Impartial, comprehensive fiduciary oversight expertise brings peace of mind that you’re getting the best out of your arrangements.
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Fiduciary management is when trustees delegate certain investment decision-making powers to a third party. This could include selecting investment managers or asset allocation decisions.
It’s grown in popularity over recent years: recent data suggests that over 900 UK pension schemes (18%) currently use some form of fiduciary management.
Choosing the right governance and the right fiduciary manager, and making sure they’re performing as expected, is challenging.
To deliver on your pension’s promise you need to have good oversight, with a clear framework for monitoring your manager’s ongoing suitability.
We don’t compete with fiduciary managers, but we do excel at working with them.
Our fiduciary oversight service is more than a manager selection exercise with performance reviews. If you need to get up-to-speed on the basics, we run training sessions. We help set objectives to make sure your fiduciary mandate fits your needs and provide ongoing oversight to keep managers on track.
Our work draws on our independent heritage. With around 150 investment specialists in our extended team, we deal with the same issues as fiduciary managers, though in an advisory context. That means we know their business well. We know how to ask the right questions, of the right people, at the right time.
Our clients like the clarity we bring. We help them understand what drives risk and return, where the fiduciary manager has been successful, when the client retains decision-making and when it has been delegated.
The foundation of good fiduciary management oversight is broad investment experience and being able to work collaboratively with the fiduciary manager when action needs to be taken.
Find out more about our approach from Samora, Head of Fiduciary Oversight.
Our approach to manager research is driven by our core philosophy that deep understanding leads to better decisions and better outcomes.
Find out more about how we conduct manager research.
Our manager-selection process involves listening carefully to our clients and understanding their needs and what’s most important to them. We match what clients want to a shortlist of suitable fiduciary managers. This shortlist is based on our comprehensive research and deep understanding of the credible managers operating in the UK market.
Find out more about our manager selection process.
This episode of Hymans Robertson On... is the first of a two-part series exploring stewardship from a fiduciary manager’s perspective.
We look at how fiduciary managers decide engagement priorities, whether bespoke engagement is really possible for clients with different priorities and if divestment creates good outcomes.
The Statement is most relevant to schemes producing valuations at dates in the period from 22 September 2024 to 21 September 2025, which will be the first to be conducted under the Pension Schemes Act 2021 reforms and the new Funding Code of Practice. However, many of the themes will be of interest more widely.
Join Tom Hoare for a focused discussion with Rob Bilton and Chris Arcari to gain valuable insight around the the 2025 LGPS valuations
In this quarter's RI News and Views, we look at navigating the anti-DEI backlash.
The LGPS enters the 2025 valuations in a position of funding strength. However, uncertainty in the economic, demographic and political environment means it has been difficult to draw conclusions about what may happen to contribution rates at the 2025 valuation.
