The great majority of fiduciary management mandates are still not subjected to independent performance scrutiny, according to KPMG. It comes a week after the City watchdog classed fiduciary management "among the most opaque parts" of the UK's investment industry.
According to KPMG's annual Fiduciary Management Survey, 87% of pension schemes do not use an independent provider to monitor the performance of their fiduciary mandates - exactly the same as a year ago.
