Investment consultants market investigation

As pension schemes grapple with new fiduciary management and investment consulting rules, Charlotte Moore asks what trustees need to do

As The Pensions Regulator’s consultation on investment governance guidance closes, Holly Roach looks at the industry’s response.

Pension funds that decide to invest in standalone fiduciary management funds are being reassured that they will not be subject to mandatory tendering requirements.

Trustees risk leaving their scheme ungovernable if they do not get in place strategic objectives for investment advisers, warns John Paterson.

Local Government Pension Scheme (LGPS) funds must set investment objectives after the competition watchdog expanded those caught by its market investigation, but more clarity is needed, Hymans Robertson has said.

The Competition and Markets Authority (CMA) has issued a legally-binding order in a bid to help pension trustees make better decisions for the £1.6trn of retirement assets they oversee.

This week's top stories included warnings that defined benefit (DB) transfers could become more difficult for trustees to process after regulatory register changes.

The government will proceed with a range of changes to the investment consultant and fiduciary management markets as recommended by a major competition review.

The Competition and Markets Authority (CMA) has taken its first steps towards imposing a suite of remedies for the investment consulting and fiduciary management markets.

KPMG has introduced ratings for fiduciary management products and managers, mirroring its current approach with other investment manager funds.