The Prudent Practices handbooks and assessment tools developed by fi360 are a practical guide for investment fiduciaries to follow. (The New Zealand versions of the handbooks are available for purchase by visiting our online store page.)
The Practices are organised under a four-step Fiduciary Quality Management System. The steps are consistent with the global ISO 9000 Quality Management System standard, which emphasises the need for continual improvement to a decision-making process.
Trustees and advisers will be subjected to increasing demands and scrutiny and are seeking to steadily improve their processes, focussing first on what matters most. The practices and training provide the resources to do this.
Step 1: Organise
Step 2: Formalise
Step 3: Implement
Step 4: Monitor
Within the four steps, a series of practices and criteria are provided to define the Global Standard of Excellence.
The Practices represent the minimum process prescribed by law.
The Criteria represent the details of the Global Standard of Excellence.
The Suggested Procedure is provided to demonstrate how each Practice could be implemented.
fi360 Pacific can also undertake assessments of an investment provider or entity's compliance with the global practices. Formal certifications by CEFEX provide increased recognition of fiduciary excellence.
The Practices are organised under a four-step Fiduciary Quality Management System. The steps are consistent with the global ISO 9000 Quality Management System standard, which emphasises the need for continual improvement to a decision-making process.
Trustees and advisers will be subjected to increasing demands and scrutiny and are seeking to steadily improve their processes, focussing first on what matters most. The practices and training provide the resources to do this.
Step 1: Organise
Step 2: Formalise
Step 3: Implement
Step 4: Monitor
Within the four steps, a series of practices and criteria are provided to define the Global Standard of Excellence.
The Practices represent the minimum process prescribed by law.
The Criteria represent the details of the Global Standard of Excellence.
The Suggested Procedure is provided to demonstrate how each Practice could be implemented.
fi360 Pacific can also undertake assessments of an investment provider or entity's compliance with the global practices. Formal certifications by CEFEX provide increased recognition of fiduciary excellence.