Fiduciary Investment Management

Services for Trustees

Our approach to Fiduciary Management

Fiduciary Management is becoming increasingly popular with UK pension schemes. In Spence’s fiduciary arrangement, the trustees make the high-level decisions around strategy and any potential de-risking trigger structures with our help and then delegate to us to implement the agreed strategy. They also delegate the role of monitoring and maintaining the strategy.

  • In practice, this means that if we wish to remove and replace a manager, we can do so straightaway.
  • Likewise, if we wish to re-balance or change the asset allocation for any other reason, we can do so within the parameters agreed, without necessarily waiting for trustees to make a formal decision.
  • Also, if a trigger structure to de-risk (or re-risk) has been put in place, the structure can be monitored and maintained by us and implemented quickly if a trigger is hit.

Here at Spence we use an investment platform for fund administration. This allows for quick implementation of any changes.  Also, by using a platform, funds can be aggregated so achieving underlying manager savings due to many reasons including bulk purchasing power.  In practice this means that asset switches can happen in a matter of days rather than months. 

There can be a lot of flexibility in our offering with trustees retaining control of certain aspects if they require.  For example, rather than replacing a manager if downgraded, the views of trustees could be sought before possible replacement.  Likewise, if de-risking triggers are used, rather than automatically de-risking trustees could be advised when a trigger is hit, and they can decide whether or not to de-risk.

Spence & Partners Limited is authorised and regulated by the Financial Conduct Authority in the conduct of investment business.

Get in touch to find out more

To discuss our investment services in more detail please fill out the form below with details or contact Simon Cohen, Head of Investment Consultancy.

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Our investment services


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