UK - Russell/Mellon CAPS has boosted its transaction costs analysis service which, it claims, will save schemes money.
The performance measurement firm and transaction software firm Inalytics have reached a distribution agreement for the PlexusGroup Transaction Cost Analysis Service.
The newly incorporated software will also enable pension funds to analyse transaction costs more efficiently.
Schemes that sign up to the service through Russell/Mellon CAPS will be able to receive transaction cost analysis – in line with Myners’ recommendations – with their next quarterly investment report.
Chief executive officer Mick Brant said: “Pension funds are increasingly looking at new ways to add value to their funds.
“This approach will help pension funds analyse the transaction costs in line with Myners’ requirements and we will now be able to integrate this with the delivery of our existing performance reports.”
Inalytics chief executive officer Rick Di Mascio added: “While compliance is important, the real issue is that these transaction costs are large and represent a real loss of value and drag on performance, which our reports will enable clients to identify.”
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