B&CE comments on the Financial Conduct Authority Asset Management Market Study

B&CE, provider of The People’s Pension has responded to the Financial Conduct Authority’s latest Market Study Interim report on Asset Management. 

The market study shows that the asset management market is not working effectively. Whilst, some small schemes and retail investors may benefit from enhanced information, to fundamentally change outcomes, asset managers’ incentives need to be reformed. This would require future changes to their current legal duty.

To read all the comments from B&CE, provider of the People’s Pension to the FCA market study please follow the link below:

B&CE comment on the Financial Conduct Authority (FCA) Market Study MS15/2.2 Asset Management Market Study Interim report

-ENDS-

For further information on this response, or the work of B&CE or The People’s Pension, please contact: 
Andy Tarrant, Head of Policy & Government Relations at
andytarrant@bandce.co.uk or 07515 121204.

About B&CE
B&CE is the provider of The People’s Pension. The People’s Pension is a master trust serving 2.4 million savers in the auto-enrolment market. We provide low cost, high quality pensions to low and moderate income earners. We are an efficient, private sector alternative to the government-funded state intervention of NEST. We are not reliant on state subsidy of any kind. We are run under a trust in the interest of our members. B&CE Holdings has been providing welfare and employee financial benefits for the construction sector since 1942 (B&CE also provides a stakeholder pension for the construction industry, which serves a further 476,000 members).

We tweet as @BandCE.