Mercer responds to Competition and Market Authority’s Final Report

Mercer responds to Competition and Market Authority’s Final Report

Mercer responds to Competition and Market Authority’s Final Report

  • 12 December 2018
  • United Kingdom, London

The CMA publishes final report on its investigation into the investment consultancy and fiduciary management markets in the UK.

Fiona Dunsire, UK CEO, Mercer, said in response to the CMA’s Final Report:

“The CMA Market Investigation has been an exhaustive and comprehensive undertaking that has been helpful in dismissing myths and misconceptions about the industry.

The CMA analysis has shown that these markets are not highly concentrated, that conflicts are well managed, that barriers to entry are not significant and that the vast majority of clients are satisfied with the service they receive. The CMA has recognised the important role that fiduciary management services can play in the evolving UK pensions landscape and the analysis shows that integrated providers can, and do, deliver demonstrable value to trustees.

Mercer has engaged constructively throughout the process, putting its clients’ interests first. In our experience trustees are capable, diligent and committed individuals who regularly test providers.

Where the CMA has identified improvements that can be made by providers, some industry-led initiatives are already in train and we will continue to work constructively so that all measures are implemented in a way that brings enhanced value to trustees.”

About Mercer

Mercer delivers advice and technology-driven solutions that help organisations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With nearly 65,000 colleagues and annual revenue over $14 billion, through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit Follow Mercer on Twitter @Mercer. In the UK, Mercer Limited is authorised and regulated by the Financial Conduct Authority.