Some pension schemes could be paying investment managers 70% more in fees compared to six years according to Lane, Clark and Peacock (LCP).
'Asset management is a simple business but it's not an easy business'
IGCs and trustees are still a long way from getting transparency on transaction costs, finds PP.
BlackRock has been chosen to run nearly £2.8bn of passive assets by the eight Local Government Pension Schemes (LGPS) known collectively as the Welsh Funds.
The UK watchdog has discovered problems with how some asset managers market their funds after finding several actively managed products that in reality closely track benchmarks.
Aegon is reducing or simplifying charges for over 600,000 contributing members of workplace schemes, according to its independent governance committee (IGC).
Despite heightened awareness of index huggers, this cosy practice is still a big problem, finds PP.
Michael Klimes looks at the latest proposal to bring transparency on asset manager costs.
The Investment Association (IA) has introduced a working group to help establish a new code for disclosing asset management fees and costs.
The local government pension scheme's (LGPS) reported investment costs have increased to £748m and charges per member have more than doubled in six years, according to a report.
Schemes are looking to increase their control of asset allocation in hedge funds and move away from fund of funds structures, according to a fund manager.
The Financial Conduct Authority (FCA) is investigating asset managers and investment consultants over concerns about value for money and conflicts of interest.
Pension schemes must review their contracts with investment managers to identify issues that could put trustees' fiduciary duties at risk, according to Squire Patton Boggs.
Investment management fees paid by local government pension scheme (LGPS) funds last year ranged from two basis points (bps) all the way up to 86 bps, official figures show.
Trustees are learning to get bolshy over contracts
James d'Ath explains why increasing demands from investors for transparency means change is inevitable.
Mark Hodgkinson looks at the varying costs incurred by £1bn plus schemes
Con Keating says experience suggests trustees know less than they think
The majority of the pensions industry believe it is difficult for schemes to find out what they are actually paying in asset management fees, according to research from PP.
How fees based on AUM are distorting and misleading
PP looks at research finding managers are charging higher fees than ever
Asset managers are charging higher fees than ever with fees for some mandates rising up to 60% over the previous five years, according to research by LCP.