By Venilia Amorim2021-05-28T13:45:00+01:00
Recent research conducted by consultancy Isio has found that all fiduciary managers participating in its survey in the UK underperformed their return objectives, however, most outperformed the low governance option.
The CFA Institute’s Global Investment Performance Standards (GIPS) for fiduciary managers, approved by the Competition and Markets Authority (CMA) in December 2019, help pension fund trustees select and monitor fiduciary managers by enabling performance comparison, allowing for variables such as return targets and hedging levels.
The CMA has also mandated fiduciary managers to provide this information to trustees when considering fiduciary management as an option.