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Benchmark restatement review

A check of whether the series the committee has been shown still matches the mandate’s stated comparator, including currency and income treatment.

Who it is for

Boards that inherited a comparator years ago and now suspect total-return versus price-return, or sterling versus local currency, has drifted.

What you receive

A short opinion on the current series, a restated chart if the source allows, and a recommendation on what to print on the next cover.

Scope

One mandate, one comparator family.

Included

  • Source check
  • Income and currency treatment note
  • Restated exhibit where data exists

Not included

  • Choosing a new strategic asset allocation

Who prepares it

Helena Croft.

How the work runs

  1. Collect the mandate wording
  2. Obtain the official series
  3. Compare to what has been printed

Timing

Six working days after the official series is in hand.

Where the work is done

Letter-style PDF for the minute book.

What to send

Investment policy extract, last pack cover, and licence to the index if you hold one.

Limits we will not paper over

Some index houses will not release a series without a licence; we cannot fabricate it.

Fees

From £1,450 per mandate.

Send the policy wording and the last printed cover page.