US - Colorado Public Employees' Retirement Association (PERA) has come out on top of a survey measuring service and costs among international and US pension funds.
PERA, the 25th largest pension plan in the US with assets of $40bn, performed well in terms of call outcomes, call wait times, online capabilities, as well as 100% of pensions being incepted without a cash flow interruption to new retirees.
In addition, its administration costs decreased 3.3% per year during the last three year period. PERA's total adjusted administration cost was $57 per active member and retiree, compared to the peer median cost of $73.
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Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings