Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of data from IC Select showing a decline in the percentage of investment consultant contracts put out to tender by pension funds from 20 per cent in 2008 to 3 per cent last year.

The Competition and Markets Authority (CMA) are currently conducting a detailed investigation of the Investment Consultants market. Their investigation will examine market concentration, the competitive landscape, information on fees and quality of service, among other issues. The CMA will publish their final report by March 2019 and the Government will study it closely.