All transparency articles – Page 2
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OpinionSmall schemes lagging larger peers on cost transparency
Data crunch: Chris Sier runs the rule over the government’s response to the ‘Review of the default fund charge cap and standardised cost disclosure’ and asks whether voluntary submission of cost and performance data by asset managers is the way forward.
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OpinionDC costs need more transparency to create member confidence
AllianceBernstein’s portfolio manager of multi-asset solutions, David Hutchins, suggests a series of changes to defined contribution costs and charges in light of the review launched by the Department for Work and Pensions in this space.
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OpinionCost data collection – is it all worth it?
Data crunch: In the final instalment of his series analysing findings from the Cost Transparency Initiative, Chris Sier of ClearGlass asks what schemes should actually do with their own data.
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News
Work and pensions committee urged to open inquiry into scams
On the go: The head of a transparency pressure group has written to the chair of the work and pensions committee to request it opens an inquiry into the scope and extent of pension scams.
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OpinionWhat role does culture play in value for money?
Data crunch: ClearGlass’s Chris Sier shows that the best active funds are usually run by the lowest-cost managers, and asks whether fund houses’ readiness to provide data can be shown to be a sign of good net performance.
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News
Transparency initiative adds new tools following industry support
On the go: The Cost Transparency Initiative has released additional resources and a new set of tools aimed at encouraging more schemes and asset managers to sign up to the standard, following a strong show of support by the industry for the framework it published last year.
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OpinionThe £1bn myth: how scheme-level costs change with size
Drawing together conclusions of recent articles, ClearGlass’s Chris Sier shows that merely making it past the magic £1bn does not automatically deliver scale benefits to members.
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OpinionDoes paying more deliver more performance?
Data crunch: You get what you pay for, right? As far as fund management is concerned, this old adage does not quite ring true, although as ever there are some caveats, argues ClearGlass’s Chris Sier.
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OpinionSegregated mandates – a club for large pension schemes only
Data crunch: Dr Chris Sier’s latest cost data insight looks deeper into the divide between users of pooled funds and segregated mandates - and the tricky implications for schemes lacking scale.
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OpinionAsset allocation analysis reveals UK’s governance weakness
Data crunch: Another edition of Dr Chris Sier’s insights into cost data collection reveals an inability of large chunks of the UK scheme universe to fulfil their engagement duties fully, leaving policymakers with tricky questions over how to proceed on environmental, social and governance rules.
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OpinionIf you think you know your costs, you could be wrong - UPDATED
Data crunch: The third of Dr Chris Sier’s insights into cost transparency gets right to the heart of the issue: just how much of a pension schemes total costs were previously unknown?
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OpinionNot all asset managers are created equal
Data crunch: In the second instalment of a series distilling learnings from the Cost Transparency Initiative, ClearGlass’s Chris Sier names the asset managers that have actively supported schemes to better understand their costs.
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OpinionAsset managers are no longer the problem on cost transparency
Data crunch: In the first of a 10-part series on learnings from the Cost Transparency Initiative, the project’s leader, Chris Sier, busts the myth that asset managers are holding back better understanding of value for money.
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NewsMPs up pressure on govt over non-commercial dashboard
The government’s failure to commit to a rollout timetable for a new pensions dashboard with state pension data was criticised on Saturday by the Work and Pensions Select Committee.
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OpinionDC schemes: Is it time for a reboot?
Buck’s Mark Pemberthy says pro-transparency regulation is welcome, but risks overlooking wider requirements for defined contribution stakeholders to report on how they help members achieve an adequate retirement.
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News
One in five asset management mandates highly unsatisfactory
A worrying number of trustees are unhappy with the service provided to them by their asset managers, new figures have revealed.
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News
Dichotomy between FTSE chiefs and workers’ pensions remains
On the go: Just 30 per cent of FTSE 100 companies have pledged to cut their pension payments for their directors, following a campaign by the Investment Association on excessive boardroom pay.
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OpinionTime for a summer stocktake
Julian Mund, the Pensions and Lifetime Savings Association’s chief executive, reflects on 2019 so far – from master trust authorisation to impressive auto-enrolment figures. But despite some positive developments this year, Mr Mund notes that there is still a significant amount of uncertainty over what the next few months have in store for the pensions industry.
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News
MPs urge DWP to review scope and level of charges cap
The Work and Pensions Committee is ramping up the pressure on the government and the Financial Conduct Authority to cap the level of charges on default retirement products.
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News
Active equity fees fall by 11 per cent since 2017
On the go: The average fee for an active global equity mandate has fallen by 11 per cent since 2017, according to consultancy LCP, as competition from low-cost index tracking vehicles sees costs improve across most asset classes for institutional investors.