• Home
  • Admin/Tech
  • Benefits
  • Buzz
  • DB
  • DC
  • Diversity
  • Investment
  • Law & regulation
  • Risk reduction
  • Events
  • Whitepapers
  • Spotlights
  • Digital Edition
  • PPTV
  • Newsletters
  • Sign in
  •  
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
    •  

      You are currently accessing ProfessionalPensions via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0) 1858 438800

      Email: [email protected]

      • Sign in
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
    • YouTube
  • Register
  • Subscribe
  • Events
    • Upcoming events
      event logo
      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 20 Jan 2021
      • Digital Conference
      event logo
      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
      • Webinar
      event logo
      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
      event logo
      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
      • Webinar
      View all events
      Follow our Professional Pension Events

      Sign up to receive email alerts about our events

      Sign up

  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

      Download
      Find whitepapers
      Search by title or subject area
      View all whitepapers
  • Spotlights
  • Digital Edition
Professional Pensions
Professional Pensions
  • Home
  • Admin/Tech
  • Benefits
  • Buzz
  • DB
  • DC
  • Diversity
  • Investment
  • Law & regulation
  • Risk reduction
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
  •  

    You are currently accessing ProfessionalPensions via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0) 1858 438800

    Email: [email protected]

    • Sign in
  • Investment

Cost Transparency Initiative launches as disclosure templates revealed

Cost Transparency Initiative launches as disclosure templates revealed
  • James Phillips
  • James Phillips
  • @PPJamesPhillips
  • 07 November 2018
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
0 Comments

An industry group has been launched to implement, promote and encourage the use of five cost disclosure templates developed earlier this year.

The Cost Transparency Initiative (CTI) was formally launched today (7 November) on the back of work by the Financial Conduct Authority's (FCA) independent Institutional Disclosure Working Group (IDWG).

Now, the CTI will take the work further, with Universities Superannuation Scheme (USS) pensions strategy executive Mel Duffield chairing the group, with further appointments to follow.

Related articles

  • FCA data reveals over £20bn of DB transfers between 2018 and 2020
  • Cushon launches its first net-zero pension
  • PensionBee launches flexible offering for self-employed
  • Trustees will need to be corporate finance experts under new TPR powers

It will also run a pilot with a number of schemes and asset managers, trialling both the templates and related technical and communication materials - concluding in January 2019, with the templates then rolling out to asset managers and pensions schemes on a voluntary basis.

The group is supported by the Pensions and Lifetime Savings Association (PLSA), the Investment Association (IA), and the Local Government Pension Scheme (LGPS) Advisory Board. The latter previously said it would adopt the full templates upon their release.

Duffield thanked the IDWG members for their "hard work" and said she was "delighted" to be "taking the baton forward".

"It hasn't always been possible for trustees to compare costs between different services because of a lack of clarity and consistency," she added. "By introducing a robust way to define and measure the full cost of investing, we have a golden opportunity to make a real difference across the institutional investment market."

It comes as the full IDWG report was also published by the FCA, detailing the five templates to cover the costs associated with investing in most asset classes.

These include a main account-level template covering most product types; a user template summarising the account-level data; and three sub-templates covering private equities, physical assets, and ancillary services or custody.

The group, which was chair by Chris Sier, made its recommendations to the FCA in early July but, notably, it did not suggest that the templates should be mandatory.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Investment
  • Cost Transparency Initiative
  • Financial Conduct Authority
  • FCA
  • CTI
  • Universities Superannuation Scheme
  • USS
  • Investment Association
  • PLSA
  • Pensions and Lifetime Savings Association
  • LGPS advisory board
  • Mel Duffield
  • INSTITUTIONAL DISCLOSURE WORKING GROUP
  • IDWG
  • Chris Sier

More on Investment

The net-zero pension will be the new default across the business
Cushon launches its first net-zero pension

Fintech workplace savings business Cushon has launched a net-zero pension available now to savers who want to “actively contribute towards slowing climate change”.

  • Investment
  • 18 January 2021
The inaugural festival will explore the future of sustainable investing and identify opportunities across asset classes
PP parent Incisive Media launches Sustainable Investment Festival

Join us on 22-24 June

  • Investment
  • 18 January 2021
Industry Voice: The tipping point for UK pension schemes

  • Investment
  • 18 January 2021
Industry Voice: Fallen Angels - 2020 Downgrade Update

Downgrades of investment grade bonds to fallen angels continue apace in 2020. Through September 30, $179.6 billion, across 43 companies and comprising over 230 bonds, has been downgraded. The asset figure already exceeds the full calendar years of 2009...

  • Investment
  • 18 January 2021
Walker: LGPS funds will have to make greater use of income on assets
LGPS to become negative cashflow 'by 2024'

Local Government Pension Scheme (LGPS) funds are being urged to prioritise cashflow management as investors are challenged to find income in traditional fixed income and property markets.

  • Investment
  • 14 January 2021
blog comments powered by Disqus
Back to Top

Most read

Trustees will need to be corporate finance experts under new TPR powers
Trustees will need to be corporate finance experts under new TPR powers
LGPS to become negative cashflow 'by 2024'
LGPS to become negative cashflow 'by 2024'
Pension Schemes Bill set for final debate next week
Pension Schemes Bill set for final debate next week
Opperman: New TPR powers will not be backdated
Opperman: New TPR powers will not be backdated
Aegon commits to net-zero default funds by 2050
Aegon commits to net-zero default funds by 2050
Trustpilot

 

  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters
  • YouTube

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading