UK - UK schemes allow for one day of trustee training per year for every £138m of funds they manage, research from Instinet Europe shows.
In its latest report, Taking the temperature of the UK pension fund industry, the fund manager surveyed 107 pension funds and examined the effects of the Myners Report on pension schemes.
Some 81% of respondents reported a change in the information they receive about transactions and associated costs since Myners’ proposals were adopted. And 53% do not believe the increased transparency surrounding transaction costs will have an impact on their costs.
Instinet Europe’s head of UK institutional equities John Siska said: “The Myners Report can only be praised for its efforts to help increase transparency in the pensions industry.”
Andy Palmer says trustees and employers should prepare for a no deal, which could pose big risks to sponsor covenants
The government has rejected the Treasury Committee's call for fundamental and incremental changes to pensions tax relief, noting there is "no clear consensus".
BlackRock has won over a quarter of a £109bn Scottish Widows mandate following a competitive tender process, as the battle for the remaining £79bn in assets continues.