Fiduciary appointments should require independent advice

clock • 3 min read

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 ...

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 Investment

British Coal scheme appoints BlackRock for £8bn fiduciary management brief

British Coal scheme appoints BlackRock for £8bn fiduciary management brief

Deal is latest in a line of substantial UK scheme outsourcing deals

Jonathan Stapleton
clock 01 July 2026 • 2 min read
Pension schemes form working group to tackle dual-class share disclosure

Pension schemes form working group to tackle dual-class share disclosure

Groups say improved voting outcomes disclosure will support capital markets

Jonathan Stapleton
clock 29 June 2026 • 2 min read
Investors becoming 'more selective' about private capital managers

Investors becoming 'more selective' about private capital managers

Coller Capital finds nearly one quarter of LPs expect to reduce number of GP relationships

Jonathan Stapleton
clock 24 June 2026 • 3 min read
Trustpilot