Fiduciary management

Respondents were split in this week's Pensions Buzz on whether the £1m maximum penalty for failing to notify The Pensions Regulator (TPR) of certain corporate events was appropriate.

Donny Hay says a simple section 36 letter could reassure trustees over their fiduciary manager selection.

The investment consultant and fiduciary management market "may not be working well for pension schemes which are not engaged", the Competition and Markets Authority (CMA) has said.

The Competition and Markets Authority (CMA) has published three working papers as part of its probe into investment consultants and fiduciary managers - saying it has no concerns over concentration in these markets.

The Pensions Management Institute (PMI) is modernising through its aim to provide members access to 'core insight' by forming industry partnerships with organisations, writes Victoria Ticha

In this week's Pensions Buzz, we want to know whether you believe defined benefit (DB) 'superfund' consolidators will take off, and if there will be further consolidation of local government pension scheme pools.

Stephanie Baxter says the IC Select performance standard is an important step towards greater transparency, but wonders if it goes far enough

IC Select has appointed Donny Hay as a director as it seeks to develop its business further alongside a new disclosure standard.

A ground-breaking disclosure standard to help trustees compare fiduciary managers in the selection process has been unveiled, putting an end to three years of talks.

The time and costs involved in the process of tendering and/or switching a fiduciary manager can be 'considerable' and may make it more difficult for schemes to assess value for money and switch provider.