PLSA responds to FCA’s interim report on asset management market

The Pensions and Lifetime Savings Association has responded to the FCA’s interim report on the asset management market.

Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association, said:

“The Pensions and Lifetime Savings Association welcomes the FCA’s report highlighting concerns around cost levels, transparency and alignment of interests within the asset management market. These issues are of longstanding concern to our members.

“The report’s findings on institutional investors mirror those of our Defined Benefit Taskforce. We look forward to working with the FCA and government to find solutions which address the fragmented nature of the demand side, including exploring the potential benefits of greater pooling of pension scheme assets.”

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NOTES TO EDITORS:

PENSIONS AND LIFETIME SAVINGS ASSOCIATION

We’re the Pensions and Lifetime Savings Association, the national association with a ninety-year history of helping pension professionals run better pension schemes. With the support of over 1,300 pension schemes and over 400 supporting businesses, we are the voice for pensions and lifetime savings in Westminster, Whitehall and Brussels.

Our purpose is simple: to help everyone to achieve a better income in retirement. We work to get more money into retirement savings, to get more value out of those savings and to build the confidence and understanding of savers.

CONTACTS:

Lucy Grubb, Head of Media and PR, Pensions and Lifetime Savings Association

T: 020 7601 1726, M: 07713 073 023, E: [email protected]

Babak Mayamey, PR Manager, Pensions and Lifetime Savings Association

T: 020 7601 1718, M: 07825 171 446, E: [email protected]

Kathryn Mortimer, Press Officer, Pensions and Lifetime Savings Association

T: 020 7601 1748, M: 07901 007 713, E: [email protected]