{"id":10412,"date":"2023-11-29T11:24:45","date_gmt":"2023-11-29T11:24:45","guid":{"rendered":"https:\/\/www.isio.com\/?post_type=insight&#038;p=10412"},"modified":"2024-01-31T15:32:47","modified_gmt":"2024-01-31T15:32:47","slug":"isio-fiduciary-management-survey-2023","status":"publish","type":"insight","link":"https:\/\/www.isio.com\/insights\/isio-fiduciary-management-survey-2023\/","title":{"rendered":"Isio Fiduciary Management Survey 2023"},"content":{"rendered":"\n<section class=\"text-wrapper text-block  medium-width \">\n    <div class=\"container\">\n        <div class=\"acf-innerblocks-container\">\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.isio.com\/app\/uploads\/2023\/11\/isio-latest-trends-in-fiduciary-management-survey-2023.pdf\">Download and read the full survey results<\/a><\/div>\n<\/div>\n\n\n\n    <div class=\"spacer bg-white tiny\"><\/div>\n\n\n\n\n<p>Over 2023, the consequences of the gilts crisis has presented even greater challenges for fiduciary managers and the wider pensions industry. During September and October 2022, gilt yields increased at an extraordinary pace following the UK government\u2019s mini-budget announcement.<\/p>\n\n\n\n<p>This unprecedented event had a large-scale impact on the industry, arguably changing the industry forever. As all UK pension schemes faced investment challenges from this backdrop, how fiduciary management both helped and hindered has been a key theme of the year.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-key-messages-throughout-the-survey\">Key messages throughout the survey:<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Growth in the number of FM mandates&nbsp;has&nbsp;been muted and Assets under Management has decreased materially over 2023<\/li>\n\n\n\n<li>Lower return targets&nbsp;are now most common, with Liabilities +0.5% &#8211; 1.5%&nbsp;per annum the most popular, redirected focus on FM\u2019s insurance and end game planning capabilities<\/li>\n\n\n\n<li>A material change in&nbsp;fee structure&nbsp;across the market,&nbsp;prompted by the pressure of deteriorating asset values and rising cost inflation<\/li>\n\n\n\n<li>Notable shift in&nbsp;target portfolios&nbsp;towards liquid assets and equities in particular, to drive return<\/li>\n\n\n\n<li>An increase&nbsp;in the use of third party evaluators to review fiduciary managers<\/li>\n<\/ul>\n\n\n\n    <section class=\"bg-white py-12 lg:py-28 \">\n        <div class=\"sm:container\">\n            <div class=\"heading text-center mx-5 sm:mx-0\">\n                <h2 class=\"text-brandGreen-100 font-semibold text-4xl md:text-5xl mb-14\">Watch the highlights video<\/h2>\n            <\/div>\n            <div class=\"videoWrapper\">\n                <iframe loading=\"lazy\" title=\"Isio FM Survey 2023 Highlights\" src=\"https:\/\/player.vimeo.com\/video\/886513518?dnt=1&amp;app_id=122963\" width=\"889\" height=\"500\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe>            <\/div>\n            <div class=\"container py-16 grid grid-cols-2 md:grid-cols-4 gap-8\">\n    <\/div>\n\n        <\/div>\n    <\/section>\n\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n\n\n        <section class=\"bg-grey-dient\">\n            <div class=\"pt-20\">\n                <div class=\"container grid md:grid-cols-2 md:gap-36\">\n                    <div>\n                        <h2 class=\"text-brandGreen-100 text-[2.875rem] font-semibold mb-12 leading-[4.25rem] md:text-[4.75rem]\">Get in touch                        <\/h2>\n                    <\/div>\n                    <div>\n                        <p class=\"text-black text-[1.1875rem] font-normal mb-4\"><\/p>\n                    <\/div>\n                <\/div>\n            <\/div>\n\n\n            <div class=\"container hidden md:block pt-16 pb-10\">\n        <div class=\"flex flex-row justify-start\">\n                <div class=\"text-black transition-opacity duration-500\">\n                    <img decoding=\"async\" class=\"h-72 w-72 mx-auto rounded-full max-w-none mb-5 object-cover\" src=\"https:\/\/www.isio.com\/app\/uploads\/2023\/11\/Paula-Champion.jpg\" alt=\"Image\">\n                    <strong class=\"text-brandGreen-100 text-[1.175rem] font-medium\">Paula Champion<\/strong>\n                    <p class=\"text-black text-lg font-light mb-2\">Partner &#038; Head of Fiduciary Management Oversight<\/p>\n                    <p class=\"text-black mb-3\"><\/p>\n                    <p class=\"text-black text-lg font-light\"><\/p>\n                    <a class=\"text-brandGreen-100 block hover:underline text-lg font-light\" href=\"mailto:paula.champion@isio.com\">paula.champion@isio.com<\/a>\n                    <a href=\"https:\/\/www.isio.com\/person\/paula-champion\/\" class=\"mx-auto btn-primary btn-outline mt-10\">See full profile<\/a>\n                <\/div>\n            <\/div>\n        <\/div>\n        <\/div>\n\n\n\n\n            <div class=\"hidden md:block container text-center pt-5 md:pb-40\">\n            <a class=\" mx-auto btn-primary \" href=\"\/our-people\">Our people<\/a>\n        <\/div>\n        \n\n\n    <\/section>\n    \n    <section class=\"md:hidden bg-grey-dient pt-10\">\n    \n    <div class=\"container quoteSwiper overflow-hidden\">\n                <div class=\"flex justify-center w-full pt-16\">\n        <div class=\"\">\n                <div class=\"text-black transition-opacity duration-500 flex flex-col justify-center\">\n                    <img decoding=\"async\" class=\"h-72 w-72 mx-auto rounded-full max-w-none mb-5 object-cover\" src=\"https:\/\/www.isio.com\/app\/uploads\/2023\/11\/Paula-Champion.jpg\" alt=\"Image\">\n                    <strong class=\"text-brandGreen-100 text-[1.175rem] font-medium\">Paula Champion<\/strong>\n                    <p class=\"text-black text-lg font-light mb-2\">Partner &#038; Head of Fiduciary Management Oversight<\/p>\n                    <p class=\"text-black mb-3\"><\/p>\n                    <p class=\"text-black text-lg font-light\"><\/p>\n                    <a class=\"text-brandGreen-100 block hover:underline text-lg font-light\" href=\"mailto:paula.champion@isio.com\">paula.champion@isio.com<\/a>\n                    <a href=\"https:\/\/www.isio.com\/person\/paula-champion\/\" class=\"mx-auto btn-primary btn-outline mt-10 items-center \">See full profile<\/a>\n                <\/div>\n            <\/div>\n        <\/div>\n                 \n        \n    <\/div>\n\n            <div class=\"md:hidden container text-center mt-20 mb-8\">\n            <a class=\" mx-auto btn-primary \" href=\"\/our-people\">Our people<\/a>\n        <\/div>\n        \n<\/section>\n\n\n\n        \n\n\n<div class=\"get-in-touch md:h-[250px] bg-no-repeat bg-bottom xl:bg-left-bottom bg-brandGreen-light py-14 md:py-0\">\n\t<div class=\"container text-white flex flex-col md:flex-row items-center space-between h-full\">\n\t\t<div class=\"flex flex-col xl:flex-row items-center md:items-start xl:items-center\">\n\t\t\t<h2 class=\"text-left text-5xl xl:basis-[400px] mb-8 xl:mb-0\">Get in touch<\/h2>\n\t\t\t<p class=\"text-2xl px-5 md:px-0 xl:basis-[320px] mb-6 md:mb-0\">Talk to us today to see how our bolder thinking can get you better results.<\/p>\n\t\t<\/div>\n\t\t<div class=\"flex flex-col xl:flex-row items-center\">\n\t\t\t\t\t\t\t<a href=\"tel: +44 (20) 7123 6000\" class=\"xl:w-[280px] font-semibold text-[26px] whitespace-nowrap\">+44 (20) 7123 6000<\/a>\n            \t\t\t                <a class=\"btn-primary btn-white whitespace-nowrap mt-6 xl:mt-0\" href=\"https:\/\/www.isio.com\/contact-us\/\" >Get in touch<\/a>\n                \t\t<\/div>\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Enplan, operated by Entrust and Isio, is introducing a new innovative investment service to its clients through Schroders to enhance its operational consolidation solution for defined benefit (DB) pension schemes.<\/p>\n","protected":false},"author":4,"featured_media":9899,"template":"","meta":{"_acf_changed":false,"footnotes":""},"insight-category":[22],"class_list":["post-10412","insight","type-insight","status-publish","has-post-thumbnail","hentry","insight-category-investments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Isio Fiduciary Management Survey 2023 - Isio<\/title>\n<meta name=\"description\" content=\"This survey presents the latest trends in fiduciary management. 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