All Costs and charges articles – Page 14
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OpinionWhat role does culture play in value for money?
Data crunch: ClearGlass’s Chris Sier shows that the best active funds are usually run by the lowest-cost managers, and asks whether fund houses’ readiness to provide data can be shown to be a sign of good net performance.
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News
Transparency initiative adds new tools following industry support
On the go: The Cost Transparency Initiative has released additional resources and a new set of tools aimed at encouraging more schemes and asset managers to sign up to the standard, following a strong show of support by the industry for the framework it published last year.
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OpinionThe £1bn myth: how scheme-level costs change with size
Drawing together conclusions of recent articles, ClearGlass’s Chris Sier shows that merely making it past the magic £1bn does not automatically deliver scale benefits to members.
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OpinionDoes paying more deliver more performance?
Data crunch: You get what you pay for, right? As far as fund management is concerned, this old adage does not quite ring true, although as ever there are some caveats, argues ClearGlass’s Chris Sier.
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News
Schemes to take a £5bn hit as analysts predict deflation
On the go: Pension schemes already suffering the funding implications of Covid-19 could be facing a further £5bn of pressure, as the prospect of deflation later in the year produces a “ratchet effect”, according to analysis by LCP.
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OpinionEconomies of scale: do they exist?
Data Crunch: Does size matter? ClearGlass’s Chris Sier digs into the asset classes that offer economies of scales to large or consolidated investors, and explores the possibility that size creates a cost drag in others.
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OpinionSegregated mandates – a club for large pension schemes only
Data crunch: Dr Chris Sier’s latest cost data insight looks deeper into the divide between users of pooled funds and segregated mandates - and the tricky implications for schemes lacking scale.
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OpinionAsset allocation analysis reveals UK’s governance weakness
Data crunch: Another edition of Dr Chris Sier’s insights into cost data collection reveals an inability of large chunks of the UK scheme universe to fulfil their engagement duties fully, leaving policymakers with tricky questions over how to proceed on environmental, social and governance rules.
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OpinionIf you think you know your costs, you could be wrong - UPDATED
Data crunch: The third of Dr Chris Sier’s insights into cost transparency gets right to the heart of the issue: just how much of a pension schemes total costs were previously unknown?
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OpinionNot all asset managers are created equal
Data crunch: In the second instalment of a series distilling learnings from the Cost Transparency Initiative, ClearGlass’s Chris Sier names the asset managers that have actively supported schemes to better understand their costs.
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OpinionAsset managers are no longer the problem on cost transparency
Data crunch: In the first of a 10-part series on learnings from the Cost Transparency Initiative, the project’s leader, Chris Sier, busts the myth that asset managers are holding back better understanding of value for money.
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NewsNews UK partners with Scottish Widows on pension app testing
Newspaper publisher News UK is collaborating with Scottish Widows on the testing of a new member app, as the pensions industry counts the cost of its failed attempts to boost engagement.
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PodcastsPodcast: Three-month DB contribution holiday ‘might not be enough’
Podcast: Measures introduced by the Pensions Regulator – which allow employers to freeze their defined benefit obligations for three months in response to the economic fallout from coronavirus – might need to be reviewed, warned Emma Watkins, annuities director at Scottish Widows. However, she says the plan gives “breathing space to the most stressed pension schemes”, an opinion shared by Simon Kew, covenant adviser and former manager at the regulator.
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News
The People’s Pension introduces ‘criticised’ annual charge
The second-largest master trust in the UK is changing its charging structure and introducing an annual fixed fee, a model that other providers operate but which has been heavily criticised by experts.
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News
Northumberland and Tyne and Wear schemes plan merger
The government is planning to merge the Northumberland County Council Pension Fund into the Tyne and Wear scheme, in a move that would generate savings of up to 12 per cent a year.
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News
Charge cap could be a barrier to CDC, experts fear
A collective defined contribution pension scheme for Royal Mail employees is inching closer to the starting gate, but an amendment to the pension schemes bill to impose a charge cap could derail other nascent CDCs from ever getting off the ground, according to experts.
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OpinionMinister wide of the mark on self-employed
Instant analysis: Speeches made by government ministers at the Pensions and Lifetime Savings Association's conferences are one of the year's highlights for pensions policy-watchers, and often say as much about the person as the policies they launch.
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News
FCA drops cost requirement for all contract-based funds
On the go: The Financial Conduct Authority has ditched a requirement for workplace pension providers to disclose and illustrate the impact of charges on all of their defined contribution funds, after industry concerns were raised in consultation.
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News
Providers divided on mandatory simpler annual statements
Workplace providers such as Smart Pension and PensionBee are supporting the government’s intention to introduce a standardised annual statement, with calls for legislation if take-up from schemes does not increase.
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News
The People’s Pension fee structure changes delayed
On the go: Changes to The People’s Pension charges structure have been delayed after a problem was encountered during testing.