Fiduciary management

This week respondents demonstrate they are less than impressed with the idea that scale is the answer to all schemes' problems.

Almost four out of 10 contributors said fiduciary management was an effective way for smaller schemes to access some benefits of scale.

Jack Jones looks at how trustees can assess their managers

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.