Fiduciary management

Jonathan Stapleton asks if small DB schemes can access the benefits of scale

Trustees of the Midcounties Co-operative Pension Scheme have hired Towers Watson to act as fiduciary manager to the £145m fund.

Trustees should focus on the operational processes of fiduciary managers in the initial stages of selecting a provider, says Aon Hewitt.

Sion Cole looks at the different ways schemes can use fiduciary managers.

Trustees of the £127m Sappi UK defined benefit (DB) scheme have appointed SEI to act as fiduciary manager to its entire portfolio.

More than three quarters of respondents said trustees should always run a competitive tendering exercise before appointing a fiduciary manager.

In this week's Buzz, respondents turned their attention to the regulator, the state pension and fiduciary management.

Exactly half of Buzz respondents believe the proportion of assets in fully delegated fiduciary management mandates will increase over the next few years.

A panel of trustees and providers discuss how and why schemes can use fiduciary managers

JLT Employee Benefits' (JLT EB) fiduciary management offering has secured £1.75bn of assets under management across more than 60 mandates in its first year.