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How well are fiduciary managers adapting to improved scheme funding?

How well are fiduciary managers adapting to improved scheme funding?

07 May 2025

Fiduciary Management (“FM”) has become a widely adopted governance option, with 15-20% of pension schemes using it to some degree. But as the pension scheme funding landscape has evolved and funding positions materially improved, is FM still the best fit for your scheme?

Given this change in landscape and that some fiduciary managers have been slow to adapt, this briefing explores the reasons why now is a sensible time to undertake a governance review to ensure that FM remains the most suitable approach for your pension scheme.  

We also summarise actions trustees and employers can take.

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