Fiduciary is a relatively new approach to managing the assets of UK Defined Benefit pension schemes. It involves the delegation of responsibilities to a fiduciary manager with the aim of managing assets in a more efficient manner. This can facilitate more efficient implementation of a strategy taking advantage of short term market opportunities and allowing decisions to be taken and implemented more quickly with clear accountability.
Corporate and trustee pension fund clients who have Fiduciary Management mandates or are considering this approach need to be sure they are getting the right structural fit, a top class service and paying a reasonable price for this. In our experience, within many non competitive mandates, clients are rewarding Fiduciary Managers not for skill but for taking market risk with client assets.
We provide two key services in this area:
We provide independent support and advice on all aspects relating to the appointment and monitoring of a fiduciary manager. Our practice has no fiduciary management or implemented consulting operations and we have no plans to establish any. We are therefore able to offer truly independent advice to our clients.