All CMA articles
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NewsHM Treasury urged to regulate investment consultants
ShareAction letter is backed by AMNT, FCA, Pensions for Purpose, Make My Money Matter, Carbon Tracker, Green Alliance and Seefair
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NewsUK competition authority says fossil boycotts don’t contravene rules
The guidance outlines the kind of green agreements that are acceptable under current competition law
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Fiduciary managers face challenges as growth slows and AUM falls
Total fiduciary management AUM decreased 5% to £218bn in 2022, largely as result of a rise in yields driving declines in Gilts and LDI portfolios
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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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NewsSize 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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NewsIsio research shows fiduciary managers’ performance variation
Plus: Aon wins fiduciary management mandate
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NewsSchemes risk cutting corners to meet CMA deadline, says Hymans
A rushed process would risk ‘missing out on the best fees’
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NewsDB 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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UK roundup: £1trn of DB pension risk to be insured by 2031, says Hymans
Plus: Graphic Packaging International switches fiduciary manager; BlackRock LTPC to acquire pensions software provider
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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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Fiduciary managers and consultants set for UK rule change
Providers hiring staff, recalibrating services to prepare for mandatory tendering rules that come into force on 10 December
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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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NewsUK 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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Local authority pension funds back UK audit market reform proposals
But long-standing critics rue missed opportunities
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CFA Institute to oversee fiduciary manager performance standard [updated]
Institute is in discussions with US and Dutch providers about extending coverage outside the UK
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Country ReportPlenty of questions for CMA at pension industry event
Watchdog to consult next month on draft ‘remedies’ for competition problems in consultancy, fiduciary management sectors
