Aimée Denham
8 October 2025
Fiduciary management
Meet our fiduciary manager specialists
The use of fiduciary management by pension schemes is growing but its a market that’s suffered from conflicts of interest. Many pension trustee boards want help to improve knowledge and run competitive tenders for fiduciary manager selection that meet Competition and Markets Authority (CMA) requirements.
The decision on a fiduciary manager is important – getting it wrong can be costly. Our team give you the confidence to make the right choice. requirements.
Our team are experienced in asking consultants and providers in the fiduciary manager market the right questions, challenging where needed, to provide your board with the information you need.
We have independent trustee appointments where we have fiduciary managers in place and others where we have the traditional consulting model. With no fixed view either way and complete independence, this means we can help other pension trustees understand what is right for them by sharing our knowledge.
Pension trustee considerations
Fiduciary management is a complex area, with different types of provider offering varying strengths and weaknesses. Without expert knowledge, it can be hard to be sure you’re buying what you think you’re buying.
Pension trustee considerations
Our independent team help pension trustees work through all the important considerations, eg:
Fiduciary management is a complex area, with different types of provider offering varying strengths and weaknesses. Without expert knowledge, it can be hard to be sure you’re buying what you think you’re buying.
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Does the current governance framework optimise investment performance and progress along the pension scheme’s journey plan?
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Can current issues be fixed with a better investment consultant or improved governance?
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Is the sponsor supportive of fiduciary management?
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Are they aligned on risk and hedging parameters?
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What do the trustees want to achieve?
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Are trustees ready to outsource investment decisions?
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Have the trustees agreed their investment beliefs?
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Competitive tenders for fiduciary managers
Following a CMA investigation, pension trustees are required to put fiduciary mandates out to tender if:
Our service helps you:
address all the trustee considerations
understand the difference between providers
compare fiduciary manager performance effectively
ensure all CMA tender requirements are met
compare fiduciary management pricing effectively
select the best fit provider for your particular needs
We also offer specialist trustee training on fiduciary management and other areas of pension scheme investment.
This case study looks at how our independent fiduciary manager selection process helped the pension trustees gain valuable knowledge and increased confidence in the journey plan for both the trustee board and employer.
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