Abstract
This article focuses on the development of outsourcing arrangements by pension trustees, evolving from different types of providers into what is commonly known today as fiduciary management. This evolution is put into a historical context, with its beginnings in the United States, progression in the Netherlands and its expansion in the United Kingdom. Trustee attitudes over the past decade are examined, with an observation that there is almost begrudging acceptance in 2011 that the approach may have some relevance in the management of today's UK corporate pension schemes. The pros and cons of this solution are explored, including the difficulties associated with appointing a fiduciary manager, and the importance of good governance, monitoring and challenge. Finally, the reader is asked to ponder on the changing business model of the investment consultant and to reflect on the importance of an emerging role for the non-conflicted, independent investment adviser.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
