Outsourced Chief Investment Officer (OCIO) – what does it mean and how is the market evolving?
Outsourced Chief Investment Officer (OCIO) – what does it mean and how is the market evolving?
12 Aug 2024
Recently, there have been a number of headline-grabbing announcements of multi-billion-pound Outsourced Chief Investment Officer (‘OCIO’) appointments for some of the largest UK pension schemes, including Tesco, British Airways, National Grid, and Royal Mail. However, there remains quite a bit of confusion about what OCIO means and how it is different to fiduciary management (‘FM’), if at all.
In this paper, we outline XPS’ understanding of OCIO and provide some thoughts on how the market is evolving and the issues for pension schemes.