All Costs and charges articles – Page 28
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News
How the OFT report affects your scheme
The Association of British Insurers will audit contract and bundled schemes at risk of being poor value for members, following the Office of Fair Trading’s investigation into the market.
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Opinion
What a 1% cap could mean for AE value
Price cap in, price cap out. Last week’s report from the Office of Fair Trading did not immediately recommend a limit on the amount auto-enrolled savers can be charged for investment and administration of their retirement savings, but the watchdog may return to the question in future.
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NewsTfL weighs up fee bump from strategy shift
TfL Pension Fund had its investment management expenses increase by almost a fifth in the year to March, partly due to a strategy shift that added eight investment managers.
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Opinion
The cost obsession is creating a false dichotomy
For the pension savers brought on through auto-enrolment, it is too simplistic to equate lower-cost funds with good value, argues Jupiter’s Charlie Crole in the latest Informed Comment.
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Opinion
Editorial: Speak softly and carry a big stick
We may have taken our annual print break over the past three weeks, but online at pensionsweek.com we’ve ensured our summer holiday readers had plenty to browse through.
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NewsAxa ups benefit in final deal on DB scheme closure
Axa has confirmed it will close its UK defined benefit scheme from next month following a review, with current members receiving additional pension payments under the final agreement.
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News
Chiltern funds target £2.5m merger saving
Oxfordshire, Buckinghamshire and Berkshire councils are in preliminary talks about merging their pension funds in an attempt to save £2.5m a year, as more local authority schemes club together to reduce costs.
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Opinion
Why pooling local govt funds would boost fees battle
Cutting investment costs should be an overriding focus for schemes, and pooling local authority funds could help this quest, argues SCM Private’s Gina Miller in the latest edition of Informed Comment.
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Opinion
Why pounds-and-pence charges are not enough
Communication consultancy AHC’s Karen Partridge explains why “total transparency about charges” is a good first step to transparency, but only a first step, in the first edition of Informed Comment.
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News
Printing scheme uses AE to trim 5bp off member fee
The Printing Industry Pension Scheme has used auto-enrolment to negotiate a reduction of 5 basis points in its flat fee for members, as the industry looks for ways to lower charges.
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FeaturesHow to get value for money from investment fees
In the first instalment of a schemeXpert.com research project into pension fund attitudes to asset management fees, we look at getting value for money.
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Features
Schemes set out opposition to opacity on fees
The vast majority of schemes find the lack of transparency in fund management charges a major concern, according to the third part of schemeXpert.com’s investigation into pension scheme attitudes.
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Features
How to communicate investment fees to members
In the final instalment of the fund fees survey, schemes outline how they educate and update their members on the impact of charges on their investments.
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Features
Schemes warn managers on investment fee add-ons
In the second part of schemeXpert.com’s fund management fee survey, we look at what additional charges schemes are willing to accept and how they evaluate them.
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Features
Pensions Trust saves £1m by renegotiating fund fees
The multi-employer charity plan reduced its fund management fees by 6.5% last year, and consultants claim other schemes could save up to 25% through renegotiating management charges.
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Features
Debate over DC default fee divides schemes
In the run-up to auto-enrolment, DC schemes are in disagreement over the acceptable level of charges for the default option, a schemeXpert.com survey has shown.
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Features
Survey: Schemes favour active management for fixed income
A surprising number of schemes are fans of an active management approach to fixed income. David Rowley quizzed schemes and trustees on why this is so.
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Features
Why 83% of Arup members make max contributions
Since setting up a contract-based DC scheme last year, Arup has seen 83% of its members make maximum contributions. Owen Walker discovershow.
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Features
Small schemes urged to pool funds to reduce fees
The Association of Member Nominated Trustees has called for small schemes to consider pooling to reduce their investment fees. Tanya Ashreena analyses the process
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Features
Thomas Miller confronts volatility with DC default design
Owen Walker discovers how the Thomas Miller pension scheme introduced absolute return funds to its defined contribution (DC) default option to provide members with a better savings experience.