Fiduciary
oversight
Pensions & benefits
We provide unconflicted advice on fiduciary solutions, to help ensure that your arrangements are appropriate for you, and provide you with value for money.
Fiduciary management has been a growing part of the investment landscape for pension schemes. It involves delegating some of your investment decisions, such as asset allocation and fund selection, to an investment manager within the constraints that you set.
Outsourcing a greater amount of your investment decision-making can be attractive in order to free up trustee time to focus on other matters. However, the costs may be higher than under “traditional” advisory arrangements, and fiduciary solutions may involve more complex underlying investments which could be difficult or expensive to unwind, leading to potential issues in future.
Fiduciary managers are conflicted when it comes to advising on the appropriateness of the fiduciary management for your scheme, and on selecting and monitoring the fiduciary manager. An independent consultant can help trustees with these decisions.
How we can help
LCP does not offer fiduciary management. We provide independent advice to over 300 pension schemes and are therefore ideally placed to help you understand the pros and cons of fiduciary management compared with other governance solutions. As such we can provide an objective view on whether fiduciary management is appropriate for you, and if so help you select the appropriate manager from the wide range of approaches, and help you monitor your manager going forwards.
We provide ongoing fiduciary oversight to both pension schemes and charities (for both full and “partial” fiduciary arrangements), helping ensure that the fiduciary managers are performing in line with expectations, and helping our clients get the best value for money.
We believe that our independence and size means that we are ideally placed to provide clear, impartial advice on fiduciary arrangements, with a full understanding of the complex underlying strategies and the alternatives that are available to you.
How we have helped our clients
Our Fiduciary oversight experts
Our latest thinking
Fiduciary management survey - impact of CMA-led retendering
Following the 9 June deadline for many schemes to retender their fiduciary management mandate, as required by the CMA Order, we surveyed 16 fiduciary managers to understand what the outcome of those retender exercises has been.
Are you ready for the CMA June 2021 fiduciary retender deadline?
While it might be tempting to opt for a quick box-ticking exercise when it comes to a review, we think there are three important questions you should be addressing.
Meet the team
Fiduciary management is a hot topic, and has been a focus of the recent CMA review. We ensure that clients fully understand the pros and cons, and help them to put in place the right arrangements for their needs
We help you make important investment decisions, and make sure that your investments are performing as you need them to.
We help you get your investment strategy right to ensure good member outcomes in your DB and DC schemes.
Our intuitive, real-time pensions technology allows you to see the information you need when you need it, helping you to make decisions.
We help our clients identify technological and data led solutions to solve the issues they face. From risk modelling for pension clients to providing insight to the energy market, we use the latest cutting-edge technology to help clients make better and more informed business decisions.