This article was published in Pensions Expert, by Angus Peters | October 2, 2019
Selecting a fiduciary manager is just like marriage: you want to take time to select the right partner. Trust comes from knowing people well and seeing them often. Much like selecting a partner for life, you want to know the whole family (firm), not just the edited bits online (the beauty parade that many rely on in selection).
The CMA Orders require trustee boards of pension schemes to set clear strategic objectives by 10th December 2019. If this is not done the trustees cannot take advice from their investment adviser. Trustees need to act now – time is running out!
IC Select like others are experiencing a sharp uptick in demand for tenders and oversight from trustees of DB Pension Schemes following the recent issuance of the CMA orders. Click here to read more!
The CMA review into investment consulting and fiduciary management is a game changer for trustees overseeing the assets of DB Pension Schemes. The orders came out yesterday and the clock is ticking for trustee boards to meet it’s compliance requirements. Check out this article in Ignites Europe to see some thoughts from IC Select's Donny Hay.
IC select welcomes the Competition and Markets Authority (CMA) final report which demands higher standards of governance and greater transparency in trustees’ engagement with investment consultants and fiduciary managers.
However, whilst the final report meets the objectives of the CMA we believe it could have gone further.
If you are a member of the PMI, click here to check out the full magazine