FCA Refers Investment Consulting Concentration Issue to Competition and Markets Authority

Posted on 09/25/2017


In September, the U.K. Financial Conduct Authority (FCA) formally reached out to the Competition and Markets Authority (a U.K. anti-trust body), through the market investigation reference mechanism, regarding concerns of over concentration in the investment consulting industry. The FCA is growing alarmed for a number of reasons including, pension trustees relying heavily on investment consultants […]