Briefing: UK fiduciary management

In a recent article in IPE, SECOR’s Head of Client Advisory, Kam Chang, comments on the UK fiduciary management space and the demand for more flexible governance models.

A spectrum of fiduciary models is possible: Chang says that fiduciary management does not have to be “all or nothing”, and outsourcing can be tailored to suit each scheme.

He says: “We are seeing increasing demand, particularly from larger schemes, for partial fiduciary management arrangements that offer a more flexible governance model. These can vary in structure, with some approaches separating the advice and implementation elements, and other models allowing trustees to retain control over the more important investment decisions such as strategic asset allocation.”