GIPS® Standards for Fiduciary Management Providers

The mission of the Global Investment Performance Standards (GIPS^®) for Fiduciary Management Providers (FMPs) to UK Pension Schemes is to promote ethics and integrity and instill trust by achieving comparability of performance by fiduciary management providers when presenting historical performance to prospective pension scheme trustee clients, and support from regulators for the ultimate benefit of the investment community.

The GIPS Standards for FMPs are only applicable to those organizations that meet the definition of a fiduciary management provider in The Investment Consultancy and Fiduciary Management Market Investigation Order 2019 (PDF).

View the letter from the CMA approving the GIPS Standards for Fiduciary Management Providers to UK Pension Schemes.

GIPS Standards for Fiduciary Management Providers to UK Pension Schemes (PDF)

GIPS Standards Handbook for Fiduciary Management Providers

The GIPS Standards Handbook for Fiduciary Management Providers includes explanation of each provision contained in the GIPS Standards for FMPs. Following each provision is a discussion that provides interpretive, authoritative guidance to help readers understand the provision.

GIPS Standards Handbook for Fiduciary Management Providers (searchable, shareable html)

GIPS Standards Handbook for Fiduciary Management Providers (PDF)

Guidance Statements

Guidance Statements include authoritative guidance on a particular topic and may contain additional topic-specific requirements and recommendations. Fiduciary Management Providers must comply with all guidance statements. See the Work in Process webpage for Guidance Statements that have been issued for public comments but have not been finalized.

Guidance Statement on Composites for Fiduciary Management Providers to UK Pension Schemes

Exposure Draft | Comment Letters | Adopting Release

Tools

You can find documents that were created to help Fiduciary Management Providers understand and implement the GIPS Standards for FMPs on the Tools webpage.