The CMA has published an update of its progress on its market investigation into investment consultants and fiduciary managers. Since it started its reference last September, it has, among other things, visited three large investment consultants and held hearings with a range of providers and stakeholders. It has also completed a large quantitative survey of pension trustees which it plans to publish soon.
It will now gradually publish working papers while continuing its analysis, with a view to publishing a provisional decision report in July.