All Costs and charges articles – Page 16
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Features
Should there be an industry-wide methodology for measuring value?
An agreed definition of value for money may help schemes measure value, but it is more important that trustees understand what they are buying and why.
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OpinionWhy would anyone set up a trust-based scheme today?
Secondsight’s Matthew Mitten explains the shift from trust-based to contract-based defined contribution schemes, arguing that individuals should be encouraged to engage with their pension through innovative workplace education rather than relying on a board of trustees to make decisions on behalf of the masses.
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OpinionIncreased self-service will boost data quality and raise admin standards
Good-quality, complete data is essential for pensions administration. Heather Quelch, head of pensions administration at TPT Retirement Solutions, discusses data cleansing and the importance of self-service for members.
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News
ACA and Royal London call for radical simplification of DB rights
Consumers and employers could reap substantial benefits if the complex patchwork of defined benefit pension rights could be radically simplified, according to a recent policy paper.
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OpinionInvesting in alternatives: Opportunities and obstacles
While there are plenty of opportunities for pension schemes when it comes to alternatives, there are also a number of obstacles to investing in these asset classes, explains Hymans Robertson’s Adam Porter.
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Opinion
DC Debate Q4: A pensions policy wishlist
After many years of tinkering, many in the pensions industry pray for no news and stability in the Department for Work and Pensions’ policy announcements. But what changes could benefit savers, rather than the taxman? Five defined contribution experts discuss.
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News
New group set to bring in more transparency around charges
On the go: An industry group has been set up to work on implementing, promoting and encouraging the use of new cost transparency templates across the pensions and investment industries, with the aim of encouraging more consistent disclosure of costs.
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OpinionHave we entered a new investment fee paradigm?
Data Crunch: Recent investment fee-related headlines from across the globe have created shockwaves that are rippling through the asset management industry.
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OpinionTech can bring sophisticated quant closer to smart beta budget
The new wave of factor-based strategies is focusing around increasing the sophistication of clients’ exposures, writes Schroders’ Ashley Lester. Harnessing technology will be key to keeping it within reach of cost-constrained pension funds.
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NewsPatient capital in DC: Worth the risk?
From the blog: Philip Hammond wants pension funds to invest in patient capital, and publishing a policy paper on the subject for the second Budget in a row, it appears his approach is rather, well, patient.
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Features
Investment consultants could be under microscope for next decade
Analysis: Investment consultants may have escaped the more stringent of the recommendations in the Competition and Markets Authority’s provisional decision earlier this year, but experts have said that the scrutiny of the market is unlikely to end at Christmas.
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Opinion
Many schemes are still not engaging on costs
Better disclosure standards for investment costs are unlikely to spur a flood of terminated mandates, says CEM Benchmarking’s John Simmonds, but if used properly will make trustees better buyers of asset management services.
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News
Opperman's consumer choice AE meeting draws ire of industry
Workplace pension providers and advisers have expressed fury at reports that minister for pensions and financial inclusion Guy Opperman will attend a meeting to discuss letting members choose their auto-enrolment provider.
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News
Transaction costs make up quarter of management fees
Some of the largest pension funds in the world are paying an average of 86.3 basis points in total annual investment costs, with 24 per cent of these fees made up of transaction costs, according to new research.
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OpinionCMA investigation: Less talk, more action required
The impact of the Competition and Markets Authority’s recent investigation will depend on the way its recommendations are implemented, writes PwC’s Keira-Marie Ramnath, but in the meantime there are simple ways for trustees to better assess value for money from advisers.
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OpinionTransparency welcome, but method for managing info yet to be agreed
Despite the new requirement for transaction costs to be disclosed in a clear and meaningful way, full transparency is yet to be achieved and a method for dealing with the information in a proportionate and effective manner is yet to be agreed, says PTL’s Melanie Cusack.
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OpinionSchemes must not let consultants hide behind advice excuse
We all know that trustees should assess the performance and value for money provided by their investment consultants – the real question is how to achieve this, says CEM Benchmarking’s Tej Dosanjh.
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News
PLSA pitch for light-touch tender rules raises eyebrows
The Pensions and Lifetime Savings Association has called for mandatory fiduciary management tenders mandates to be closed processes with no minimum number of applicants, but some experts have questioned whether the move would do anything to change the status quo.
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OpinionFinancial health matters
Editorial: I like to think that most employers take their workers’ wellbeing seriously.
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OpinionSelect committee’s new inquiry misses the point
From the blog: It is bizarre that the Work and Pensions Committee is questioning whether people understand the cost and value for money of their pension products when the Financial Conduct Authority has only just published research that answers their question.