The RFPs of 71% of plan sponsors always inquire into a prospective manager’s compliance with AIMR performance presentation standards, according to a new survey by The Spaulding Group.
Among the other findings: 58.1% of sponsors surveyed typically require prospective managers to comply with Association for Investment Management and Research standards; 45.2% say compliance will increase a prospective manager’s chances of being hired over a manager that doesn’t comply; 41.9% of sponsors said RFPs always ask about compliance verification; and 26.7% of sponsors typically require compliance verification.
Of all sponsors surveyed, 67.9% prefer Level II verification, while 17.9% prefer Level I verification.
