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Fiduciary management news
XPS urges fiduciary manager reviews as more DB schemes consider run-on
Improved funding levels and changing DB endgames are altering what schemes need from their fiduciary managers, according to XPS Group.
Investment latest: USS acquires rail company; Insight nets £1bn mandate
USS has agreed to take over a rail freight company, while Insight is to help facilitate surplus sharing through a £1bn mandate with an unnamed DB pension scheme.
Endgame delays could cost schemes millions in surplus, claims fiduciary manager
Van Lanschot Kempen argues that delaying decisions on endgame options could mean schemes miss out on potential investment returns that could in turn boost surplus release payments.
British Coal scheme appoints BlackRock for £8bn fiduciary mandate
The world’s largest asset manager has secured the fiduciary management mandate for the British Coal Staff Superannuation Scheme as it continues to mature.
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Latest news from across Pensions Expert
Fiduciary duty: Trustees urged to make best decisions, not ‘least challengeable’
Proposed guidance will not replace or alter the underlying principles of trustees’ fiduciary duty but will instead give trustees more clarity on what they can take into account when making investment decisions.
Insurers urged to give more information on post-deal customer service
LCP and Law Debenture are calling for insurers to disclose comparable data around customer service and administration to help trustees make decisions on bulk annuity transactions.
Retirees ‘could lose out’ through guided retirement without strong defaults
As policymakers continue to develop legislation around guided retirement and default solutions, behavioural research indicates that care must be taken in product design.