UK/EUROPE - Pension schemes could be paying above the odds on foreign currency transactions. According to Mercer Investment Consulting and Record Currency Management, foreign currency is often traded at uncompetitive rates. A closer look at these rates could mean significant savings for many schemes.
Head of the European custody group at Mercer, Mark Walker, said: Pension funds often pay little attention to foreign currency transaction costs, and better management of these transactions can enha...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date