Barnett Waddingham, a UK-based provider of actuarial, administration and consultancy services, has launched a new fiduciary management oversight service.
This bespoke service is designed to give trustees confidence in their fiduciary management arrangement by leveraging off Barnett Waddingham’s independence and investment expertise. The core service areas offered include; fiduciary manager selection, overseeing the setting of the fiduciary mandate and monitoring fiduciary manager performance.
Barnett Waddingham Partner, David Clare, says: “Barnett Waddingham are not entering the market as a provider of fiduciary management services, as we believe we can best meet our clients’ needs by remaining truly independent from asset management decision making. It is effective decision making at the strategic level which will have the biggest influence on investment outcomes, and we strongly believe that trustees can achieve this through an independent advisory framework.
“That said, we recognise that in particular cases fiduciary management can provide the right fit. In these cases, having in place an independent oversight arrangement creates a positive environment for challenging the fiduciary manager which, in turn, goes some way to restoring impartiality in the management of the pension scheme assets. Our independence and investment expertise means we are perfectly placed to offer this service.”