Managing conflicts of interest using an adviser's own investment products

Donny Hay asks how trustees can manage ‘own product’ recommendation conflicts

clock • 4 min read
Donny Hay: Some disallow any internal product recommendations but this isn't always a perfect solution
Image:

Donny Hay: Some disallow any internal product recommendations but this isn't always a perfect solution

For defined benefit (DB) trustees, one common conflict of interest arises when investment advisers recommend their own investment products.

Whether the adviser is a fiduciary manager or an investment consultant, they stand to earn more in fees by recommending their own products. This creates an obvious conflict of interest - between th...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

FCA fines adviser £1.4m over unsuitable DB pension transfers

FCA fines adviser £1.4m over unsuitable DB pension transfers

Philip Pryke exposed clients to ‘significant’ risk of financial detriment

Isabel Baxter
clock 29 November 2024 • 2 min read
Tender Watch: LGPS funds seek pension administration software provider

Tender Watch: LGPS funds seek pension administration software provider

Multi-provider framework agreement sought in support of the LGPS

Professional Pensions
clock 28 November 2024 • 1 min read
Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Mike Edwards, Partner, Aon
clock 06 November 2024 • 5 min read
Trustpilot