UK - The National Association of Pension Funds (NAPF) has launched the final version of its best practice principles on investment advice to pension funds.
It explained the principles covered the key client services areas of investment advice, technical competence, team working and dispute resolution, education, training and fees and administration.
The principles are expected to be widely adopted by UK investment consultancies to help support their professional relationships with pension fund clients.
NAPF assessing investment consultants performance working group chairman Mark Hyde Harrison said: "The best practice principles are aimed at forging stronger relationships between investment consultants and their pension fund clients.
"The intention is that they will encourage the provision of high quality investment advice to pension funds."
The assessment tools include a survey of 458 pension schemes, the best practice principles, a balanced scorecard and a pro-forma for comparative data analysis.
The Competition and Markets Authority (CMA) has published three working papers as part of its investigation into the investment consultancy and fiduciary management markets.
In this week's Pensions Buzz, we wanted to know whether contract-based, trust-based or a master trust arrangement would be best for a new defined contribution (DC) scheme.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".