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The Fiduciary feeling

The new FTK solvency regime has been in place for a little over a month but the number of pension schemes looking to avoid some of its more onerous requirements by mandating a fiduciary manager has increased rapidly. But what is fiduciary management - and is this just a Dutch trend. Aaron Woolner reports

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Ever since the Dutch East Indies Company became the first organisation to float tradable shares on a public market in 1602 - followed by a speculative tulip bubble a quarter century later - the Netherlands has been synonymous with financial sophistication.

Today, the fully funded, and well organised, pension system is a high profile example of Dutch sophistication. So it comes as some surprise to

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