transparency
West Midlands Pension Fund leads £1bn global sustainable equity mandate
West Midlands Pension Fund (WMPF) is leading a £1bn allocation to a global sustainable equity mandate, designed to invest in companies which demonstrate a forward-thinking approach to long-term sustainable business.
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Schemes demur lacking cost efficiencies from 'outdated' asset managers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.
FCA launches second consultation on transparency of fund objectives
Will assess use of benchmarks
Asset managers reject LGPS initiative on fees
Over 170 asset managers have rejected an initiative which requires better disclosure of fees UK public pension funds are charged, despite increased regulatory pressure on costs throughout the industry.
CMA 'moving in right direction' says industry
The industry has welcomed the Competition and Markets Authority's (CMA's) working paper on the information available to trustees on the fees and quality of investment consultants and fiduciary managers.
Investments costs to become clearer in April as DWP pushes disclosure
Defined contribution (DC) schemes will face new duties to disclose investment costs and charges as the government presses ahead with a bid to build a more transparent and trustworthy pensions sector.
Pension cost transparency solution due to launch in Q2
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Edinburgh Airport selects fully-integrated pensions consultant
Spence & Partners has been appointed to provide consultant services to the £95m Edinburgh Airport defined benefit (DB) pension plan.
Transparency Task Force calls for IA's Cummings to apologise over 'offensive' Loch Ness fees comments
Gina Miller and others deserve ‘apology…public recognition and thanks’
PTL launches service to offer asset manager value for money assessments
PTL has introduced an investment cost assessment service to slim down and simplify costs and charges scrutiny for trustees.
Consolidation, cyber risk and transparency to dominate 2018
This year will see consolidation, cyber risk and cost transparency dominate the industry's focus as schemes bid to improve value for money and meet data protection requirements.
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