Fiduciary management

Majority of FMs met or exceeded targets in 2025, Barnett Waddingham finds

XPS Group said schemes must ensure ‘robust oversight’ when selecting a fiduciary manager

Move enables scheme trustees to strengthen investment governance

Mandate follows competitive selection process run by Dalriada and QinetiQ

Asset manager’s hire follows strategic investment review by the scheme’s trustees

XPS finds proportion of schemes with independent fiduciary oversight remains ‘stubbornly’ low

Samora Stephenson says FM was dynamic in name but remained disciplined in practice

Just 21% of fiduciary managers were rated ‘green’ in 2025, down from 38% last year

Latest EY survey also shows shift towards internal fund management

UK schemes shift from recovery to readiness as stronger funding brings endgame into focus