Consultation outcome

Trustee oversight of investment consultants and fiduciary managers

From:
Department for Work and Pensions
Published
29 July 2019
Last updated
6 June 2022 鈥� See all updates
This was published under the 2019 to 2022 Johnson Conservative government
This consultation has concluded

Read the full outcome

Government response: Delivering the Competition and Markets Authority recommendation for trustee oversight of investment consultants and fiduciary managers

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Impact assessment (final): 皇冠体育app Occupational Pension Schemes (Governance and Registration) (Amendment) Regulations 2022

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PDF, 565 KB, 23 pages

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Detail of outcome

This is the government鈥檚 response to the 2019 鈥楥onsultation on delivering the Competition and Markets Authority (CMA) recommendation for trustee oversight of investment consultants and fiduciary managers鈥�.

This document provides a high-level summary of the consultation responses received and the government鈥檚 response.

Read the .

Original consultation

Summary

This consultation seeks views on the draft Occupational Pension Schemes (Governance and Registration) (Amendment) Regulations 2019.

This consultation ran from
to

Consultation description

皇冠体育app draft Occupational Pension Schemes (Governance and Registration) (Amendment) Regulations 2019 amend current legislation to integrate an order produced by the Competition and Markets Authority (CMA) into pensions law.

皇冠体育app regulations:

  • will require trustees of occupational pension schemes, subject to certain limited exceptions, to carry out a tender process for fiduciary management services and set objectives for their investment consultants
  • will allow 皇冠体育app Pensions Regulator to oversee the requirements

皇冠体育app consultation is aimed at:

  • pension scheme trustees
  • pension scheme service providers, other industry bodies and professionals
  • civil society organisations
  • pension scheme members and beneficiaries
  • any other interested stakeholders

This consultation follows the government response to the investment consultants market investigation.

Read 皇冠体育app Pensions Regulator鈥檚 .

Documents

Consultation on delivering the Competition and Markets Authority (CMA) recommendation for trustee oversight of investment consultants and fiduciary managers

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PDF, 368 KB, 16 pages

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PDF, 300 KB, 18 pages

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Updates to this page

Published 29 July 2019
Last updated 6 June 2022 show all updates

  1. Published the government's response to the consultation.

  2. 皇冠体育app consultation response is delayed and is now expected in the first half of 2022.

  3. Added information stating the consultation response is delayed and is now expected in the first half of 2021.

  4. First published.

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