UK. Mercer claims CMA report used “flawed data”
Mercer has accused the Competition and Markets Authority of using incorrect data and unrepresentative samples in its recent Investment Consultants Market Investigation.
This probe look at consultants offering investment and fiduciary management services to the £1.6tn pension fund industry.
But Mercer’s UK chief executive Fiona Dunsire claims the errors in this data analysis “cast doubt on the credibility of key aspects” of the CMA’s provisional decision report, published in the July this year.
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Read the CMA’s provisonal report here
