What do the new CMA requirements mean for my scheme?
A guide for setting objectives for investment consultants
15 Aug 2019
At the end of 2018, the Competition and Markets Authority (“CMA”) published its report following a review of the investment consulting and fiduciary management markets. Earlier this year, following on from this review, the CMA issued an Order, setting out requirements for the appointment and governance of fiduciary managers, and for Pension Scheme Trustees to set objectives for their investment consultants.
Our guide focuses on the requirements for Pension Scheme Trustees to set objectives for their investment consultants. We'll take a look at:
- What the requirements are
- The importance of objectives
- Establishing objectives for consultants
- Measuring success in practice
- Reporting compliance
- Next steps
If you have any questions or would like to know more, please don't hesitate to get in touch.