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ARTICLE · 05 FEBRUARY 2019

Fiduciary Management: Improvement Through Competition?

Gowling WLG
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If so, you should already be considering the implications of the Competition and Markets Authority's final report into the investment consultants market.

United KingdomEmployment and HR
Jason Coates
Jason Coates
Sarah Tate
Sarah Tate
Glyn Ryland
Glyn Ryland
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Have you ever considered using fiduciary management services?

  • Does your scheme have a fiduciary manager?
  • Are you considering appointing or replacing a fiduciary manager?

If so, you should already be considering the implications of the Competition and Markets Authority's final report into the investment consultants market. The new requirements arise from concerns around the operation of the £1.6 trillion market for managed investments.

New rules are expected to come into force in late 2019. These will require trustees who appoint fiduciary management services for their scheme's assets to run a competitive tender process in respect of the appointment.

If you are considering appointing or replacing your provider, act now to ensure you are not storing up trouble for the future.

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