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Fiduciary Management Oversight

Get the investment service your scheme deserves.

Independent Oversight for Better Fiduciary Management

Fiduciary management is extremely complex. Trustees need to ensure that their manager is carrying out the work which is most suitable to their scheme’s circumstance and objectives, and that the management approach continues to be fit for purpose.

The Regulator’s general code of practice and the Competition and Markets Authority (CMA) encourages greater governance around investment. This is particularly important around fiduciary management.

One area the Regulator’s code highlights is the need to manage conflicts of interest. Fiduciary management offers both asset management and investment consulting in a bundled offering; therefore, fiduciary managers are evaluating and reporting on their own performance. There are also other areas of conflict where decisions delegated to managers may lead them to making decisions that are more in their interests rather than your interest, for example when making new investments.

An independent review and oversight of your fiduciary manager helps identify these potential conflicts of interest and comes up with ways to address them.

Fiduciary manager evaluation

Providing an independent initial assessment of your manager.

Ongoing fiduciary management monitoring

Ongoing monitoring and assessment of your manager.

Strategic advice

Providing independent strategic advice if the manager is only providing implementation services.

Fiduciary manager oversight

What to expect from Spence

Unique experience

Our team have profound knowledge of fiduciary management. They have been involved in extensive research of the fiduciary market as well as designing fiduciary review services.

True independence

We review the market, your fiduciary management service and current investment strategy to provide a truly independent and impartial evaluation of whether you are currently receiving a suitable, efficient and valuable fiduciary management service.

As well as an initial assessment, we can also provide ongoing research and monitoring of the manager. This means you can continue to challenge and improve your fiduciary management service and your investment market performance.

Integration

Our investment and actuarial and administration teams are fully integrated.

Working from the same system we can produce cashflows to help fiduciary managers structure hedging solutions, simplifying how they deliver the service, cutting waste and providing a more cyber secure environment.