Will assess use of benchmarks
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.
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.
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.
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Spence & Partners has been appointed to provide consultant services to the £95m Edinburgh Airport defined benefit (DB) pension plan.
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Gina Miller and others deserve ‘apology…public recognition and thanks’
PTL has introduced an investment cost assessment service to slim down and simplify costs and charges scrutiny for trustees.
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.
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.
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.
A raft of consultations and draft regulations will greet the industry over the coming weeks and months, the pensions and financial inclusion minister confirms.
Regulator does not want to 'incentivise short-termism'
Government and regulatory focus on costs and charges will shift to defined benefit (DB) schemes over the coming years, PTL has predicted.
Chair of FCA cost disclosure working group
The FCA has taken a further step towards DC cost disclosure but, as Jonathan Stapleton says, such transparency will have its own hidden costs.
From 3 January next year, firms looking after DC members' money will need to comply with new disclosure requirements. James Phillips reports.
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 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.
The combination of lack of trust, poor transparency, and inadequate retirement funds will cause "civil unrest" in the next few decades, Andy Agathangelou warns.
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.
The Financial Conduct Authority (FCA) has confirmed the 20 members and four observer organisations of its Institutional Disclosure Working Group.
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 Asset Management (RLAM) has become the latest asset manager to sign up to the £217bn Local Government Pension Scheme's (LGPS) code of transparency.