Tendering for fiduciary management has led to fees being reduced by between 19% and 22%, latest analysis by the Competition and Markets Authority (CMA) finds.
Based on a sample of 258 schemes, those which undertook tenders for a fiduciary manager, and then chose their existing investment consultant saw fees 19% lower than those who did not run a tender exercise....
ESG is increasingly important for schemes but trustees have little influence over manager decisions. Pádraig Floyd asks what they can do to redress the balance.
Tax simplification must return to the top of the government’s pensions agenda in order to boost saving potential, says Alan Pickering.
All of the major political parties have now unveiled their policies on pensions ahead of the general election. Professional Pensions looks at what they have promised.
While it may be tough for small schemes to manage their approach to ESG-related investment risks, there are ways to meet this fiduciary responsibility, says Richard Butcher