Notice
Undefined offset: 479
ee/legacy/libraries/relationship_parser/Parser.php, line 39
Notice
Trying to access array offset on value of type null
ee/legacy/libraries/Channel_entries_parser.php, line 165
Notice
Trying to access array offset on value of type null
ee/legacy/libraries/channel_entries_parser/Parser.php, line 386
Notice
Undefined index: entry_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 209
Notice
Undefined index: entry_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 210
Notice
Undefined index: entry_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 212
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 213
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 217
Notice
Undefined index: entry_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 217
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 255
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/components/Custom_field_pair.php, line 82
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 55
Notice
Undefined index: edit_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 56
Notice
Undefined index: recent_comment_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 57
Notice
Undefined index: expiration_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 58
Notice
Undefined index: comment_expiration_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 59
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 83
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 83
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 88
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 89
Notice
Undefined index: edit_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 90
Notice
Undefined index: allow_comments
ee/legacy/libraries/channel_entries_parser/Parser.php, line 650
Notice
Undefined index: comment_expiration_date
ee/legacy/libraries/channel_entries_parser/Parser.php, line 664
Notice
Undefined index: channel_title
ee/legacy/libraries/channel_entries_parser/Parser.php, line 524
Notice
Undefined index: channel_name
ee/legacy/libraries/channel_entries_parser/Parser.php, line 525
Notice
Undefined index: screen_name
ee/legacy/libraries/channel_entries_parser/Parser.php, line 526
Notice
Undefined index: username
ee/legacy/libraries/channel_entries_parser/Parser.php, line 526
Notice
Undefined index: photo_width
ee/legacy/libraries/channel_entries_parser/Parser.php, line 528
Notice
Undefined index: photo_height
ee/legacy/libraries/channel_entries_parser/Parser.php, line 529
Notice
Undefined index: avatar_width
ee/legacy/libraries/channel_entries_parser/Parser.php, line 531
Notice
Undefined index: avatar_height
ee/legacy/libraries/channel_entries_parser/Parser.php, line 532
Notice
Undefined index: sig_img_width
ee/legacy/libraries/channel_entries_parser/Parser.php, line 534
Notice
Undefined index: sig_img_height
ee/legacy/libraries/channel_entries_parser/Parser.php, line 535
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/Parser.php, line 536
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 553
Notice
Undefined index: entry_site_id
ee/legacy/libraries/channel_entries_parser/components/Simple_variable.php, line 63
Notice
Undefined index: channel_url
ee/legacy/libraries/channel_entries_parser/components/Simple_variable.php, line 64
Notice
Undefined index: comment_url
ee/legacy/libraries/channel_entries_parser/components/Simple_variable.php, line 65
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/components/Custom_field.php, line 54
Notice
Undefined offset: 479
ee/legacy/libraries/relationship_parser/Parser.php, line 39
Notice
Trying to access array offset on value of type null
ee/legacy/libraries/Channel_entries_parser.php, line 165
Notice
Trying to access array offset on value of type null
ee/legacy/libraries/channel_entries_parser/Parser.php, line 386
Notice
Undefined index: entry_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 209
Notice
Undefined index: entry_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 210
Notice
Undefined index: entry_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 212
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 213
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 217
Notice
Undefined index: entry_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 217
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 255
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/components/Custom_field_pair.php, line 82
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 55
Notice
Undefined index: edit_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 56
Notice
Undefined index: recent_comment_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 57
Notice
Undefined index: expiration_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 58
Notice
Undefined index: comment_expiration_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 59
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 83
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 83
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 88
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 89
Notice
Undefined index: edit_date
ee/legacy/libraries/channel_entries_parser/components/Date.php, line 90
Notice
Undefined index: allow_comments
ee/legacy/libraries/channel_entries_parser/Parser.php, line 650
Notice
Undefined index: comment_expiration_date
ee/legacy/libraries/channel_entries_parser/Parser.php, line 664
Notice
Undefined index: channel_title
ee/legacy/libraries/channel_entries_parser/Parser.php, line 524
Notice
Undefined index: channel_name
ee/legacy/libraries/channel_entries_parser/Parser.php, line 525
Notice
Undefined index: screen_name
ee/legacy/libraries/channel_entries_parser/Parser.php, line 526
Notice
Undefined index: username
ee/legacy/libraries/channel_entries_parser/Parser.php, line 526
Notice
Undefined index: photo_width
ee/legacy/libraries/channel_entries_parser/Parser.php, line 528
Notice
Undefined index: photo_height
ee/legacy/libraries/channel_entries_parser/Parser.php, line 529
Notice
Undefined index: avatar_width
ee/legacy/libraries/channel_entries_parser/Parser.php, line 531
Notice
Undefined index: avatar_height
ee/legacy/libraries/channel_entries_parser/Parser.php, line 532
Notice
Undefined index: sig_img_width
ee/legacy/libraries/channel_entries_parser/Parser.php, line 534
Notice
Undefined index: sig_img_height
ee/legacy/libraries/channel_entries_parser/Parser.php, line 535
Notice
Undefined index: entry_date
ee/legacy/libraries/channel_entries_parser/Parser.php, line 536
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/Parser.php, line 553
Notice
Undefined index: entry_site_id
ee/legacy/libraries/channel_entries_parser/components/Simple_variable.php, line 63
Notice
Undefined index: channel_url
ee/legacy/libraries/channel_entries_parser/components/Simple_variable.php, line 64
Notice
Undefined index: comment_url
ee/legacy/libraries/channel_entries_parser/components/Simple_variable.php, line 65
Notice
Undefined index: site_id
ee/legacy/libraries/channel_entries_parser/components/Custom_field.php, line 54
Warning
session_start(): Cannot start session when headers already sent
user/addons/gmaps/libraries/gmaps_library.php, line 40
Notice
Undefined variable: _SESSION
user/addons/gmaps/libraries/gmaps_library.php, line 41
Warning
session_start(): Cannot start session when headers already sent
user/addons/gmaps/libraries/gmaps_helper.php, line 565
Warning
session_start(): Cannot start session when headers already sent
user/addons/gmaps/libraries/gmaps_helper.php, line 565
Warning
Cannot modify header information - headers already sent by (output started at ee/legacy/core/Exceptions.php:120)
ee/EllisLab/ExpressionEngine/Boot/boot.common.php, line 493
Schemes risk cutting corners to meet looming CMA fiduciary management June deadline - Hymans Robertson
Your browser appears to have Javascript disabled. Javascript is used on this website for key functionality such as list filters and form validation. Please consider enabling Javascript. You can find out how to do this in your browser by visiting enable-javascript.com
Schemes risk cutting corners to meet looming CMA fiduciary management June deadline
04 May 2021
Schemes rushing to meet the June deadline for CMA compliance on the retender of Fiduciary Managers could cut corners leading to poorly negotiated fees and inappropriate mandates, warns Hymans Robertson.
Trustees making retender decisions solely based on time pressures could risk undertaking the process without a full commitment leading to poor outcomes for schemes. This means the assessment of the mandate and strongly negotiated fees may not be done thoroughly, claims the leading pensions and financial services firm.
Commenting on concerns for schemes as the deadline looms, Samora Stephenson, Senior Investment Consultant, argues that full consideration must be given:
“The purpose of the CMA’s deadline is for schemes to ensure that fiduciary management provides value for money for pension schemes, while at the same time demonstrating good governance. We are concerned, however, that schemes could be heading into the process without advice as they rush to ensure compliance.
“A rushed process risks missing out on the best fees and not properly testing whether requirements have changed since mandates were set up. Schemes must ensure they don’t put speed first to make sure this isn’t a wasted opportunity to have the best fees and the most appropriate mandates.
“We believe that savings of up to 30%, a significant saving, can be made with a thorough and professional negotiation process if it is done properly.”
Commenting on the speed with which Pensions Trustees will need to act, Samora Stephenson, Senior Investment Consultant, Hymans Robertson, says:
“If trustees want to avoid making decisions in haste ahead of June, fiduciary management tendering needs to be at the top of their agendas. We urge schemes to ensure that they put full effort into the process and if needed seek help and guidance from advisers for their schemes, regardless of the pressing deadline.”
Close
0 comments on this post