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ARTICLE · 13 SEPTEMBER 2022

The Pensions Brief: August 2022

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The guidance has been updated to reflect the integration of the Competition and Markets Authority (CMA)'s remedies on investment consultancy and fiduciary management into pensions law.

United KingdomEmployment and HR
Andrew Block
Andrew Block
Katherine Carter
Katherine Carter
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Issues affecting all schemes

Investment consultancy and fiduciary management – guidance

The Pensions Regulator has updated its guidance for trustees on their obligations in relation to:

The guidance has been updated to reflect the integration of the Competition and Markets Authority (CMA)'s remedies on investment consultancy and fiduciary management into pensions law. The Regulator has also added two new appendices to the fiduciary management guidance that set out how trustees can assess the performance of fiduciary managers using Global Investment Performance Standards developed specifically for pension schemes and approved by the CMA.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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