Doubts competitive tender process means quality FMs

A large majority of the industry say their schemes have not secured better contracts

Hope William-Smith
clock • 2 min read
Doubts competitive tender process means quality FMs

Rules requiring a competitive tender process to be carried out when appointing a fiduciary manager have not resulted in the majority of schemes feeling they have secured better quality providers, PP finds.

This week's Pensions Buzz poll asked the industry whether the rules had led to better quality appointments, with only 3% agreeing they had. The rules - which followed on from the Competition and...

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