What's Happening?
Quantum Advisory has released its latest Fiduciary Management Dashboard, revealing trends in the pensions fiduciary market as of June 2025. The report indicates growth in assets under management, with larger pension schemes increasingly adopting Fiduciary Management (FM) or Outsourced Chief Investment Officer (OCIO) models. Notable new mandates include those for the Aga Rangemaster Group Pension Scheme and the Plumbing and Mechanical Services UK Industry Pension Scheme. The total assets for UK defined benefit pension schemes now stand at £114 billion, with additional growth expected from the Shell Pension Fund's move to fiduciary management. The report also notes that while new FM mandates have grown modestly, the demand for fiduciary solutions remains strong.
Why It's Important?
The shift towards fiduciary management models in the pensions market reflects a broader trend of seeking professional management to navigate complex investment landscapes. This trend is particularly relevant for larger pension schemes looking to optimize returns and manage risks effectively. The growth in fiduciary management indicates a demand for specialized expertise in handling pension assets, which could lead to increased consolidation and professionalization within the industry. As market complexity increases, the role of fiduciary managers becomes crucial in ensuring the financial stability and sustainability of pension schemes.
