Seeing the full picture within Fiduciary Management
Fiduciary management is one of the fastest growing areas within the UK defined benefit (DB) pensions industry. Since coming to the UK over a decade ago, the solution has evolved significantly and is set to continue in the future. The changes we’ve seen have been within three main areas:
Choice: the number and range of fiduciary solutions (and their flexibility) has increased & is now suitable for schemes of ALL sizes. Trustees now using rigorous selection processes to pick a provider that’s right for them
Transparency: greater levels of transparency being seen, especially around areas of key areas of fees and performance. My previous blogs have explained how trustees can push for greater disclosure from their providers
Outcomes: strong performance & high satisfaction levels is leading to high demand for fiduciary management. Continuous evolution of the approach is leading to incorporation of longevity solutions and application into a DC world
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