Professional Pensions: Fiduciary management standard wins support of third-party evaluators

Third party evalutors believe that all Fiduciary Managers should have the capability to comply with the standard. To read the full article, click here.

Press Release: Third party evaluators back Fiduciary Performance Standard

London, 1 June 2018 – Third party evaluators of fiduciary management Barnett Waddingham, Hymans Robertson, IC Select, KPMG, Lane Clark & Peacock and XPS Investment have backed the Fiduciary Management Performance Standard.

 

They believe that all Fiduciary Managers should have the capability to comply with the standard, or explain why this is not the case.

 

Mallowstreet, the social network for pension schemes, recently asked their membership whether trustees need a fiduciary management performance standard. The result was 100% in favour - a rare consensus.

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Trustee Guide Part III - How Performance Is Calculated

This is the third in a series of short notes that explain how the IC Select Fiduciary Performance Management (FM) Standard works and how trustees can benefit from the information. This note explains why return relative to liabilities was chosen as the performance basis for the fiduciary manager performance standard.

It was essential that the performance measurement methodology used for the standard had two key attributes. Firstly, it had to measure performance according to what is most important to trustees and, secondly, the results for each fund had to be capable of being combined together into groups of funds, to give an overall impression of how the fiduciary manager was doing, and to avoid cherry picking by managers of the best track record.

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IPE Article: 'Sharp decline' in UK scheme retendering for investment consultants

IPE posted an interesting article discussing our recent findings concerning the decline of UK scheme retendering for investment consultants. To read the full article, please click here.

Pensions Expert Article: Rate of investment consultant tenders has plummeted, survey finds

Pensions Expert has recently released an interesting article discussing our most recent findings about the rate of investment consultant retenders. To read the full article click here.