US - US regulatory agencies are not adequately enforcing the disclosure of investment consultants' conflicts of interest, a situation exacerbated by a combination of outdated laws, poor formal coordination between agencies and insufficient investigative resources, according to a government report.
As a result of using consultants with undisclosed conflicts of interest, pension funds could have suffered returns up to 1.4% lower, the Government Accountability Office (GAO) concluded. The report concluded...
Partner Insight: Russell Investments' David Rae and Paul Wharton discuss how fiduciary management has changed in response to a shifting market context and what we might expect to see going forward
Industry Voice: A fiduciary management approach gives trustees a richness of information you can't get with a standard adviser approach, especially in times of market uncertainty, explain Russell Investments' David Rae and Paul Wharton
Two years have passed since the Law Commission's landmark review that attempted to clear up confusion over trustees' fiduciary duties. Stephanie Baxter finds despite some initial progress there is much more work to be done.
Catherine Howarth has been an appointed as an ambassador for the Transparency Task Force (TTF)
Michael Klimes looks at the latest proposal to bring transparency on asset manager costs.