Fee transparency
LGPS Central partners with KAS Bank for cost transparency solution
Funds in LGPS Central will be given additional assistance to assist collection and analysis of investment costs after the pool partnered with KAS Bank.
Further six asset managers noted for 'exceptional transparency' on transaction costs
Six asset managers have been praised for their "exceptional transparency" in reporting transaction costs and charges to clients including pension schemes.
CTI templates are a call to action
Support for cost disclosure templates must be followed by help to make sense of the data, says Jonathan Stapleton.
Five stories you may have missed this week
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
Cost disclosure templates to launch mid-May
The Cost Transparency Initiative (CTI) has set out plans to launch the long-awaited cost disclosure templates for pension schemes in mid-May.
Five stories you may have missed this week
This week's top stories included an accountant admitting fraud and making employer-related investments in the latest criminal prosecution pursued by The Pensions Regulator.
DWP must compel use of cost transparency templates in pensions bill, MPs told
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.
Transparency campaigner Chris Sier launches pension cost collection facility
A platform to help pension funds collect and analyse cost data, such as transaction costs, has been launched by Chris Sier, who has played an integral role in the fight for transparency.
PLSA in work to convene cost disclosure template implementation group
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
Investment Association urges FCA to drop 'flawed' DC cost disclosure methodology
The Financial Conduct Authority (FCA) must ditch the methodology used to calculate transaction costs incurred by investment of defined contribution (DC) funds as a matter of urgency, the Investment Association (IA) says.
Govt should fine or disqualify pension-dodging directors
The majority of Pensions Buzz respondents said directors who avoid obligations should be penalised.
MPs launch probe into pensions cost and transparency
The Work and Pensions Committee (WPC) has launched an inquiry to ask whether the pensions industry provides "sufficient transparency" of charges, strategy and performance to savers.
Schemes demur lacking cost efficiencies from 'outdated' asset managers
Pension scheme investment decision-makers are most worried about a lack of cost efficiencies and transparency in the asset management industry, according to latest research.
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.
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.
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.
