Merseyside Pension Fund cuts FX trading costs up to 50%

Stephanie Baxter
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Merseyside Pension Fund has reduced its foreign exchange (FX) costs by up to 50% after using independent reference rates to identify hidden fees.

After a review revealed its arrangements were not cost effective, the fund decided to use a data service run by New Change FX, which last year revealed schemes were being overcharged by £4bn a year...

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