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

Pension scheme investment could help alleviate UK housing shortages

Pension scheme investment could help alleviate UK housing shortages

LGPS Central says it expects partner fund investment in social housing to rise to £1bn

Martin Richmond
clock 02 October 2026 • 3 min read
The Big Question: What do higher yields mean for DB schemes?

The Big Question: What do higher yields mean for DB schemes?

Perspectives from our panel of five investment managers

Professional Pensions
clock 02 October 2026 • 7 min read
Aegon to transfer fiduciary management duties to Van Lanschot Kempen

Aegon to transfer fiduciary management duties to Van Lanschot Kempen

Firms also strike new strategic partnership for alternative fixed income solutions

Alex Levy
clock 01 October 2026 • 1 min read
Trustpilot