CMA's final tender rules appear weaker than expected, says expert

 The CMA review into investment consulting and fiduciary management is a game changer for trustees overseeing the assets of DB Pension Schemes. The orders came out yesterday and the clock is ticking for trustee boards to meet it’s compliance requirements. Check out this article in Ignites Europe to see some thoughts from IC Select's Donny Hay.

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The CMA Review: Necessary but not sufficient

IC select welcomes the Competition and Markets Authority (CMA) final report which demands higher standards of governance and greater transparency in trustees’ engagement with investment consultants and fiduciary managers.

However, whilst the final report meets the objectives of the CMA we believe it could have gone further.

 

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If you are a member of the PMI, click here to check out the full magazine

PMI Article: Implementing the CMA Orders

DB trustee boards are not lazy or stupid, but for too long they have been starved of the necessary information and insights to make effective investment decisions...

Click here to read the full article. 

 

If you are a member of the PMI, click here to check out the full magazine

Asset TV's Fiduciary Management Institutional Masterclass now live!

Asset TV's Fiduciary Management Institutional Masterclass now live featuring IC Select's Roger Brown along side Charlotte Tyrwhitt Drake from Kempen Capital Management and Hannah Simons from Schroders.

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Press Release: Investment consultants agree to discuss IC Select solution in drive for transparency

London,2 October 2018 – the Big Three investment consultants - Aon, Mercer and Willis Towers Watson - have agreed to take part in top-level talks, hosted by governance specialist IC Select, to develop a strategy to show whether they provide value for money to their advisory pension scheme clients.

 

The other consultants who have so far agreed to participate in the first round of talks are Cardano, KPMG, Redington, River and Mercantile, and Momentum. Discussions with further firms are ongoing.

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