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Stockreport

More Than Half of Schemes to Re-Evaluate Their Consultant Relationship Following FCA Market Study

SEI Investments Co (SEIC)  More Company Research Source: GlobeNewswire
Last sei investments co earnings: 10/23 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: seic.com/investor-relations
PDF LONDON, July 24, 2017 (GLOBE NEWSWIRE) -- According to a survey released today by SEI (NASDAQ:SEIC), more than half of pension schemes are planning to re-evaluate their relationship with their investment consultant in the wake of the Financial Conduct Authority’s Asset Management Market Study, according to a poll of trustees, representing over £42 billion of assets. SEI’s poll was completed in late June and early July 2017 by 35 U.K. pensions professionals, including Trustees, Chair of Trustees, Financial Directors, and Head of Pensions overseeing defined benefit pension schemes ranging in asset size from £20 million to £6 billion. The poll did not include any clients of SEI. The survey follows a pledge by the FCA to consult on its provisional view to reject consultants’ undertakings in lieu to avoid referral to the Competition and Markets Authority, and reveals that 54 percent of trustees are planning to re-evaluate their relationship with their investment consultant. More than 8 [Read more]

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