UK - Britannic Asset Management will release its first "level two" disclosure code statements next month giving trustees client-specific data and transaction cost analysis.
The move complies with the Pension Fund Cost Disclosure Code – drawn up by the National Association of Pension Funds and Investment Management Association. It aims to help trustees understand the charges and costs levied on assets.
Head of institutional client operations Beverly Glasgow said: “Britannic Asset Management firmly endorses the aim of this code and has completely met all its requirements.
“By doing so, we strengthen the level of trust our clients already have in us as they will be clearly informed on how costs are being incurred.”
The first level of the disclosure code addresses companywide policies, in-house processes and procedures in relation to management of costs incurred on behalf of clients.
Glasgow said Britannic aimed to make the disclosures ongoing and would review the information provided in an attempt to find any other way to make information transparent for fund trustees. The statements will be issued twice yearly.
Segregated clients will each receive a copy of their client-specific statement by mail and pooled clients can access their fund statements online.
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