Pension Trustees Must Seek Best Deal Under New CMA Rules

Law360, London (June 10, 2019, 1:16 PM BST) -- Pension trustees must now shop around and run tenders when choosing consultants to manage the £1.6 trillion ($2 trillion) of retirement assets they hold, Britain’s antitrust watchdog said Monday, in the final stage of a shake-up of competition in the retirement advice sector.

Rules drawn up by the Competition and Markets Authority for pension trustees — who oversee company pension schemes — requiring them to ensure they are getting the best deal for their customers have come into force. The watchdog will require trustees to hold competitive tenders with at least three investment consultants or fiduciary managers if they want to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!