Peter Dorward

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 half of fiduciary managers that have not yet submitted initial data for the IC Select industry performance standard now face a set deadline of 28 February.

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.