Press Release: IC Select hires pension industry veteran, John Paterson.

IC Select, the fiduciary management specialists, have appointed pension veteran John Paterson as director following rapid growth in demand for its services. John, who joins from JLT Group a leading investment and actuarial consultancy, brings over 30 years’ experience of actuarial work, investment strategy and interaction with trustee boards. His technical and investment experience adds to the 100 years of investment and pension fund experience possessed by IC Select’s team.   The hire follows a surge in demand for independent advice following the Competition and Markets Authority Review (CMA Review) into investment consultants and fiduciary managers.

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PMI Article: Implementing the CMA Orders

DB trustee boards are not lazy or stupid, but for too long they have been starved of the necessary information and insights to make effective investment decisions...

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

Press Release: Investment consultants agree to discuss IC Select solution in drive for transparency

London,2 October 2018 – the Big Three investment consultants - Aon, Mercer and Willis Towers Watson - have agreed to take part in top-level talks, hosted by governance specialist IC Select, to develop a strategy to show whether they provide value for money to their advisory pension scheme clients.


The other consultants who have so far agreed to participate in the first round of talks are Cardano, KPMG, Redington, River and Mercantile, and Momentum. Discussions with further firms are ongoing.

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Press Release: CMA Report Response

CMA Report marks turning point in drive for transparency and good governance


London, 18th July 2018  – Advisory firm IC Select welcomes the CMA provisional decision report and support the decision not to split up the investment consultants which we felt would have been detrimental to the investment services that many pension funds receive from them.

Peter Dorward, Managing Director, IC Select, commented: “Overall we believe the report and the process of discussion with the industry has changed attitudes towards transparency for the better by investment consultants and fiduciary managers. The remedies proposed will ensure that as the process moves forward from here, these transparency gains are not lost”.

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Press Release: Third party evaluators back Fiduciary Performance Standard

London, 1 June 2018 – Third party evaluators of fiduciary management Barnett Waddingham, Hymans Robertson, IC Select, KPMG, Lane Clark & Peacock and XPS Investment have backed the Fiduciary Management Performance Standard.


They believe that all Fiduciary Managers should have the capability to comply with the standard, or explain why this is not the case.


Mallowstreet, the social network for pension schemes, recently asked their membership whether trustees need a fiduciary management performance standard. The result was 100% in favour - a rare consensus.

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