Muse's Response to the CMA Review Draft Order
We welcome the CMA's proposed remedies and the implementation approaches suggested in the Draft Order.
However, good governance requires that any tendering is undertaken with pension schemes' specific characteristics and circumstances in mind. This would include tendering/ review of IC appointments on which the Draft Order is silent.
We urge the CMA and TPR to ensure that the guidance created for trustees helps to ensure that compliance cannot become a 'box-ticking' exercise.
A link to our response to The CMA Investment Consultants Market Investigation Draft Order can be found below.
Click to view our response