Fiduciary Oversight
Our impartial and comprehensive fiduciary oversight expertise makes managing your fiduciary manager safe and straightforward.
The cornerstone of a conflict-free and comprehensive service
We don’t compete with fiduciary managers, but we do excel at working with them.
Our range of fiduciary oversight services is so much more than a buy list of managers. For starters, we can help you decide whether fiduciary management is right for your scheme.
If it is, we can support you throughout the process; from appointing the right manager using our benchmarking methodology that allows you to compare and rank fiduciary managers according to your requirements, to ongoing independent oversight and performance reviews.
Your challenge
How do you choose the right manager and then make sure they’re performing as expected?
To deliver on your pensions promise, you need to be confident that you have good governance in place and a clear framework for monitoring your manager’s ongoing suitability.
Good to know
We can answer all your questions without conflict. Unlike many of our peers, we're very clear that offering fiduciary management isn't for us.
We're committed to providing high-quality, independent, conflict-free fiduciary oversight. As independent advisers, we’re perfectly placed to make sure your fiduciary manager continues to deliver and provide value for money.
A unified team approach to navigating a new course
John Dickson, partner at Hymans Robertson, has worked with the Merchant Navy Officers' Pension Fund (MNOPF) since being appointed the scheme's fiduciary management oversight monitor in 2011.
Fiduciary management has many moving parts and MNOPF wanted an adviser to monitor its fiduciary manager's performance.
Successfully monitoring fiduciary management takes very careful handling and sensitivity. MNOPF was confident in our expertise in challenging providers on their strengths and weaknesses – and also the comfort and assurance that we will keep the trust of the fiduciary manager. That's because we're all part of the same team.
We were chosen because we demonstrated a keen focus on operational risk management, developed key performance indicators to measure the manager's performance and took an audit-style approach to flagging up risks to MNOPF.
Our work with MNOPF has been somewhat of a voyage of discovery for both us and them. MNOPF set the course, in what was a new and exciting environment, and we developed the framework to support their needs.
This was a groundbreaking appointment and our work with MNOPF is setting the standards for those who follow their example.