council (FRC) following two separate reviews.

The government will proceed with a range of changes to the investment consultant and fiduciary management markets as recommended by a major competition review.

The Competition and Markets Authority (CMA) has taken its first steps towards imposing a suite of remedies for the investment consulting and fiduciary management markets.

KPMG has introduced ratings for fiduciary management products and managers, mirroring its current approach with other investment manager funds.

Some investment consultants and fiduciary managers may be misrepresenting the conclusions of a major market competition review to clients, XPS Pensions says.

The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.

As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.

The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.

Tenders for first-time fiduciary management mandates will be mandatory, must be conducted on a closed basis, and will apply to any mandate for over 20% of a scheme's assets, the Competition and Markets Authority (CMA) has confirmed.

BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".