All Costs and charges articles – Page 21
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News
FCA lights the way on transparency
‘A big flashing neon light’ marking the direction of travel on transparency has been lit by the Financial Conduct Authority with its proposal to make asset managers disclose transaction costs to defined contribution schemes.
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FeaturesDHL transition exercise delivers savings for members
Postal and logistics company DHL has saved £2.3m for members of its UK defined contribution pension fund by trading investments between members at no cost following an investment transition.
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Opinion
Active management of passive funds – a viable strategy for DC?
Since the introduction of freedom and choice, value for money has been high on the agenda for defined contribution schemes. As trustees try to keep on top of costs, could an active asset allocation approach work for schemes with underlying passive funds?
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News'Patchwork quilt' of solutions threatens drive for transparency
Regulators and consumer groups have been warned against installing a “patchwork quilt” of solutions to increase transparency in asset management, as remedies to hidden charges within funds begin to emerge.
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FeaturesBBC aims to drive down fees in private markets strategy
The BBC scheme lowered its overall investment management fees by £3m over five years, while further increasing its significant exposure to private markets, a move the scheme says allows it to match liabilities at the same time as generating capital growth.
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OpinionThe truth about investment costs
From the blog: Investing can be an expensive business. Management fees, broker spreads, custody charges, administration costs, platform fees – it is all too easy for investors to see their hard earned returns eaten away.
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NewsGovernance is key as dispute rocks asset management industry
Research suggesting that hidden fund fees are the “Loch Ness Monster of investments” has sparked the latest round of a bitter row between the Investment Association and pro-transparency groups.
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NewsRailways scheme on track with cost management
The Railways Pension Scheme has saved £100m in fees, having restructured its external management and pooled fund arrangements, but despite being cost-conscious, the fund remains focused on net returns.
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OpinionTransaction costs – is there a problem, and how can it be solved?
Mercer Investments’ Stanko Milojevic explains how investors can avoid paying too much for transactions.
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OpinionData crunch: The LGPS and cost efficiency
In 2015 the chancellor announced proposals to pool the assets of the 89 Local Government Pension Scheme funds across England and Wales into at least six “British Wealth Funds”, each with a minimum size of £25bn.
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News
Proposed early exit charge cap gets mixed response
The Financial Conduct Authority yesterday proposed capping exit charges at 1 per cent of pot value for existing contracts, while banning them altogether for future contracts.
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News
Hogg Robinson pays £12.8m in rectification case
Corporate travel company Hogg Robinson has incurred £10.5m in past service costs and £2.3m in legal costs following rectification of a mistake in a deed of amendment to the scheme.
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News
Hidden charges weigh pension pots down
Pensions are being hit by more than 100 costs and charges, many of them hidden, which are potentially taking as much as a third off the gains of a pension over its lifetime, a study by the Transparency Task Force has found.
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NewsNetwork Rail plans £19m savings following NI cost hike
Network Rail expects to save around £19m annually following a swath of amendments to two of its schemes to mitigate the increased costs of contracting-out cessation, as many schemes either absorb the cost or close.
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FeaturesFallout from contracting-out continues at Bombardier
Workers at engineering company Bombardier are considering industrial action over employer plans to pass on the cost of contracting-out cessation to members of two of its defined benefit schemes, while sharing the cost for the Railways Pension Scheme.
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OpinionBreak down DC charges to assess value for money
Value for money is at the heart of defined contribution, but asset manager AB’s David Hutchins says cheap investments do not always make for a cheerful retirement outcome.
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OpinionWhat does Iain Duncan Smith's resignation mean for pensions?
There was a big upset in Westminster over the weekend as former secretary of state for work and pensions Iain Duncan Smith resigned in protest over the chancellor’s latest round of benefit cuts.
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NewsRPMI dedicates staff to cost investigation
PLSA Investment Conference: The Railways Pension Scheme has hired a full-time employee to investigate investment costs paid by the scheme, after discovering it was paying four times what it had thought.
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Opinion
Innovation within the charge cap
DC Investment Quarterly: Ever since defined contribution funds have had to demonstrate value for money to members, they have sought to drive up performance of the investment strategy while controlling volatility.
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NewsRoyal London publishes first IGC report but independence questions remain
Royal London has become the first provider to release an independent governance committee report, providing key insights into how committees are defining value for money and dealing with legacy pension schemes.