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.

Professional Pensions Article: IC Select finds just 3% of schemes retendered investment consultants last year

Professional Pensions has released an article looking at our recent findings and what this could mean.

To read the full article click here

IC Select calls for professional qualifications for investment consultants

A survey, completed by IC Select, has found that 48% of investment consultants do not have a professional qualification.  The survey covered 505 investment consultants, 323 of these were lead investment consultants and 188 were investment consultants acting in a support role.  Amongst the lead consultants, 39% had no professional qualification with 60% of those in support roles currently unqualified.

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