Mark Austin, Northern Trust | Nikesh Patel, Van Lanschot Kempen | Anne-Marie Gillon, IC Select Ltd | Brendan Maton, IPE
In the UK, post the Competition and Markets Authority (CMA) review of the fiduciary market, the trustee buyers have focused on the process of market testing on a periodic basis, the use of third party evaluators and on ensuring separation between investment and advisory business. But does this miss the area of both independence of reporting and oversight and leave Trustees in some models overly reliant on the fiduciary provider?
Is there a real case for Trustee boards to think more about evidencing greater independent oversight and control of assets while using a fiduciary platform and should more thought should be given to what happens when they want to review or change their manager?
Did events of last year throw up any challenges to some fiduciary models that need to be taken into account and addressed?
– Mark Austin, Pensions and Insurance Executive, Europe, Northern Trust
– Nikesh Patel, Managing Director, Head of Client Solutions UK, Van Lanschot Kempen
– Anne-Marie Gillon, CFA, Director, IC Select Ltd
Moderated by: Brendan Maton