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.

 

Click here to read the full article. 

 

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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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IPE Article: 'Sharp decline' in UK scheme retendering for investment consultants

IPE posted an interesting article discussing our recent findings concerning the decline of UK scheme retendering for investment consultants. To read the full article, please click here.

Pensions Expert Article: Rate of investment consultant tenders has plummeted, survey finds

Pensions Expert has recently released an interesting article discussing our most recent findings about the rate of investment consultant retenders. To read the full article click here.