Supplement: Fiduciary management - Enter the second wave.

Pensions Week, June, 2009

The recent financial crisis has once again highlighted the vulnerability of funded pension systems to adverse financial market developments and showed that trustees need to be flexible in order to cope with such shocks. The crisis is acting as a catalyst, with trustees posing fundamental questions regarding the effectiveness and professionalism of their organisations, investment beliefs and risk cultures. The outsourcing and in-sourcing of risk management and investment services through some form of fiduciary management, implemented consulting, solvency and overlay management, is being considered by many pension funds.

There is a risk that the majority of organisational restructurings with external parties will fail to yield the desired results. However, the...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.