Actuaries and investment consultants that fail to take account of climate risk in their work and advice face increasing risks of legal liability and regulatory action, according to ClientEarth.
Chris Sier has called on investment consultants to take the lead on disclosure of costs and charges as for too long asset managers have not put pension clients first.
PP research shows sector believes investment consultancy should be probed.
Last week I was up in Edinburgh at the PLSA Investment Conference. I attended lots of very useful sessions but I must admit there was one that surprised me.
This week we want to know if consultants are reluctant to offer trustee clients honest feedback and if they have a firm understanding of implicit investment costs.
Schemes often look at total investment returns when assessing success. However, a recent paper says other factors should also be taken into account. Helen Morrissey reports