cost transparency
FCA to publish voluntary cost disclosure templates in autumn
A Financial Conduct Authority (FCA) working group has recommended five institutional cost disclosure templates, although it says these should not be made mandatory.
How trustees can prepare for the transaction cost disclosure regulations
The FCA introduced new regulations around the measurement and disclosure of transaction costs in January. Jon Parker looks at how trustees should respond.
Cost transparency - the end of the beginning?
Stewart Bevan says there's a long way still to travel to achieve transparency, but at least we are now making genuine progress and picking up the pace
Pre-1997 benefits should not have statutory inflation protection, say half of respondents
Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.
Asset managers reject LGPS 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.
PLSA urges members to be more active in policy creation
The Pensions and Lifetime Savings Association (PLSA) needs a greater number of more active members to drive its policy development and arguments, Richard Butcher has said.
CMA 'moving in right direction' says industry
The industry has welcomed the Competition and Markets Authority's (CMA's) working paper on the information available to trustees on the fees and quality of investment consultants and fiduciary managers.
Investments costs to become clearer in April as DWP pushes disclosure
Defined contribution (DC) schemes will face new duties to disclose investment costs and charges as the government presses ahead with a bid to build a more transparent and trustworthy pensions sector.
Pension cost transparency solution due to launch in Q2
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Transparency Task Force calls for IA's Cummings to apologise over 'offensive' Loch Ness fees comments
Gina Miller and others deserve ‘apology…public recognition and thanks’
PTL launches service to offer asset manager value for money assessments
PTL has introduced an investment cost assessment service to slim down and simplify costs and charges scrutiny for trustees.
Consolidation, cyber risk and transparency to dominate 2018
This year will see consolidation, cyber risk and cost transparency dominate the industry's focus as schemes bid to improve value for money and meet data protection requirements.
Opperman: Pensions policies will not be de-railed by Brexit
The pensions and financial inclusion minister has rejected suggestions that the government is dominated by Brexit discussions and has no time to deal with pensions issues.
Consultants urged to take the lead in driving cost disclosure
Chris Sier has called on investment consultants to take the lead on disclosure of costs and charges as for too long asset managers have not put pension clients first.
DC investment costs to be published as trustees face £50,000 fine
Defined contribution (DC) occupational schemes will be forced to disclose to members costs and charges associated with investing their retirement pots, the government has announced.
Tide of consultation on the way as minister indicates regulatory timetable
A raft of consultations and draft regulations will greet the industry over the coming weeks and months, the pensions and financial inclusion minister confirms.
FCA's Bailey: More work to be done on fees
Regulator does not want to 'incentivise short-termism'
PTL: Government focus on cost transparency will shift to DB
Government and regulatory focus on costs and charges will shift to defined benefit (DB) schemes over the coming years, PTL has predicted.
Why we need to charge more for DC
Jonathan Stapleton says we need to increase DC scheme fees if we hope to improve investment quality and the sustainability of providers.
Unbundling DC pricing unlocks 'value for money'
Henry Tapper says removing NDAs between operators and fund managers is a critical step in the journey towards assessing value for money
FCA's Sier pans new methodology to calculate alternative investment fund fees
Chair of FCA cost disclosure working group
The hidden costs of transparency
The FCA has taken a further step towards DC cost disclosure but, as Jonathan Stapleton says, such transparency will have its own hidden costs.
How DC fund charges will become more transparent
From 3 January next year, firms looking after DC members' money will need to comply with new disclosure requirements. James Phillips reports.
EXCLUSIVE: B&CE discloses implicit costs of default; calls for 'soft cap' on such charges
B&CE has published a full breakdown of transaction costs for The People's Pension - revealing both the explicit and implicit costs for its default fund - and has also called for the introduction of a soft cap on such costs.
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