Less than a third of schemes use oversight for FMs

IC Select says most schemes get their strategic advice from the same fiduciary provider

clock • 2 min read
Less than a third of schemes use oversight for FMs

Few schemes receive strategic advice from a third-party or commission independent oversight for fiduciary managers, according to research by IC Select.

The firm's fiduciary manager survey found that less than a third (31%) commission independent oversight, despite encouragement from The Pensions Regulator. Even fewer schemes (10%) use fiduciary ma...

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

XPS selected as PMI development partner

XPS selected as PMI development partner

Partnership will help strengthen professional standards and support learner success

Holly Roach
clock 06 November 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Guided retirement consultation, transfer regs consultation response, DWP fiduciary duty draft guidance

Professional Pensions
clock 06 November 2026 • 1 min read
Bank of England hikes rates to 4% in first rise since 2023

Bank of England hikes rates to 4% in first rise since 2023

MPC Committee votes 8-1 to raise interest rates

Michael Nelson
clock 05 November 2026 • 3 min read
Trustpilot