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UK pension-fund fiduciary management definitions to be tweaked in UK CMA sector probe

By Victoria Ibitoye ( October 30, 2018, 12:15 GMT | Insight) -- UK investment consultants acting as de facto fiduciary managers could be captured within the scope of a sector probe as the Competition and Markets Authority prepares to tweak its definition of fiduciary management, MLex has learned. At the same time, asset managers that have only limited business in fiduciary management services could be excluded from the probe's scope, under amendments set to be announced by the CMA imminently.UK investment consultants acting as de facto fiduciary managers could be captured within the scope of a sector probe as the Competition and Markets Authority prepares to tweak its definition of fiduciary management, MLex has learned....

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