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Unit 3.3: Fund Managers, Fees, Performance and Custody
Unit 3.3 covers appointing and monitoring the people who run the money. It takes in the selection of fund managers and the criteria used, the nature of fee structures, the charges that apply in defined contribution arrangements, which the syllabus marks DC only, the measurement of performance against indices, benchmarks and targets, the mechanisms trustees use to monitor investment arrangements and managers over time, and why sound custody arrangements matter to the safety of scheme assets. Charges are live ground for defined contribution trustees because of the value-for-members assessment they have to carry out.
What’s in it.
6 topics- Topic 01
The Selection of Fund Managers
Coming soon - Topic 02
The Nature of Fee Structures
Coming soon - Topic 03
The Nature of Charges (DC Arrangements Only)
Coming soon - Topic 04
Measurements of Performance Using Indices, Benchmarks and Targets
Coming soon - Topic 05
Mechanisms for Monitoring Investment Arrangements and Fund Managers
Coming soon - Topic 06
The Importance of Sound Custody Arrangements
Coming soon