- 30 July 2026
Are fiduciary managers too cautious and missing opportunities?
- INSTITUTIONAL INVESTORS
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- 18.06.26
2025 was a strong year for markets — but did your fiduciary manager make the most of it? Barnett Waddingham's sixth annual Fiduciary Management Investment Performance Review draws on GIPS® data from over £70bn of assets under management to reveal a market-wide pattern of cautious positioning that may have cost schemes real value. While most fiduciary managers met their objectives, clustered outcomes and a defensive bias suggest the industry may have left returns on the table during three consecutive years of favourable conditions — particularly for schemes with higher return ambitions.
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