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UK's pension investment advisers to face full competition probe

Reuters  |  LONDON 

By Huw Jones and Carolyn CohnLONDON (Reuters) - Britain's competition regulator has launched an investigation into investment consultants following concerns about conflicts of interest in an industry advising on the management of over 1.6 trillion pounds ($2 trillion) of pension and other funds.The Financial Conduct Authority said on Thursday it has referred its concerns to the Competition and Markets Authority for a full investigation, the first time it has referred a case to the CMA as part of a broader effort to improve value for money and transparency in the asset management ...

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First Published: Thu, September 14 2017. 16:22 IST