Fiduciary management

Schroders has restructured its UK institutional business in a bid to strengthen focus on its fiduciary management business.

The Pensions and Lifetime Savings Association (PLSA) has urged the Financial Conduct Authority (FCA) to refer the investment consulting market for a competition investigation.

Fiduciary management is undoubtedly a sound product - and can help many trustee boards speed up decision- making, bolster effectiveness and improve outcomes.

The T-Mobile International UK Pension Scheme has appointed BlackRock as its first fiduciary manager after an open tender.

Veolia UK Pension Trustees has announced it has appointed Schroders to be the fiduciary manager for its largest defined benefit schemes, which have a combined asset value of £880m.

The investment platform market is undergoing an upheaval with Willis Towers Watson entering the marketplace. Stephanie Baxter expects an industry-wide shake-up that could lead to more innovative solutions for DB schemes.

Aon Hewitt has introduced a service so small defined benefit (DB) schemes can access fiduciary management.

The top three consultants have put together a package of measures designed to increase transparency and competitiveness in the consultancy and fiduciary management markets. Helen Morrissey gets the industry response

Aon Hewitt, Mercer and Willis Towers Watson have joined forces in calling for measures to tackle transparency and competition issues raised by the Financial Conduct Authority (FCA).

Aon Hewitt has named William Parry as a senior consultant in its fiduciary management business in a continued expansion of the team.