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ARTICLE · 01 JULY 2014

Oversight Or Fiduciary Managers

McCarthy Tétrault
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Some employers sponsoring large and/or multiple registered pension plans have recently begun outsourcing most, if not all of the investment functions.

CanadaEmployment and HR
Lorraine Allard
Lorraine Allard
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There is a new kid on the block.

Some employers sponsoring large and/or multiple registered pension plans (RPPs) have recently begun outsourcing most if not all of the investment functions that are typically handled in-house. The reasons motivating this is a perceived lack of internal resources and expertise to effectively deal with an increasingly complex investment universe. The first component of this type of outsourcing is the selection of what is known as an "oversight" or "fiduciary" manager (Manager).

Origins and Nature of Investment Outsourcing

Investment outsourcing first began in the Netherlands and the UK a few years ago. It has since spread to the US, and now to Canada.

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