The 2026 IC Select UK Fiduciary Manager Survey provides essential insight into evolving market structures as regulatory expectations continue to rise. The research, covering over 90% of managed assets, indicates bifurcation between a handful of large schemes and a significant volume of smaller mandates. Third-party oversight is now widely regarded as best practice, with 68% of new mandates utilising independent evaluators. Trustees and fiduciary managers alike must balance operational excellence with investment outcomes while navigating increasing legislative complexity.