transparency
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.
Freedom and choice most radical and 'irresponsible' coalition policy, industry says
The coalition government's most radical pension policy was freedom and choice, according to 69% of Pensions Buzz respondents.
Are deficits starting to spook investors?
The cost and size of pension deficits are increasing which has consequences for trustees, company directors and shareholders. Michael Klimes asks if investors are starting to worry.
Could trustees be sued over excessive charges?
As US savers fight their pension schemes over high costs and charges, there is concern British trustees could see similar action. James Phillips reports
IA's advisory board refuses to endorse 'Loch Ness Monster' fees research
The chair of the Investment Association's (IA) advisory board on cost transparency Mark Fawcett has distanced himself from the trade body's controversial report on charges.
Industry rejects IA's 'nonsense' report on hidden costs
The Investment Association's (IA) report on hidden costs and charges has been blasted as "amateurish and totally misleading" in a damning attack from the industry.
Hidden fees are the ‘Loch Ness Monster of investments’, says IA
There is “zero evidence” to support the “hidden fees hysteria” that unknown costs are damaging pension funds, the Investment Association (IA) has argued.
LGPS transparency code to launch this Autumn
A transparency code for asset managers will soon be introduced in the Local Government Pension Scheme (LGPS) to improve and standardise the reporting of investment costs.
Agathangelou leaves CIPP and Friends of Auto Enrolment
Andy Agathangelou has left the Friends of Auto Enrolment (FAE) two and half years after founding the association for the Chartered Institute of Payroll Professionals (CIPP).
Transparency Task Force expands ambassador team
The Transparency Task Force (TTF) has appointed Robin Powell to campaign for transparency on costs and charges from asset managers.
Fawcett defends secretive IA transparency board meetings
The chair of the Investment Association's (IA) advisory board into cost transparency has hit back at criticism over the decision to keep its discussions confidential.
TTF faces rifts as chair joins ‘secretive' IA advisory board
The Transparency Task Force (TTF) faces internal rifts after founding chair Andy Agathangelou joined the Investment Association's (IA) independent advisory board on cost transparency.
Steering group launched to develop fiduciary management performance standard
An eleven-strong industry group has been formed to help develop a fiduciary management performance standard.
TTF: Managers ‘lying' about costs and charges
The Transparency Task Force (TTF) has accused the financial services industry of "obfuscation, denial and even lying" over costs and charges incurred by pension schemes.
Should trustees fire managers for not disclosing transaction costs?
With trustee boards required to manage costs effectively, should they consider removing fund managers who don't provide data on transaction charges? James Phillips reports.
We need transparency on charges
John Gray asks why UK pension schemes do not have access to important information on charges.
Angela Rayner: Savers deserve nothing less than full cost transparency
The shadow pensions minister has called for cross-party action to improve transparency on costs in pensions and regain the trust of members.
Trustees could face ‘legal action' from ‘poor cost management'
Trustees must manage their schemes' costs more effectively to avoid facing future litigation, the Transparency Task Force (TTF) has warned.
JLT's CEO urges industry ‘call to arms' over data issues
Actions to tackle the lack of data quality must be spearheaded by the industry, according to JLT Employee Benefits' Bala Viswanathan.
How to appoint fiduciary managers
William Parry looks at the challenges pension schemes face before appointing a fiduciary manager and recommends what schemes can do to get the answers and information they need
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