An eleven-strong industry group has been formed to help develop a fiduciary management performance standard.
IC Select has developed a standard to improve transparency and consistency of performance information across the fiduciary management sector.
As the fiduciary management market continues to grow Lynn Strongin-Dodds looks at how schemes can measure their manager's performance.
IC Select has beefed up its stewardship service to help trustees monitor their fiduciary managers and run their schemes.
The UK Power Networks Pension Scheme has appointed SEI to act as fiduciary manager for its defined benefit (DB) section and investment adviser on its defined contribution arrangements.