Ian Cormican discusses what schemes need to do after CMA review in Professional Pensions
Ian Cormican, Partner, comments on the Competition and Markets Authority (CMA) issuing a legally binding order in a bid to help pension trustees make better decisions, marking the final step of its reform of the investment consultancy and fiduciary management sectors.
Trustees, fiduciary managers and investment consultants have until 10 December to ensure their practices are in line with the order’s requirements. If they do not comply with the order, the CMA could take them to court.
Read the full article in Professional Pensions.