For DB schemes, assessing fiduciary managers by comparing their growth funds grossly misses the point – to outperform liabilities – of these mandates, IC Select’s Anne-Marie Gillon explain how the performance of fiduciary managers should be assessed.
Martin brings 40 years of experience to the defined benefit (DB) investment governance specialists, having worked in previous pensions roles for blue-chip multinational companies. These include as global benefits director at Tetra Pak, head of pensions and benefits at Royal Bank of Scotland, and vice-president of pensions at DHL.
"The CMA Order for trustees to set Strategic Investment Objectives by 10th December 2019 for their investment advisers is a “game changer”.
The setting of clear objectives will result in trustee boards then wanting to measure success and judge value for money. At a time when covenant and funding are under severe pressure investments become more central and investment governance is something DB trustees/sponsors can improve. Research shows good governance can add 1-2% pa to returns.
Given the Covid-19 disruption there will be real benefits for Trustees starting this sooner than later. After all ‘What gets measured gets done’.”
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Edinburgh, 3 December 2019 – IC Select service to empower trustees ahead of CMA Orders December 10 deadline
IC Select, the investment advisory specialists, has launched a new service that will for the first time allow trustees to measure the success of their investment advisors.