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

James Phillips
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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...

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