All Costs and charges articles – Page 23
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OpinionLPFA: Seize the opportunity
The LPFA’s new chair, Sir Merrick Cockell, says the argument for change across the LGPS is undeniable and schemes should seize the opportunity.
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Opinion
The DC Debate – does the future offer greater freedom, or further restrictions?
In this instalment of the DC Debate, our eight panel members discuss the effects of the new freedoms, continued legislation and compliance, and which value-for-money products are in the pensions pipeline.
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Opinion
The science behind DC redesign
DC Investment Quarterly: The introduction of freedom and choice and the charge cap this year marked two profound changes to the defined contribution marketplace, affecting both what DC investment products will be expected to deliver and the limits within which they have to deliver them.
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News
VAT burden shows little sign of abating as key deadline approaches
News Analysis: Employers need a better way of reclaiming VAT on behalf of their schemes than that set out by HM Revenue & Customs, lawyers say, as a December deadline for schemes to renegotiate service contracts looms.
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OpinionSomething's gotta give…
Editorial: At least that’s the message from UK plc, which is sounding off about the detrimental impact of the living wage coming into force next April.
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OpinionScheme fragmentation more stark in private sector than public
Data Crunch: The appointment last month of Edi Truell as the London Mayor’s new adviser on pensions and investments is part of an initiative, we are told, to amalgamate some of the country’s numerous public sector pension funds and aims to save billions of pounds through greater efficiencies, lower fees and improved returns.
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OpinionThe AE commission and consultancy charges conundrum
Who pays the tab for auto-enrolment remains a tricky problem. Perhaps it is time to look Down Under for the solution, says Mercer’s Gail Philippart.
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News
Invensys extends Pie to pensioners
Invensys Pension Scheme is expanding its pension increase exchange offering to retired members, as the company plans a bulk exercise for dependants and pensioners.
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Opinion
Transaction charges: What? Why? When?
From the blog: Debate about the disclosure of transaction charges has made waves across the pensions industry this year. Will the autumn bring a fresh set of challenges and paperwork for trustees and independent governance committees? Or is it possible to draw answers from information already out there?
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Opinion
Holiday reading: Transfers and exit charges – consultation basics
From the blog: The government has today launched a 12-week consultation into pension transfers, early exit charges and the provision of financial advice.
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News
LGPS sharpens focus on collaboration as consultation looms
News analysis: Local authority schemes are poised for the outcome of a consultation on collaboration which could compel them to pool their investment assets to save on costs.
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Opinion
Why it is crucial to get a handle on transaction costs
If defined contribution scheme members are to make confident investment decisions they need to be clear on costs, says Mercer’s Andrew Williams.
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Opinion
LPFA: Government gives vote of confidence to proactive LGPS funds
Talking Head: The government’s decision to reward ambitious funds that deliver savings and strong investment performance is a marker in the sand in addressing LGPS deficits, says LPFA’s Susan Martin.
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OpinionHow to cut costs through shared services
Schemes can benefit from cost efficiency by sharing services with their peers, says PTL’s Matt Riley.
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OpinionEditorial: One hundred days…
Last week saw us pass the somewhat arbitrary milestone of 100 days since the introduction of the freedoms, and providers and commentators rushed to give their take on the story so far.
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OpinionHappiness in a DC world – start with AVCs
From the blog: “Annual income twenty pounds, annual expenditure nineteen pounds nineteen shillings and six pence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds [n]ought and six, result misery.”
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OpinionSix test points for comparing fiduciary managers
JLT Employee Benefits’ John Finch gives six top tips for trustees to consider when choosing a fiduciary manager.
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News
Watchdog's new self-cert requirements will test DC governance
Defined contribution schemes will have to declare compliance with the charge cap, as the Pensions Regulator updates its scheme return form to reflect April's legislative changes.
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Features
Keeping track of value in DC
VFM and GMO are the key drivers for defined contribution pensions in 2015. But what do these handy acronyms actually mean and how are they being measured?
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News
Pension schemes spill into DGFs to lower volatility
Pension funds now have almost five times more invested in diversified growth funds than in 2010, research has shown, but experts emphasise the importance of careful selection when allocating to funds.