All Fiduciary management articles – Page 3
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NewsMassive retender exercise sees fiduciary manager fees drop
On the go:The Competition and Markets Authority order for schemes to run a fiduciary management tender exercise led to a 345 per cent increase in retenders in 2021, a process that saw a marked decline in fees, according to research from Isio.
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NewsSchroders to acquire River and Mercantile’s FM business
On the go: Schroders has announced its intention to acquire River and Mercantile Group’s UK solutions division, consisting of its fiduciary management and derivatives businesses, for £230m.
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PodcastsPodcast: Mandating net zero could ‘cut straight through’ fiduciary duties
Podcast: The government mandating default funds be aligned with ‘net zero’ would be a way around concerns about fiduciary responsibility, but there are questions about what this would mean in practice. Stuart O’Brien, partner at Sackers, and Gareth Stears, pensions technical consultant at Aries Insight, discuss environmental, social and governance issues, social housing, and the Pensions Regulator’s controversial criminal powers.
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NewsWates Pension Fund appoints fiduciary manager
On the go: The £333.9m Wates Pension Fund has appointed Russell Investments as fiduciary manager for its £300m defined benefit section.
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NewsCD&R called to reassure MPs over Morrisons takeover
On the go: Labour and Liberal Democrats MPs have warned Clayton, Dubilier & Rice that it must make guarantees to workers and rule out asset-stripping as it looks set to complete its £7.1bn Morrisons takeover.
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NewsFCA to introduce ‘synthetic’ Libor to ease rate wind-down
On the go: The Financial Conduct Authority has announced that some key Libor panels will publish ‘synthetic’ rates to safeguard an “orderly wind-down” of the benchmark interest rates.
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NewsCapita pension scheme appoints fiduciary manager
On the go: The £1.5bn Capita Pension & Life Assurance Scheme has selected Russell Investments as its fiduciary manager after the scheme trustees’ decided to move to an improved investment governance model.
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NewsEnergy company scheme appoints new fiduciary manager
On the go: The £642m Uniper Group of the Electricity Supply Pension Scheme has awarded a £570m fiduciary management mandate to Kempen Capital Management.
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NewsBig schemes turn to fiduciary managers during pandemic
Data crunch: The average size of a pension scheme taking on a fiduciary manager rose by around 80 per cent during the Covid-19 pandemic, suggesting the flexibility afforded by the model was particularly attractive in turbulent market conditions, according to research from IC Select.
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NewsProfessional trustee board appointments increase 60%
On the go: The number of schemes appointing professional trustees is on the rise, with almost half of pension fund boards now having such arrangements, which compares with one in five schemes five years ago, according to LCP.
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NewsAon and WTW cancel $30bn mega-merger
On the go: Aon and Willis Towers Watson have abandoned their planned $30bn (£21.7bn) merger after an intervention from the US Department of Justice.
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NewsEastman schemes appoint WTW as fiduciary manager
On the go: The Eastman Chemical Company’s three UK defined benefit pension schemes have selected Willis Towers Watson as their fiduciary manager and awarded a combined actuarial and administration services contract to WTW’s OneDB service.
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NewsIndustry focus shifts toward the ‘S’ in ESG
Three quarters of Pensions and Lifetime Savings Association members intend to review their social policy in the coming year, according to its response to the government’s consultation focusing on social risks and opportunities for occupational pension schemes.
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NewsCAB International scheme hires Aon as administrator
On the go: The £60m defined benefit section of the CAB International Pension Scheme has hired Aon to provide administration services.
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NewsDover Harbour scheme appoints fiduciary manager
On the go: The £221m Dover Harbour Board Pension and Life Assurance Scheme has appointed River & Mercantile to handle its assets via a fiduciary management mandate following a search conducted in September last year.
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NewsWR Swann pension scheme appoints fiduciary manager
On the go: The £40m defined benefit scheme for WR Swann, part of Swann-Morton, a Sheffield-based manufacturer of surgical equipment, has appointed Aon as its fiduciary manager.
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NewsFiduciary managers survive Covid scare with strategies intact
On the go: Most fiduciary managers had positive returns in 2020 without needing to change their investment strategies in light of the Covid-19 pandemic, analysis from XPS has shown.
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OpinionInvestment oversight – trustees should ‘mind the gap’
IC Select managing director Peter Dorward outlines how trustees need to increase the oversight of their investment consultants and fiduciary managers in a way to comply with new regulations.
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OpinionThe defined benefit trustee cost challenge
Isio director Iain McLellan details how defined benefit scheme trustees should spend their increasingly constricted budgets to ensure good governance, and why sponsors should invest in their own scheme’s trustee board.
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NewsEngagement drives progress to ‘net-zero’
On the go: Engagement has been key to embedding sustainability across investment strategies, and driving progress towards a “net-zero by 2050 target”, according to a new report from Kempen Capital Management.