transparency
How DC fund charges will become more transparent
From 3 January next year, firms looking after DC members' money will need to comply with new disclosure requirements. James Phillips reports.
EXCLUSIVE: B&CE discloses implicit costs of default; calls for 'soft cap' on such charges
B&CE has published a full breakdown of transaction costs for The People's Pension's - revealing both the explicit and implicit costs for its default fund - and has also called for the introduction for a soft cap on such costs.
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.
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 consults on 'blueprint' for cost disclosure
The Investment Association (IA) has revealed its proposed code to standardise cost disclosure across collective funds, segregated mandates, and institutional investors.
Debbie Abrahams: Brexit could make poorer savers worse off
The economic uncertainty caused by Britain's decision to leave the European Union (EU) could make poorer savers worse off says shadow work and pensions minister Debbie Abrahams.
John Kay: Transparency will not help improve returns for savers
Increased transparency will not deliver better outcomes for savers in pension schemes says economist John Kay.
Government to consult on pension cost disclosure this year
Work and pensions minister Damian Green has confirmed the government will consult on hidden costs and charges later this year.
Shadow minister: Savers need to understand 'every dot and jut' of costs
Alex Cunningham, the shadow pensions minister, speaks to James Phillips about his new brief, auto-enrolment, and DB deficits
TTF calls on MPs to launch costs inquiry
Members of the Work and Pensions Committee (WPC) have been urged to set up a broad inquiry into hidden costs and charges faced by pension schemes.
Transaction costs 'just one piece of jigsaw' for FCA's steps to transparency
The Financial Conduct Authority (FCA) has been urged to consider a broader section of pension costs than simply transaction costs.
Government to implement FCA's cost transparency proposals
Pensions minister Richard Harrington has said the government will work with the Financial Conduct Authority (FCA) to improve transparency of pension costs.
Has the FCA found the right solution for hidden transaction costs?
As the FCA closes its consultation on improving transparency of costs and charges in pension schemes, James Phillips asks the industry whether the watchdog has the right solution.
Greater transparency could save average scheme £800k per year
Greater transparency of costs and charges for pension funds could save the average pension fund £800,000 per year, The Association of Member Nominated Trustees (AMNT) says.
FCA’s cost transparency consultation is ‘significant step forward’
The industry has welcomed the Financial Conduct Authority’s (FCA) consultation on forcing asset managers to provide greater transparency on transaction costs.
FCA proposes complete transparency for asset managers on pension scheme transaction costs
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.
LGPS must explain costs properly to avoid misunderstandings
Failure to communicate Local Government Pension Scheme (LGPS) investment costs in the right way could lead to misunderstandings among members, says Jeff Houston.
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