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Darren Philp, Director of Policy and Market Engagement at The People’s Pension has commented on fiduciary management in a piece for Pensions Insight.
Fiduciary management is where a pension scheme’s trustees outsource the management of their scheme, or part of their scheme, to a third party.
Discussing DB funds, Darren said:
“fiduciary management can have a role to play when trustees are grappling with difficult decisions.”
In these DB schemes there is a “real relationship between the employer and the trust,” and because the trust is dependent on contributions from the employer, the employer is taking on some of the investment risk.
-ENDS-