Trustees are 'failing' members over fiduciary management appointments

PP research uncovers concern among pension professionals

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The pensions industry believes trustees who do not explore the market before appointing a fiduciary manager are letting members down, according to research carried out by PP.

Three out of five respondents to this week's Pensions Buzz research said trustees were "failing to fulfil their fiduciary duties" if they did not run an open tendering exercise. Just one in five de...

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