Fiduciary management

Trustees of the AT Kearney Pension & Life Assurance Scheme have appointed Gatemore Capital Management to act as its dedicated chief investment officer.

Mn Services has won a £450m fiduciary management mandate from the Delphi defined benefit pension schemes in the UK.

F&C Investments has merged a number of its key investment teams to form a new investment solutions division and announced three hires to boost its fiduciary offering.

Trustees should delegate investment decisions to fiduciary managers because schemes lack the resources for strong internal governance, consultants say.

US - The US Government is to update the definition of "fiduciary" to cover any person who provides investment advice to plans for a fee.

Fiduciary management has recently hit the mainstream for UK pension funds. Laura Blows looks at how this market is developing

The trustee of the £460m Cookson Group Pension Plan has appointed BlackRock as fiduciary manager.

The trustee of the Merchant Navy Officers Pension Fund has selected Towers Watson as the delegated chief investment officer for its £3bn pension fund.

The Macmillan Cancer Support pension scheme has appointed Mn Services as its fiduciary manager, to advise the trustees on their investment strategy.

Two pension funds of cleaning and hygiene products company, Jeyes, have appointed SEI as their fiduciary manager.