Exclusive: PLSA calls for mandatory FM tenders to be run on closed basis

James Phillips
clock
Exclusive: PLSA calls for mandatory FM tenders to be run on closed basis

Mandatory tenders for fiduciary management services should be conducted on a closed basis with no minimum threshold for the number of managers involved, the Pensions and Lifetime Savings Association (PLSA) says.

The trade body said these tenders should be aided by the introduction of a regulator-created ‘checklist' for trustees, who should then produce "light-touch, formal documentation" on the process and decision...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Defined Benefit

Industry Voice Video: Beefing up net-zero commitments

Industry Voice Video: Beefing up net-zero commitments

Robeco
clock 29 November 2021 • 1 min read
14% of those surveyed expected superfunds to be fully up and running in the next 12 months

Superfunds won't be ready in 2022, industry says

Majority of poll respondents doubt whether the system can get up and running

Hope William-Smith
clock 26 November 2021 • 2 min read

LGIM Pensions Buzz Results

Professional Pensions teamed up with Legal & General Investment Management to mark the COP26 conference, which was held in Glasgow between 31 October and 12 November 2021. To mark this occasion, PP conducted a series of polls around some key ESG and sustainability...

Jonathan Stapleton
clock 26 November 2021 • 1 min read