All Costs and charges articles – Page 17
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NewsFCA recommends investment pathways for drawdown
The Financial Conduct Authority has proposed that pension providers are required to develop three ready-made investment pathways to help confused drawdown customers, but has shied away from imposing a charge cap on the products.
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News
Disclosure standard aims for strengthened trustee buy side
Investment consultants could be required to disclose scheme data allowing clients to judge the quality of their advice under a new performance framework, which has already attracted positive early statements from two top 10 firms including 'big three' member Mercer.
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OpinionMistakes of annuity regime are being repeated
From the blog: The willingness of government and regulators to take a pragmatic approach to so-called pensions freedom will be tested over the next few weeks.
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News
Lack of trustee engagement leads to higher fees, CMA finds
The Competition and Markets Authority has turned its attention to the negotiation abilities of trustee boards, with a working paper that highlights the benefits of engaging third-party oversight of consultants or fiduciary managers.
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Features
Are diversified growth funds the place to be?
Analysis: Experts remain divided over the value offered by diversified growth funds. While DGFs offer a source of return that comes with reduced risk and daily pricing, they have come in for criticism in recent years over a perceived lack of performance and value.
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OpinionDoes the DC charge cap hinder value for money?
The focus on costs in recent years has led to a number of trends that may not be in the long-term best interests of members, writes Redington’s Jon Parker.
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News
Now Pensions default struggles as industry lacks standardisation
Now Pensions has the worst performing default fund of any major defined contribution provider, according to a new report by product review company Defaqto.
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News
FCA tackles information deficit with new rules and consultation
The Financial Conduct Authority has published new rules on the duties of fund managers and is launching a consultation on proposed rules and guidance for improving fund information for investors.
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News
PwC probed on Carillion fees and conflicts
MPs have grilled PwC partners on fees and the safeguards the accountancy firm put in place to prevent conflicts of interest arising from its various roles regarding collapsed contractor Carillion.
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FeaturesJLR drives down costs with DC strategy refresh
UK automotive stalwart Jaguar Land Rover has embarked on a complete overhaul of its defined contribution offering in a bid to drive down costs and improve member outcomes.
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News
IDWG chair calls for reform by April
PLSA Investment Conference 2018: Chris Sier, chair of the Financial Conduct Authority’s Institutional Disclosure Working Group, has called for the introduction of reforms promoting asset management transparency by the beginning of April.
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OpinionCost disclosure is only valuable if you know how to use it
Cost disclosure will give the industry the injection of transparency it has needed for years – but what to do with the new data? John Simmonds of CEM Benchmarking outlines a strategy for making sense of costs.
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Features
Why DC default investments matter for members
Analysis: More than 90 per cent of savers enrolled in a pension choose to remain in the default option, making it imperative that its investments match members’ needs and offer value for money.
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Features
Solving consultancy's transparency problem
Analysis: The first findings to be presented by the Competition and Markets Authority show that no one is squeaky clean in the investment consulting and fiduciary management businesses. How can both products become more transparent?
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News
Trustees lack info to judge fid man and consultant VfM, finds CMA
Competitive processes are not providing customers with the necessary information to judge the value for money of investment consultants and fiduciary managers, the Competition and Markets Authority has said.
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News
DWP changes DC cost disclosure rules
On the go: The Department for Work and Pensions has made a number of changes to disclosure rules relating to costs and investments in defined contribution workplace schemes.
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OpinionInvestment transitions: How to ensure a smooth changeover
P-Solve’s Matthew Simms explains how to ensure the right balance between speed and managing costs and risk during investment transitions.
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News
IGC reporting fails to identify value for money
Independent governance committees are failing to adequately report the value for money represented by their respective providers, according to a new report ranking the committees on scrutiny and transparency.
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OpinionCampaign for greater transparency is critical to proper governance
Chris Roberts at Dalriada Trustees explains the benefits of the FCA’s new requirements for fund managers to provide details of transaction costs when requested to do so by trustees or IGCs.
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News
Consolidation could see 4 in 5 schemes disappear
Consolidation will see just 1,000 defined benefit schemes still operating in 25 years’ time, according to a new report, but some experts doubt the appetite from government or the private sector to bring about economies of scale.