UK fiduciary tenders pick up post-CMA investigation

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!

CMA's final tender rules appear weaker than expected, says expert

 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.

Click here to read the full article. 

The CMA Review: Necessary but not sufficient

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.

 

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If you are a member of the PMI, click here to check out the full magazine

21st Transparency Task Symposium

Donny Hay of IC Select, and other industry professionals, comment upon the CMA Provisional Decision Report at The 21st Transparency Task Symposium in London on 26 July 2018.

Click here to find out more about it. 

Trustee Guide Part III - How Performance Is Calculated

This is the third in a series of short notes that explain how the IC Select Fiduciary Performance Management (FM) Standard works and how trustees can benefit from the information. This note explains why return relative to liabilities was chosen as the performance basis for the fiduciary manager performance standard.

It was essential that the performance measurement methodology used for the standard had two key attributes. Firstly, it had to measure performance according to what is most important to trustees and, secondly, the results for each fund had to be capable of being combined together into groups of funds, to give an overall impression of how the fiduciary manager was doing, and to avoid cherry picking by managers of the best track record.

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