The government and regulators should not wait for the industry to "fail to act voluntarily" to provide value for money in pensions, the Work and Pensions Committee (WPC) says.
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.
An in-depth study by CEM Benchmarking shows transaction costs for large pension schemes are significant and largely depend on investment strategy. Stephanie Baxter analyses the findings
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
The FCA introduced new regulations around the measurement and disclosure of transaction costs in January. Jon Parker looks at how trustees should respond.
Kim Kaveh looks at how trustees and pension executives can develop an appropriate approach to understanding and managing costs.
The independent governance committee (IGC) for Prudential has improved value for money for members by simplifying charging structures and starting to shut expensive funds, according to its third report.
Fund groups have been criticised as newly disclosed transaction costs under MiFID II show the actual cost of ownership of some of the UK's most popular funds is as high as 85% above previously disclosed OCFs.
A typical defined benefit (DB) pension fund could cut costs by around a third per year by centralising and standardising their investment, administration and trading functions, according to the Asset Management Exchange (AMX).
Disclosure of investment costs can be achieved without necessarily finding out the true value of implicit costs, Kempen Capital Management argues.
Some pension schemes could be paying investment managers 70% more in fees compared to six years according to Lane, Clark and Peacock (LCP).
Royal London's independence governance committee (IGC) has reported that charges for members have fallen and considers transaction costs across its default funds are good value.
Scottish Widows' independent governance committee (IGC) has said it is encouraged by the provider's "progress" in delivering value for money.
Prudential's independent governance committee (IGC) has found members are getting better value for money after reducing all initial charges and has no major concerns about transaction costs.
A supermajority of pensions buzz respondents rebuked a suggestion that all defined benefit (DB) schemes should be merged into one.
The AE review is considering bringing transaction costs into the DC charge cap, but such a move could lead to perverse behaviour that is not in members' best interests. Stephanie Baxter explores the arguments
Jonathan Lipkin says the Investment Association is getting closer to delivering a complete framework for disclosing costs.
This week we want to know if people should be able to use their pensions to buy homes and if fears that NEST will become a monopoly are justified.
The Financial Conduct Authority (FCA) has proposed the introduction of a duty on asset managers to disclose aggregate transaction costs to pension schemes that invest in their funds.
This week we want to know what was the most radical pensions policy introduced during the coalition government.
The Investment Association's (IA) report on hidden costs and charges has been blasted as "amateurish and totally misleading" in a damning attack from the industry.
A transparency code for asset managers will soon be introduced in the Local Government Pension Scheme (LGPS) to improve and standardise the reporting of investment costs.
Industry involvement in the development of an investment cost disclosure code is good news says Helen Morrissey.
Senior pension figures have been appointed to advise the Investment Association (IA) on a new disclosure code for investment costs.