LONDON--(Marketwired - Jul 23, 2013) - The results of a poll published by SEI (
Nearly two-thirds (65 percent) of respondents revealed plans to review their investment consultant within the next three years and a further 28 percent over the coming 12 months, demonstrating an appetite for change amongst trustees.
Almost a third (30 percent) of those surveyed did not think their investment consultant offers value for the money spent. Reducing the increased costs associated with running a pension scheme is a prominent concern for pension trustees. For some, there is a perceived lack of transparency around the costs associated with traditional investment consultants who often charge separately for investment reviews, manager changes, and ongoing support, and who are not fully accountable to the scheme.
The findings also revealed that 21 percent of respondents have used the same investment consultant for more than 10 years, suggesting some inertia amongst trustees in reviewing and evaluating their existing scheme governance structure.
Commenting on the results of the poll, Ian Love, Managing Director of UK Institutional Business Development, said:
"The results of this poll confirm that pension trustees and professionals are operating in an extremely challenging environment. Faced with unrelenting volatility, mounting deficits, and an increasingly fast-paced investment environment, trustees are starting to recognize they may need a different model to meet their scheme funding goals."
SEI's poll, conducted in April 2013, was completed by 41 U.K. pension professionals overseeing pension schemes ranging in asset size from £25 million to over £1 billion. None of the poll participants were clients of SEI. To receive a full copy of the results of the poll please email: institutions@seic.com
About SEI's Institutional Group SEI's Institutional Group is one of the first and largest global providers of outsourced fiduciary management investment services. The company began offering these services in 1992 and today acts as a fiduciary manager to more than 450 retirements, non-profit and healthcare clients in seven different countries. Through a flexible model designed to help our clients achieve financial goals, we provide asset allocation advice and modeling, investment management, risk monitoring and stress testing, active liability-focused investing and integrated goals-based reporting. For more information visit: http://www.seic.com/enUK/institutional-investors.htm .
About SEI
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