Peter Dorward, Managing Director of IC Select, said: “John’s appointment arises from the rapid growth in demand for IC Select’s investment governance services and is another example of our ability to hire knowledgeable people who really understand and are committed to supporting the work we do with trustee boards. He adds to our mix of experience and enthusiasm, driven by a passionate belief that what we do makes a difference and matters.”


John said: “IC Select’s reputation as the leading investment governance adviser was a great attraction to joining their team. Their independence, research focus and record of innovation in this field sets them apart and comes at a much-needed time following the CMA review. It’s really no surprise that their insights are in such high demand given the investment complexity that DB trustee boards face.  I look forward immensely to contributing to this work.”

IC Select have been asked to tender for over 50 opportunities since the CMA report was first published a year ago and are now working with over 20 new pension schemes with most of the remainder under discussion. While the focus of demand has been on fiduciary management selection and oversight (35 opportunities), advisory support has also taken off increasing tenfold in the same period.

The CMA review affects all DB pension schemes and significantly raises the bar in terms of investment governance for trustee boards and their advisers. The Orders will be enacted on 10 December 2019 and shine a spotlight on investment consultants and fiduciary managers. Allowing trustee boards to better judge whether they are doing a good job and assess whether they represent value for money.

IC Select provide their DB clients with the necessary expertise and analysis to enable them to select the most appropriate investment consultant or fiduciary manager, then monitor them effectively based on their level of performance. They developed the Fiduciary Management Performance Standard which the CMA review has now made mandatory for all fiduciary managers. 



For further information please contact:

Peter Dorward, Managing Director

0131 344 4462


Donny Hay, Director

0131 344 4463


IC Select, the fiduciary management specialists, have appointed pension veteran John Paterson as director following rapid growth in demand for its services. John, who joins from JLT Group a leading investment and actuarial consultancy, brings over 30 years’ experience of actuarial work, investment strategy and interaction with trustee boards. His technical and investment experience adds to the 100 years of investment and pension fund experience possessed by IC Select’s team.   The hire follows a surge in demand for independent advice following the Competition and Markets Authority Review (CMA Review) into investment consultants and fiduciary managers.