Unintended Consequences

Why the Competition and Markets Authority’s compulsory tendering requirements for Fiduciary Management may hinder smaller schemes?

With the Competition and Markets Authority’s (CMA’s) compulsory tendering requirements for Fiduciary Management coming into effect in late 2019, is there a chance that the recommendations hinder smaller schemes?

We have collaborated with Professional Pensions on a new piece of research covering how smaller pensions schemes are affected by the CMA’s fiduciary management reforms.

Risk Disclaimer 

Views and opinions have been arrived at by BMO Global Asset Management and should not be considered to be a recommendation or solicitation to buy or sell any products that may be mentioned.

There are a lot of schemes allowing their consultancy relationships to migrate into fiduciary ones without exercising adequate scrutiny.”

Everything you need to know about how the CMA review will impact small schemes.

Download the full report - pension schemes

DOWNLOAD THE FULL REPORT
Infographic: The Five Weak Points of Small Schemes

The CMA’s 2018 investigation into fiduciary management reveled a number of anti-competitive behaviours by providers. Our research found that small schemes (those with less than £100m in assets) are more exposed to this problem that their large counterparts.

Watch our video for more insights

The unintended consequences of the CMA’s review of fiduciary management tenders

As schemes grapple with the new regulations – in some cases without external advice – Professional Pensions asked Trustees for their views on the remedies, comparing the behaviour of small schemes with their larger peers.

Video The unintended consequences of the CMAs review of fiduciary management tenders