Isio Fiduciary Management Survey 2024
Investment
Latest Trends in Fiduciary Management
Now in it’s 15th year, Isio’s annual Fiduciary Management Survey returns for 2024, this year observing big changes in the fiduciary landscape. Investment markets have stabilised somewhat since 2022’s “gilts crisis”. However the shake up in markets, and how fiduciary managers have responded to this, has seen new trends emerge.
Key messages throughout the survey:
- Slow growth in the number of fully delegated mandates driven by schemes exiting the market via an insurance transaction balanced with those seeking to reduce their governance burden.
- Assets under management increased, supported by positive performance of assets – and due to a small number of very large schemes moving to fiduciary management.
- Average funding level of schemes using fiduciary management is higher than ever before – more schemes are targeting insurance as their end-game objective.
- An increase to the illiquid allocations in target portfolios – suggesting liquidity concerns have stabilised.
- Continued improvements in ESG reporting by FMs – two thirds of fully delegated fiduciary mandates now have a net zero carbon emissions target in place.
- Over a third of fully delegated mandates also use some form of independent oversight – marking the highest level since our survey began.
Paula Champion
