US - Wilshire Associates and Mercer Investment Consulting have confirmed they have been asked to provide information to the US Department of Labour (DoL), which is investigating pension consultants for possible violations of fiduciary responsibilities under the Employee Retirement Income Security Act.
The DoL refused to comment on the ongoing investigation, but sources confirmed DoL’s Employee Benefits Security Admin-istration (EBSA) has asked its regional offices to examine 13 pension consultants that...
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
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
Investment consultants including the 'big three' have all agreed to participate in discussions to develop a strategy to demonstrate whether they provide value for money to pension fund clients.
Roger Brown suggests four ways trustees can enhance their probability of selecting the right adviser