British Airways Pensions has decommissioned its in-house investment operations, moving all assets to BlackRock as outsourced chief investment officer (OCIO).
Turbulent markets damaged fiduciary managers’ ability to achieve client-specific objectives, says Isio, with none meeting the target.
Fiduciary managers maintained their investment strategies across 2020 despite high market volatility and some hair-raising losses during the first quarter, XPS Pensions Group research finds.
Schroders has been appointed as fiduciary manager to the Howard de Walden Estates Limited Retirement Benefits Scheme.
The financial impact of fiduciary management (FM) decisions on pension funding positions means funds need a better understanding of how knock-on impacts appear, Barnett Waddingham warns.