transparency
Towards a value for money metric
Costs and fees are just a small part of the overall value for money definition, argues Con Keating
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.
WPC calls for 'agreed definition' of value for money in wide-ranging pension transparency report
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.
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.
Exclusive: KAS Bank expands cost transparency benchmark tool to DC trustees
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.
NEST partners with KAS Bank to offer DC transparency dashboard
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.
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.
West Midlands Pension Fund leads £1bn global sustainable equity mandate
The £16bn local pension fund has launched a sustainable equity framework, which is available to all schemes in the LGPS Central pool.
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.
Transparency failings blamed on 'operationally inefficient' industry
The WPC's cost and transparency inquiry reveals it is impossible to know exactly how much consumers and trustees are paying in charges. Victoria Ticha takes a closer look
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.
FCA to publish voluntary cost disclosure templates in autumn
A Financial Conduct Authority (FCA) working group has recommended five institutional cost disclosure templates, although it says these should not be made mandatory.
AMX launches CCFs in bid to boost industry's efficiency and transparency
Asset Management Exchange (AMX) has added tax transparent global equity vehicles to its range of investment funds to cut scheme costs and increase transparency across the industry.
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.
Six pensions changes for the new tax year
The new tax year brings a number of changes to the pensions world, not least the first round of phasing for auto-enrolled employees.
State Street and Jupiter sign up to LGPS transparency code
State Street Global Advisors (SSGA) and Jupiter Asset Management have become the latest firms to sign up to the Local Government Pension Scheme's (LGPS) code of transparency.
