Decisions and notices Notices and decisionsPublished: 22/05/2019Last modified: 22/05/2019
On 21 February 2019, the FCA decided that 3 asset management firms, Hargreave Hale Ltd, Newton Investment Management Limited and River and Mercantile Asset Management LLP (RAMAM), breached competition law. They shared strategic information during a placing and an initial public offering in 2015. We fined Hargreave Hale £306,300 and RAMAM...
On 21 February 2019, Christopher Woolard wrote to John Wotton from the Competition and Markets Authority to explain how we will respond to the recommendations in the CMA's report on investment consultancy and fiduciary management services. This follows the market investigation reference we made in 2017 as part of our Asset Management Market Study.
This consultation sets out our second proposed package of remedies from the Retirement Outcomes Review (ROR). We are consulting on investment pathways and other proposed changes to our rules and guidance.
We have published the Investment Platforms Market Study Final Report and accompanying Consultation Paper 19/12. The reports set out our final findings and a package of measures to help consumers who invest through investment platforms more easily find and switch to the right one for them.