All Costs and charges articles – Page 24
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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.
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Opinion
Why investors should customise private equity for greater control
The alternative investment industry faces a transformation in the way it works with clients.
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FeaturesCutting scheme costs in lean times
Any other business: Whitehall braced itself for a further 100,000 job losses over the next five years, as the new government announced cost-cutting measures across the civil service this week.
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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?
Tom McPhail of Hargreaves Lansdown predicts the direction each party will take on pensions if they win the general election.
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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.