Fiduciary appointments should require independent advice
Patrick McCoy says the CMA's proposal for all fiduciary management appointments to go to tender will only work if pension funds take independent investment advice
The Competition and Markets Authority (CMA) has revealed that on average pension funds pay 10 times more for fiduciary management (23 bps) compared to investment consulting (2 bps). Profit margins are...
More on Investment
Pensions Schemes Bill passes final Lords hurdle to proceed to Commons
The Pension Schemes Bill will now move for consideration in the House of Commons after it was passed in the House of Lords yesterday (15 July) following a third reading.
McCloud consultation launches; Treasury resumes cost control mechanism for public sector schemes
HM Treasury has announced it will resume the cost control mechanism for public sector pension schemes, noting the concern that the 18-month suspension has caused.
Exclusive: Gresham House targets LGPS schemes with secure income residential social housing strategy
Alternative asset manager Gresham House is set to launch a residential property strategy targeting institutional investors and Local Government Pension Scheme (LGPS) funds.
PP Live: Covid-19 crisis has not changed TPR's view that funding principles are 'right'
The economic crisis caused by Covid-19 has reinforced The Pensions Regulator’s (TPR) view that its defined benefit (DB) funding principles are “right”, says David Fairs.
