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Who? The most important decision of all

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Stephen Bowles, Head of Delegated Sales, Schroders
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Stephen Bowles, Head of Delegated Sales, Schroders

Selecting a fiduciary manager is one of the most important decisions trustees can make, given the appointee's pivotal role in setting and implementing a scheme's investment strategy.

The decision to change a pension scheme's operating model is a significant one, and therefore requires a substantial upfront investment of time and resource to do the decision justice. However, as a fiduciary management appointment progresses, the reduced governance burden on the trustees acts to offset this initial time investment.

As well as being time-intensive, choosing which fiduciary manager to select can be difficult. There are many fiduciary management styles, and trustees need to decide which decisions to delegate.

Given these issues, there are a number of questions trustees should consider before deciding whether fiduciary management is right for their scheme and embarking on a selection process.

Important information:

This document is intended to be for information purposes only and it is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Schroders does not warrant its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. Reliance should not be placed on the views and information in the document when taking individual investment and/or strategic decisions. Past performance is not a reliable indicator of future results, prices of shares and the income from them may fall as well as rise and investors may not get back the amount originally invested. Schroders has expressed its own views in this document and these may change. Issued by Schroder Investment Management Limited, 1 London Wall Place, London EC2Y 5AU, which is authorised and regulated by the Financial Conduct Authority. For your security, communications may be taped or monitored. CS1525b

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