Pioneer is taking advantage of fi360’s new Custom Fund Reporting Service to create reports on its mutual funds utilizing fi360’s proprietary fiduciary scoring system, the fi360 Fiduciary Score. Pioneer will provide the reports to financial advisers to work with clients in selecting investments that have undergone a rigorous due diligence evaluation.
According to a press release, the score was created to assist fiduciaries and investment professionals working with trustees, plan sponsors, consultants, and other investors who have an obligation for investment due diligence when selecting, recommending, and monitoring investments. It provides an objective and rigorous process to evaluate 11 key due diligence criteria and demonstrates evidence of fulfillment of the fiduciary duty of prudence.In addition, ten of Pioneer’s Retirement Group Business Development Officers and Regional Vice Presidents have received fi360’s Accredited Investment Fiduciary (AIF) designation, representing knowledge of, and the ability to apply, fiduciary best practices.
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