The likelihood of trustees making incorrect decisions when choosing a fiduciary manager due to rudimentary performance metrics remains probable, EY says.
With the 9 June deadline approaching for retendering fiduciary management services, Donny Hay says it is important that trustees spend the maximum time to achieve the best outcomes.
More than a third of defined benefit (DB) pension schemes are running “worryingly close to the deadline” to comply with the Competition and Market Authority’s (CMA) retendering order, according to Hymans Robertson.
The Department for Work and Pensions (DWP) has delayed further a consultation response and final regulations to enact requirements relating to investment consultants.
In the first of Schroders ‘Fiduciary Management Insight’ series, Neil Walton, Head of Investment Solutions at Schroders examines why Trustees should be aware of transaction costs and their impact on portfolio returns.