US - The global benefits of the T-Charter have been highlighted at the inaugural New York Global Pensions Transition Managment Forum, along with the struggles in coming to agreement on the document.
He also hosted a panel in which he explained that, despite being an agreement based in the UK, the T-Charter had wide reaching benefits to the industry around the world.
Di Mascio told the audience, which consisted of pension fund managers and service providers, that by removing the initial intention to make the document legally binding, it had enabled all parties to agree to the code of practice.
The agency versus principal trading debate also continued during the event, with those taking a principal trading approach defending their actions.
However, Ross McLellan, senior managing director, State Street Global Markets, criticised the approach: "It's not possible for a transition manager to buy securities from a pension fund and both get a good deal."
McLellan was discussing the fiduciary duty put on to transition managers that would impact on how they would be able to conduct business.
John Menderides, disagreed: "Pension funds need to be aware what they are getting into when negotiating a fiduciary responsibility, as some solutions to transition management issues cannot not be delivered on an agency basis."
The event was held in the Roosevelt Hotel following three years of the London based conference.
The audience saw presentations from 12 industry big hitters and had the opportunity to pose questions in an open forum environment.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
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