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Investment consultant tenders fall sharply in 2010

The survey, based on information from over 2,300 pension funds, also found that only 1.9% of pension funds changed their investment consultant in 2010, a fall from 3.5% in the previous year.  This decline in the number of funds changing consultant is a direct result of the fall in the number of funds retendering their services, since the proportion of funds that retendered their service but remain with the same consultant has remained stable at around 55%.

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The number of pension funds retendering their investment consultant services fell sharply in 2010 from a high of 5.2% of funds in 2009 to 3.5% last year, according to a survey by IC Select.  This fall followed three years of steady increases in the number of funds retendering investment consultant services.