Fiduciary management

With fiduciary mandates on the rise and managers in the spotlight after the FCA's asset management study, James Phillips explores what trustees want from them.

The trustee of the IPC Media Pension Scheme has appointed BlackRock as fiduciary manager to run around £600m of assets.

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