United Kingdom

Details

  • Service: Tax, Pensions
  • Type: Survey report
  • Date: 21/11/2011

2011 KPMG Fiduciary Management UK Market Survey 

 
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  • The first comprehensive review of the UK fiduciary management finds that the market currently stands in excess of £40bn, which equates to c. 4 percent of total UK pension scheme assets under management (“AUM”), with over 200 pension scheme mandates; according to KPMG
  • Implemented consultants dominate the market by AuM and number of clients - with the majority of appointments being made without consulting alternative providers or considering the wider market
  • Performance measurement, benchmarks and fee structures vary widely and with each provider adopting their own approach, there is little consistency within the market
  • After a period of initial growth in this market, there is now uncertainty around the future prospects for FM with provider expectations of future market growth varying significantly