Five years since mandatory tendering came into force for fiduciary management, two reports set out how providers have performed and how they are positioning for current and future challenges.
Many model growth portfolios used by fiduciary managers outperformed the actual portfolios run on behalf of pension scheme clients, a new report shows.
The Pensions Investment Review will not undermine freedom of investment choice, nor will it threaten fiduciary duty, according to the person overseeing the project for the Treasury.
Centrica will pay around £30m a year less into its defined benefit pension schemes as a result of a significant reduction in the overall deficit.
Ongoing tariff negotiations and the Autumn Budget are among the risks trustees must navigate over the coming months, as well as ongoing discussions around surplus release.
The anticipated overhaul of DC pension schemes through the Pension Schemes Bill could see a majority of employers make changes to their provision, research indicates.
Government claims reforms will deliver ‘more money in people’s pockets’, but experts say success hinges on execution of value-for-money regime.