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CMA should find no cause to shake-up investment consultants

Not all the CMA’s work has led to good headlines for consultants, but in the round it shows an industry working well for pensions

CMA should find no cause to shake-up investment consultants
Photo: Neil Webb/Ikon Images/Getty Images

Since the investment consultancy and fiduciary management markets were referred to the Competition and Markets Authority in September 2017, our industry has received more scrutiny than at any point in my 30-year career.

While I would rather have spent this time fully focused on Mercer’s business and our clients, as I take stock ahead of the CMA’s Provisional Decision (expected some time this month) it strikes me that the competition authority’s work so far has given us many interesting insights into the state of play in our industry.

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