UK/US - Slashing red tape could cut schemes' transatlantic equities trading costs by up to 60%, the International Securities Market Association claims.
The ISMA and the New York-based research centre, the Council on Foreign Relations, believe that unnecessary regulation inflates trading costs for investors on both sides of the Atlantic.
They claim trading costs can be cut by axing all regulatory barriers to transatlantic trading which have “no useful role” in protecting investors and allowing schemes on one side of the Atlantic direct access to an exchange on the other.
Rory Murphy says a bona fide mediation process could provide valuable evidence of reasonableness for trustee and employer alike
Collective defined contribution (CDC) savers should be allowed to access pension freedoms when the scheme is rolled out, last week's Pensions Buzz respondents said.
Partner Insight: A fiduciary management approach gives trustees a richness of information you can't get with a standard adviser approach, especially in times of market uncertainty, explain Russell Investments' David Rae and Paul Wharton
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.