Commenting on the final findings of the FCA’s asset management market study published today, Mark McNulty, Head of Investment Solutions for JLT Employee Benefits, said: “JLT welcomes much in the FCA’s report. The proposed measures around transparency are particularly pertinent. Bringing investment consultants into its regulatory perimeter will improve competition and value for money for clients. The FCA will likely expect that consultants measure the quality of their advice so that clients can assess their performance relative to the costs they are paying for advice. We call on the FCA to introduce regulation of investment consultants as soon as possible and avoid further delays by referring to the Competition and Markets Authority.”
Notes to Editor
JLT Employee Benefits
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About JLT Employee Benefits
JLT Employee Benefits is one of the UK's leading employee benefit providers offering a wide range of benefit and pension services, including administration, actuarial and pension consultancy, investment, Self Invested Personal Pensions (SIPPs) and Small Self Administered Schemes (SSASs) administration, flexible benefits, healthcare, benefit communication and financial education.
JLT Employee Benefits employs over 2,200 professionals throughout the UK and in 2013 had revenues of £172m in UK & Ireland.
Pensions and employee benefits companies within the JLT Employee Benefits group of companies include: JLT Benefit Solutions Ltd, Profund Solutions Limited, JLT Wealth Management Limited, JLT Investment Management Limited and Independent Trustee Services Limited. JLT Employee Benefits is part of Jardine Lloyd Thompson Group plc.
About Jardine Lloyd Thompson Group plc
Jardine Lloyd Thompson is one of the world's largest providers of insurance and employee benefits related advice, brokerage and associated services. JLT's client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in 41 territories with some 10,600 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.