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.

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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.

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Professional Pensions Article: IC Select finds just 3% of schemes retendered investment consultants last year

Professional Pensions has released an article looking at our recent findings and what this could mean.

To read the full article click here

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Press Release: Investment consultant tenders in sharp decline

 

Investment Consultant Tenders in Sharp Decline

London, 21 May 2018 – Around 2.7% of pension schemes retendered for investment consulting services in 2017 – less than a sixth the proportion of a decade ago - according to a survey of 1,000 schemes, worth £697 billion, by oversight and selection specialist IC Select.

This is a marginal increase on the 2.5% of 2016 and 1.6% of 2015.  But these proportions mark a sharp decline on 18.6% of 2008. Retenders have been bumping along at a low level over the three years despite growing scrutiny of investment consultant expertise and questions over the level of tender activity.

IC Select’s survey of schemes on their database also showed 1.5% of schemes ended up changing their consultant, against 11% in 2008, marking a steady decline over ten years. The changes stripped out scheme mergers, and entries into the Pension Protection Fund.

Peter Dorward, managing director of IC Select, said: “It is surprising the level of tender activity over the last three years has been so low. This follows the spread of de-risking plans, which has added to the complexity of investment affairs and, potentially, ties schemes more closely to incumbent advisers.”

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Press Release: IC Select FM Performance Standard Launch

London, 16 April 2018 – Advisory firm IC Select has launched a performance-measurement standard to help pension schemes compare the skills of fiduciary managers hired by trustees to make investment decisions on their behalf.

The IC Select Fiduciary Management Standard has been published amid unprecedented regulatory scrutiny of investment consultants. It has been backed by 14 providers including the world's largest consulting firms Aon Hewitt, Mercer and Willis Towers Watson. The others comprise BlackRock, Cardano, Charles Stanley, Goldman Sachs Asset Management, JLT Investment Solutions, Kempen Capital Management, Legal & General, P-Solve, Russell Investments, Schroders and SEI.

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In The Media
21 May 2018
IPE posted an interesting article discussing our recent findings concerning the decline of UK scheme...
21 May 2018
Pensions Expert has recently released an interesting article discussing our most recent findings abo...
Latest News & Blogs
21 May 2018
IPE posted an interesting article discussing our recent findings concerning the decline of UK scheme retendering fo...
21 May 2018
Pensions Expert has recently released an interesting article discussing our most recent findings about the rate of ...