Partner Insight - Over half of trustees still appointing incumbent consultants - despite new CMA rules

clock • 1 min read

 

Fiduciary management is a crucial tool for many pension scheme trustees. But concerns over the competitiveness of this market and the effect that could have on member outcomes has grown in recent years.

Professional Pensions research, conducted in association with Goldman Sachs Asset Management, demonstrates a similar story; with over half of trustees in our survey opting to appoint their incumbent investment consultant as fiduciary manager, rather than going through a more complex tender process.

Of course, that's not an issue in itself, assuming that tender processes have been conducted openly, competitively and rigorously.

Our research, however, shows that this is not always true, and that trustees appointing their incumbent consultant tend to run less rigorous selections.

We spoke to trustees and third-party experts for their view on the subject in this video, as we delve into our research results.

More on Investment

Chancellor Jeremy Hunt is reported to be considering PPF remit expansion. © Zara Farrar - HM Treasury

Government mulls PPF 'master consolidator' remit for pension schemes

Proposals could give flexibility for the sponsors of smaller and struggling schemes

Jonathan Stapleton
clock 26 May 2023 • 4 min read
Industry Voice: The art of actively managing interest rate risk

Industry Voice: The art of actively managing interest rate risk

With volatility likely to persist, an active approach remains critical

Amanda Stitt, Portfolio Specialist at T. Rowe Price
clock 26 May 2023 • 3 min read
Markets are now pricing three full rate hikes this year and possibly a fourth, bringing the forecast terminal rate as high as 5.5%.

Gilt yields near Mini Budget highs after hotter-than-expected UK inflation

Two year gilt yields have risen to 4.48%, the highest level since last September’s peak

Valeria Martinez
clock 25 May 2023 • 2 min read
Trustpilot