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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

L&G targets 10% job cuts to tackle 'complex' structure

L&G targets 10% job cuts to tackle 'complex' structure

Firm says job cuts represent 'the next stage' of its transformation

Cristian Angeloni
clock 23 September 2026 • 1 min read
Most SMEs feel unequipped to support employees' retirement outcomes

Most SMEs feel unequipped to support employees' retirement outcomes

But half of SMEs see outcomes as an employer’s responsibility

Alex Levy
clock 23 September 2026 • 1 min read
News Digest: Budget pensions tax relief changes; Capita reports CSPS new claim uptick

News Digest: Budget pensions tax relief changes; Capita reports CSPS new claim uptick

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 23 September 2026 • 1 min read
Trustpilot