This article was published in Pensions Expert | March 18, 2020
When the recent survey carried out by the Society of Pension Professionals suggested that many pension funds will not take any material action in the short term on sustainability issues, we were not surprised.
Volatility playing havoc with defined benefit funding ratios may speed the transition towards fiduciary management and consolidation of final salary schemes, according to governance specialists.
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.