Pirho Investment Consulting, which advised Dutch pension fund Vervoer in a recent €250 million legal dispute with the scheme’s former fiduciary manager Goldman Sachs Asset Management, has launched its own fiduciary service.

The firm has launched a service for small and medium-sized pension schemes where they can choose between stripped-back investment services from BlackRock, Legal & General Investment Management or MN Services. The managers will be directly retained by scheme trustees and use PiRho to supervise the contracts.