The fiduciary management market has grown markedly in recent years. According to KPMG's 2012 Fiduciary Management Survey the full delegation market stood in excess of £23bn. This equated to over 2.4% of total UK pension scheme assets under management distributed across 174 pension scheme mandates. This represents a 40% year on year growth rate.
While still operating from a small base fiduciary management looks set to grow further over the coming years according to KPMG head of investment advisory Patrick McCoy. "The fiduciary management market...
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.