Ten pension schemes representing over 19 million members and more than £150bn in assets under management have written a joint public letter endorsing the Cost Transparency Initiative (CTI).
The Local Government Pension Scheme Scheme Advisory Board (SAB) has chosen technology provider Byhiras to develop a platform to ensure that asset managers comply with its cost transparency code.
Six asset managers have been praised for their "exceptional transparency" in reporting transaction costs and charges to clients including pension schemes.
Support for cost disclosure templates must be followed by help to make sense of the data, says Jonathan Stapleton.
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.
The Cost Transparency Initiative (CTI) has set out plans to launch the long-awaited cost disclosure templates for pension schemes in mid-May.
A pensions bill expected next year must include law to require schemes to collect, publish and analyse cost transparency data from their asset managers, MPs have been told.
Mel Duffield says cost disclosure framework is a golden opportunity to make a real difference for savers.
An industry group has been launched to implement, promote and encourage the use of five cost disclosure templates developed earlier this year.