CMA investment consultants market investigation – Provisional decision report - PLSA response

The PLSA has responded to the Provisional Decision Report (PDR) of the Competition and Market Authority’s (CMA’s) investigation into the market for investment consultancy and fiduciary management services.

The key points of our response are:

• We believe that many of the CMA’s findings and proposed remedies are sensible and, cumulatively, should have a positive impact on the sector.
• We think should be done to improve scheme governance and thereby trustee engagement on the full range of investment issues.