Barnett Waddingham has launched a new fiduciary management oversight service.

The financial advisor will help with fiduciary manager selection, overseeing the setting of the fiduciary mandate and monitoring fiduciary manager performance.

Barnett Waddingham Partner, David Clare explained that Barnett Waddingham can best meet the need of clients by remaining independent from asset management decision making:

"It is effective decision making at the strategic level which will have the biggest influence on investment outcomes, and we strongly believe that trustees can achieve this through an independent advisory framework."

“We recognise that in particular cases fiduciary management can provide the right fit. In these cases, having in place an independent oversight arrangement creates a positive environment for challenging the fiduciary manager which, in turn, goes some way to restoring impartiality in the management of the pension scheme assets.”

The services aims to give trustees confidence in their fiduciary management arrangement by contributing an independent outlook and investment expertise.