The £30bn Brunel Pension Partnership has hired CACEIS to provide cost transparency and benchmarking services across the partnership.
Funds in LGPS Central will be given additional assistance to assist collection and analysis of investment costs after the pool partnered with KAS Bank.
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.
Six asset managers have been praised for their "exceptional transparency" in reporting transaction costs and charges to clients including pension schemes.
KAS Bank has built on its cost transparency dashboard to offer UK defined contribution (DC) scheme trustees the option to benchmark costs relative to other pension funds.
The government's auto-enrolment provider NEST has teamed up with KAS Bank to offer a cost transparency service for its range of target date and specialist funds, to launch in Q2 2019.