UK: CMA states focus of investment consultants probe

A week ago, the investment consultancies market was referred to the Competition and Markets Authority (CMA) by the nation’s Financial Conduct Authority.

On Thursday, September 21, the CMA published its “statement of issues” for the investigation and stated that the probe would focus on: the existence of barriers to entry in the industry, if and how conflicts of interest affect service quality and if the difficulty in changing or comparing consultants reduced motives to compete with rivals.

The CMA has appointed John Wotton to lead the investigation and an initial deadline of March 13, 2019 was also set.

Full Content: Financial Times

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