Donny Hay says a simple section 36 letter could reassure trustees over their fiduciary manager selection.
The newly-launched Fiduciary Management Performance Standard has gained support from the biggest providers of independent evaluation services to pension funds.
The number of pension schemes retendering for investment consulting services has dropped sharply over the last decade, IC Select research reveals.
This week's top stories included IC Select's launch of a fiduciary management performance standard, and the High Court ruling that trustees can recover pension overpayments without a time limit.
IC Select has appointed Donny Hay as a director as it seeks to develop its business further alongside a new disclosure standard.
A ground-breaking disclosure standard to help trustees compare fiduciary managers in the selection process has been unveiled, putting an end to three years of talks.
The half of fiduciary managers that have not yet submitted initial data for the IC Select industry performance standard now face a set deadline of 28 February.
An eleven-strong industry group has been formed to help develop a fiduciary management performance standard.
IC Select has developed a standard to improve transparency and consistency of performance information across the fiduciary management sector.
As the fiduciary management market continues to grow Lynn Strongin-Dodds looks at how schemes can measure their manager's performance.