FNZ claps back after regulator halts merger
Wealth tech giant describes CMA’s measures as ‘unreasonable and disproportionate’
Wealth tech giant describes CMA’s measures as ‘unreasonable and disproportionate’
Tie-up between FNZ and GBST could lead to millions of platform customers facing higher fees and lower quality services
CMA will decide if the deal will result in ‘lessening of competition’ in UK market
Platforms at risk of being referred to the Competition and Markets Authority
The Competition and Markets Authority (CMA) has proposed a radical overhaul of the UK’s £1.6trn investment consultancy and fiduciary management industry after identifying conflicts of interest, a lack of competition and opaque fees.
After the Financial Conduct Authority’s bombshell that it is referring the investment consulting industry to the Competition and Markets Authority (CMA), should the ratings agencies be concerned that they’re next in the firing line?
Three of the largest investment consultancies have pledged to cooperate fully with a government investigation into the industry amid competition concerns.