PwC launches fiduciary management and OCIO monitoring platform

PwC has launched a new digital data tool, designed to give trustees the ability to evaluate how their fiduciary managers and outsourced chief investment officers (OCIOs) are performing.

The new tool, Score Digital, integrates PwC's artificial intelligence (AI) capabilities with investment research, to give pension trustees access to both scheme specific and wider fiduciary management and outsourced chief investment officer (OCIO) data.

Features include assessing if scheme funding levels have been moving as expected using PwC proprietary indices, performance benchmarking against market peers and wider comparators and receiving alerts of key changes with fiduciary managers and OCIOs.

The new tool also consolidates all oversight reports and dashboards PwC provides to its outsourced oversight pension scheme clients.

Commenting on the launch, PwC UK head of pension investments, Keira-Marie Ramnath, said: “Research and data collection is fundamental to the pensions investment industry, yet it can be riddled with inefficiencies including high costs and bureaucracy.

"We wanted to make it easier to consolidate our research to better enable trustees to have a holistic view of the wider market and better understand how their portfolios are performing and what investments are best suited to their pension schemes.

"Score Digital enables us to provide ongoing and tailored oversight proportional to the requirements of each specific pension scheme, combined with insight from across the wider industry, to help us deliver the best outcomes for our clients.”

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