Published in IPE - 27 November 2019 by
The £4bn (€4.7bn) UK Power Networks Group of the Electricity Supply Pension Scheme (ESPS) has appointed BlackRock as fiduciary manager, following a competitive tender process run by IC Select.
IC Select have teamed up with Pi Consulting, the London based independent pensions consulting firm, to help trustee boards of DB pensions schemes select fiduciary managers. It’s estimated that over 500 schemes will need to competitively tender for fiduciary manager services over the next two years.
DB trustee boards are not lazy or stupid, but for too long they have been starved of the necessary information and insights to make effective investment decisions...
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Asset TV's Fiduciary Management Institutional Masterclass now live featuring IC Select's Roger Brown along side Charlotte Tyrwhitt Drake from Kempen Capital Management and Hannah Simons from Schroders.