transparency
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.
Opperman: Pensions policies will not be de-railed by Brexit
The pensions and financial inclusion minister has rejected suggestions that the government is dominated by Brexit discussions and has no time to deal with pensions issues.
DC investment costs to be published as trustees face £50,000 fine
Defined contribution (DC) occupational schemes will be forced to disclose to members costs and charges associated with investing their retirement pots, the government has announced.
Tide of consultation on the way as minister indicates regulatory timetable
A raft of consultations and draft regulations will greet the industry over the coming weeks and months, the pensions and financial inclusion minister confirms.
FCA's Bailey: More work to be done on fees
Regulator does not want to 'incentivise short-termism'
PTL: Government focus on cost transparency will shift to DB
Government and regulatory focus on costs and charges will shift to defined benefit (DB) schemes over the coming years, PTL has predicted.
FCA's Sier pans new methodology to calculate alternative investment fund fees
Chair of FCA cost disclosure working group
The hidden costs of transparency
The FCA has taken a further step towards DC cost disclosure but, as Jonathan Stapleton says, such transparency will have its own hidden costs.
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 - revealing both the explicit and implicit costs for its default fund - and has also called for the introduction of 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.
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