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Fiduciary Management Consulting

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:

  1. We provide ongoing advice on the effectiveness of existing fiduciary manager arrangements. This independent reporting explores the effectiveness of the fiduciary manager, examining risk and performance analysis, ongoing tracking against the longer term objective and value for money.
  2. We conduct selection exercises for Fiduciary Managers recognising the need to get the right fit for the client. Furthermore we analyse, negotiate and provide investment advice on legal agreements and fees.

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.

Key contact

  • Wayne Davidson
    +44 20 7303 4562
  • Richard Slater
    +44 131 535 7602
  • Alistair Sutherland
    +44 131 535 7624

Useful links

  • Meet the team
  • Submit a request for proposal
  • Contact us
  • Careers
  • Return to Pensions Advisory homepage
  • Return to Actuarial & Pensions homepage

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