mast image

Special Report

Impact investing

Sections

Credit crunch to boost fiduciary offering

Related images

  • Credit crunch to boost fiduciary offering

EUROPE - UK pension fund assets run by fiduciary managers could reach £300bn by 2012, up from £2bn today, if the experience in the Netherlands is repeated, predicts Andrew Dyson, Blackrock's head of international institutional business.

Assessing the outlook for pensions in 2009, Dyson claimed the credit crisis demands the emergence of new trustee models which are better suited to handle changing markets and deliver more oversight, while watching pension funds' pennies more efficiently.

"A new trustee model is likely to emerge including partial or full fiduciary management and independent advice," suggested Dyson.

Blackrock, which has been trying to push deeper into the fiduciary space in the past year, added: "This model is better suited to handle increasing complexity and a swift response to changing markets, without overloading trustees."

Dyson said 2009 will also see further convergence in the roles of consultants and investment mangers, along with increased scrutiny of the organisational stability of asset managers.

If you have any comments you would like to add to this or any other story, contact Carolyn Bandel on +44 (0)20 7261 4622 or email carolyn.bandel@ipe.com

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Here
<