cost transparency
Darren Philp: Delivering transaction cost transparency for scheme members
Darren Philp explains why The People's Pension has published a full breakdown of transaction costs and is backing the introduction of a 'comply or explain' soft cap for such charges on DC funds.
Lack of transparency in pension fund investments will 'lead to civil unrest'
The combination of lack of trust, poor transparency, and inadequate retirement funds will cause "civil unrest" in the next few decades, Andy Agathangelou warns.
What are trustees looking for in fiduciary managers?
With fiduciary mandates on the rise and managers in the spotlight after the FCA's asset management study, James Phillips explores what trustees want from them.
FCA confirms membership of cost disclosure working group
The Financial Conduct Authority (FCA) has confirmed the 20 members and four observer organisations of its Institutional Disclosure Working Group.
DWP hints at ramping up cost disclosure in DC; plans to consult
The Department for Work and Pensions (DWP) wants to improve the disclosure of costs and charges to defined contribution (DC) members and will consult on this in the future, policy manager David Farrar says.
Royal London commits to LGPS transparency code
Royal London Asset Management (RLAM) has become the latest asset manager to sign up to the £217bn Local Government Pension Scheme's (LGPS) code of transparency.
Chris Sier to chair FCA cost disclosure working group
The Financial Conduct Authority (FCA) has appointed Chris Sier to chair its working group on disclosure of costs and charges for institutional investors.
Kempen: Industry could be wasting time on implicit cost disclosure
Disclosure of investment costs can be achieved without necessarily finding out the true value of implicit costs, Kempen Capital Management argues.
Five stories you may have missed this week
This week's top stories include The Pensions Ombudsman rejecting a complaint against Standard Life for refusing to provide a second transfer value quotation.
Transparency means disclosure of costs and their impact
Disclosure codes for costs and charges on pension funds need to show both the amount and impact of costs, due to their compounding effect.
Chris Sier: Disclosure standard is 'just the starting point' towards full transparency
The transparency campaigner has welcomed the regulator's proposals for cost disclosure, refuting claims the asset management industry's code has been created without independent oversight.
Have your say: Would pensions be worse off without a pensions minister?
This week we want to know whether you think pensions would be worse off if the government had never had a specific pensions minister.
This is the watershed moment for transparency, the government must act now
Shadow pensions minister Alex Cunningham says the FCA's final report on the asset management market is a turning point and urges the government to take action
LGIM becomes largest manager to sign up to LGPS transparency code
Legal & General Investment Management (LGIM) has signed up to the code of transparency created for the Local Government Pension Scheme (LGPS), bringing the total number of signatories to five.
Schemes urge asset managers to adopt transparency code
The industry has warned that asset managers which fail to sign up to the code of transparency will face tough scrutiny by schemes and could risk being sacked.
KAS Bank launches cost transparency dashboard
A governance tool to give defined benefit (DB) schemes a full overview of their administration and investment costs has been launched by KAS Bank.
How West Midlands saved millions of pounds through cost transparency drive
The West Midlands Pension Fund is well on the way to full transparency, and has already used it to challenge managers on fees and exit high cost funds, CIO Jason Fletcher tells Stephanie Baxter.
Five stories you may have missed this week
This week's top stories include coverage of a green paper response which said The Pensions Regulator needs to be investigated and the Pension Protection Fund privatised.
A big step towards cost transparency
Stephanie Baxter says the launch of a transparency code shows the balance of power is finally starting to move in the direction of investors.
LGPS takes a big leap towards cost transparency
As a transparency code is launched for the Local Government Pension Scheme, Stephanie Baxter looks at how it could set a gold standard across the industry.
LGPS launches cost transparency code for asset managers
The Local Government Pension Scheme Advisory Board (SAB) has launched a transparency code to help schemes get a better handle on their costs and fees.
IA wants new cost disclosure code to gain regulatory recognition
The Investment Association (IA) has said it will work with regulators and other trade associations to develop a consistent disclosure code across all asset types.
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