Asset managers reject LGPS initiative on fees

Tom Eckett
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Asset managers reject UK pension fund initiative on fees
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Asset managers reject UK pension fund initiative on fees

Over 170 asset managers have rejected an initiative which requires better disclosure of fees UK public pension funds are charged, despite increased regulatory pressure on costs throughout the industry.

The £260bn Local Government Pension Scheme (LGPS), which manages the pensions of 5.6m former and current UK government workers, last year introduced a call for greater transparency in the reporting of...

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