UK - Pensions Investment Research Consultants hopes to sign at least four fund managers looking to outsource their shareholder engagement functions.
PIRC has struck a deal with one fund manager – which wants to remain anonymous until an official launch – and is in talks with a further three.
PIRC managing director Alan MacDougall said fund managers were beginning to take a realistic view of their ability to meet commitments to pension fund clients and were increasingly seeking external expertise.
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.