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Aon criticizes fiduciary management definition in CMA market probe

( November 23, 2018, 12:15 GMT | Official Statement) -- MLex Summary: The definition of fiduciary management proposed by the Competition and Markets Authority in its ongoing investment consultants market probe is “very likely” to have a disproportionate effect on companies offering both investment consultancy and fiduciary management services, Aon has said. In a response to a CMA consultation paper released today, Aon warned the definition could create an uneven playing field and the potential for rule avoidance. Two other large investment consultants, Willis Towers Watson and Mercer, have also submitted responses....

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