Schroders has become one of the largest asset managers to sign up to the Local Government Pension Scheme's (LGPS) code of transparency.
Schroders, which manages some £11.2 billion of UK pension fund assets on behalf of 47 local authorities as at 31 March 2017, joined the list in December.
The voluntary code was launched in May 2017 by the Scheme Advisory Board (SAB), the statutory body that advises the secretary of state.
As of January 2018, more than 30 firms have committed to sending cost and charge data in a standardised format to LGPS clients.
A spokesperson for Schroders said: "As one of the biggest managers of LGPS assets we are very keen to ensure that our clients receive all the information they need to make good investment decisions and to understand the service we are providing for them. We are very pleased to sign up to the code".
While the code is only voluntary for managers, it is expected to set a gold standard in cost transparency across the LGPS.The SAB predicts the list will continue to grow steadily throughout 2018.
Baillie Gifford and Montanaro Asset Management were the first to commit to the code in May 2017, and other major asset managers have recently followed suit including Royal London Asset Management in August, BlackRock and Wellington Management in October, Newton in November and Insight Investment in December.
AllianceBernstein also signed up to the code earlier this month.
The template underpinning the code stems from a proposal set out in a 2015 paper written by Dr Chris Sier for the Financial Services Consumer Panel based on the Dutch cost disclosure model.
Unison, which holds the vice-chair position on the SAB, was the first to promote cost transparency on the SAB's investment committee.
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