All Costs and charges articles – Page 24
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Opinion
Time to count the cost of currency trading
With regulatory focus on high fund management charges, Yossi Brandes says benchmarking FX costs could save schemes millions of pounds.
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Opinion
What we can learn from how £1bn-plus schemes control costs
The future for final salary pension provision looks bleak. So goes the rhetoric: benefit rules, EU legislation, the Pension Protection Fund levy and more, have been blamed for increasing costs and hammering that final nail in the defined benefit coffin.
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Opinion
What will the election result mean for the pensions industry?
We’re on the final run in to the general election and still have no clear idea what the next government might look like.
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News
NAPF seeks certainty over non-default fund switching rules
The National Association of Pension Funds has written to the government to demand clarification on the movement of non-default members between funds, to ease trustee uncertainty around charge cap regulations.
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Opinion
How the DC landscape will change in a 75bp world
JPMorgan’s Simon Chinnery warns of the effect the forthcoming charge cap on investments will have, and points to a flexible and inexpensive default fund.
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News
NAPF launching scheme guide to investment management agreements
The contractual relationship between trustees and their asset managers will come into focus in a new guide to investment management agreements, being launched by the National Association of Pension Funds tomorrow.
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News
Industry mulls impact of Labour drawdown cap pledge
Analysis: Experts have raised questions about a possible cap on drawdown charges proposed by Ed Miliband last week, as the industry braces itself for the reforms and an uncertain general election outcome.
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Opinion
How collaboration could save LGPS £80m a year in fees
Talking head: LPFA’s Susan Martin says collaborating to reduce investment fees plays an important role in the bigger picture of securing members’ benefits.
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News
Pressure for transparency builds as City watchdog loads on demands
The Financial Conduct Authority delivered a defined contribution charges double-whammy this week with the release of its final rules for the default fund charge cap plus a call for evidence on the disclosure of transaction charges.
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Opinion
How a secondary market is starting to change fid man
Mercer’s Michael Dempsey outlines how schemes can benefit from fiduciary management’s secondary market, brought about by rapid growth in the sector.
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News
Merseyside uses FX rate benchmark to cut fees
Merseyside Pension Fund has used foreign exchange rate benchmarking to hold its banks to account and secure cost reductions, as local authority schemes put increasing fee pressure on their investment counterparties.
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Opinion
Why like-for-like fee comparisons may not be the answer
Vanguard’s Richard Withers says while transparency and the ability to compare charges is desirable, investors will only find such disclosures relevant if they are able to compare apples with apples.
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News
Fund management body sets out charges disclosure plan
Industry experts have welcomed proposals on charges and transaction costs from the Investment Association, but warned trustees should not make fees their only focus.
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Opinion
Strength in numbers: how your scheme can use the power of collaboration
With hundreds, thousands or even tens of thousands of members paying in every month, much of the strength of pension schemes as investors is based on the power of economies of scale. But can this effect be compounded further when schemes pool resources?
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OpinionEditorial: Adding pages to the rulebook
"Clearer, perhaps tougher... governance is not automatically more effective," wrote Richard Butcher in last week's Informed Comment. Bad decisions can still be made within a decent structure.
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News
Regulatory overhaul creates ‘perfect storm’ for DC schemes
Defined contribution schemes were hit with a slew of regulation last week across contract-based and trust-based provision, as the government and the City watchdog attempted to unify standards in these two areas.
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News
Jaguar Land Rover drives down DC charges by a tenth as cap bites
Carmaker Jaguar Land Rover has cut its defined contribution scheme charges by 10 per cent as the imminent fees cap pushes down costs for savers across trust and contract-based schemes.
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Opinion
Five objectives and five risks for DC
Talking head: Nest’s CIO Mark Fawcett puts together a 10-point framework for DC trustees, arguing for a focus on growth, flexibility and cost, while managing inflation and longevity.
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News
When it comes to expenses, trustees face having their belts tightened
Rolling into the office after 12 indulgent days of Christmas, trustees and scheme managers may be tempted to brighten up a gloomy January, but scheme expenses could be squeezed this year.
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Opinion
Five entirely depressing findings from the DC charges audit
If the workplace pensions industry should be judged by how it treats its existing customers, then today's revelations on scheme charges find it at best unfair and at worst extortionate.