Survey research to inform a potential investigation into the market for investment advisory and fiduciary management services to institutional investors

Contract summary

Industry

• Market research services - 79310000

Location of contract

London

Value of contract

£120,000

Procurement reference

PROC 059-2017

Published date

19 September 2017

Closing date

24 August 2017

Contract start date

15 September 2017

Contract end date

30 June 2018

Contract type

Service contract

Procedure type

Call-off from a framework agreement

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

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Description

The Financial Conduct Authority (FCA) recently reported on their Asset Management market study . One of their proposed remedies is to refer the market for investment advisory and fiduciary management services to institutional investors to the CMA for further investigation . The FCA is considering whether to refer the market to the CMA. Should they decide to do this, the reference is likely to be made during September.

We are considering commissioning survey research with the main customer groups for providers of these services to inform any investigation the CMA conducts into this market. A final decision on whether to do so would be made following an FCA referral, should there be one.

The investment advisory market consists of a dozen or so large players, with around 60% of market share being accounted for by the three largest investment consultancy firms , with a tail of smaller consultancies.

We would propose to conduct a telephone survey, primarily with pension scheme trustees.

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Award information

Awarded date

11 July 2017

Contract start date

15 September 2017

Contract end date

30 June 2018

Total value of contract

£120,000

This contract was awarded to 1 supplier.

IFF Research

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About the buyer

Address

Victoria House
Southampton Row
London
WC1B 4AD
England

Email

commercial@cma.gsi.gov.uk