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Christmas Letter; ‘tis the season to be tender

As we turn our thoughts to the festive period and year end, it seems that for many pension scheme trustees it is the season to tender!

Bob Campion

in Fiduciary news


As we turn our thoughts to the festive period and year end, it seems that for many pension scheme trustees it is the season to tender!

Trustees who have appointed a fiduciary manager may find themselves required to re-tender the appointment by June 2021 and as a result we have seen a flurry of invitations to tender.

In fact, such is the deluge that some fiduciary managers have become reticent to submit proposals for smaller schemes. Having anticipated this Christmas snowstorm, I am delighted to say that Charles Stanley’s Fiduciary Service is fully kitted out and open for business; so, do get in touch if you’d like to find out more!

On which note, I’m delighted to welcome Preksha Shah to the portfolio management team, who joins us with considerable experience from T Rowe Price and M&G Investments. Clients and consultants may well meet Preksha over the coming months, but if you’d like to find out more about Preksha please click here.

Market outlook
It has been a challenging year for all of us – and investment markets have been unusually volatile. The good news is that we have seen a strong recovery in risk assets – equities in particular – since their low points in March. More recently, there has been some relief for scheme liabilities too as bond yields have start to rise slightly above their recent low point.

The net result is that many pension schemes have seen positive improvements in their funding positions in 2020 – particularly those with substantial liability hedges in place.

You can read more about recent developments in investment markets. Looking ahead to 2021, our investment teams are optimistic that, thanks to the support received from monetary authorities worldwide, investors can expect their growth portfolios to make further progress next year. 

Service developments
Charles Stanley’s fiduciary service has seen a number of upgrades this year, in particular to our reporting packs and monitoring systems, and our investment teams have been busy reacting to the fast moving global environment as well as adding new themes to growth portfolios, such as renewable energy and sustainable equity.

We have also been running a series of webinars during the year, designed to give an insight to our investment analysis for clients and advisers. If you’d like to watch our most recent webinar then click here . Our next instalment is planned for January – so keep an eye out for invitations to attend.

We hope to see many of you next year (maybe even in person!) and from everyone at Charles Stanley we wish you all happy festive season!

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