A frequently heard criticism of the pension industry is that change, if it happens at all, takes place at a glacial pace. While this might be fair some- times, it certainly can’t be said of the changes currently taking place in the fiduciary management and investment landscape in the UK.
The FCA Asset Management Market Study, launched in November 2015, and the subsequent referral of the In- vestment Consulting and Fiduciary Management market to the Competitions and Market Authority, thrust the fiduciary management investment approach into the spotlight.
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