All transparency articles – Page 3
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OpinionA sharper pensions system offers savers safe harbour
If there is any positive to be taken from the downfall of ‘star’ fund manager Neil Woodford, the source of much chatter in the investment world this month, it is that it reminds us of the value of workplace institutions and the collective saving systems we enjoy in the UK.
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News
AMNT blasts managers’ ‘blanket refusal’ to accept scheme voting policies
On the go: The Association of Member Nominated Trustees has lodged a formal complaint with the Financial Conduct Authority as asset managers of pooled funds, in almost a “blanket refusal”, are not accepting the stewardship voting policies of their pension scheme clients.
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News
Templates launched to improve cost transparency in £2tn industry
On the go: The Cost Transparency Initiative has unveiled its templates and guidance for asset managers and suppliers of services to pension schemes, encouraging reporting of costs and charges in a standardised format so trustees can easily compare managers and asset classes.
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News
Select committee gives pension industry low marks for transparency
On the go: The pensions and financial inclusion minister Guy Opperman, and John Glen, the economic secretary to HM Treasury, were grilled by the Work and Pensions Committee investigating pension costs and transparency on Wednesday.
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OpinionKeep in mind the member impact of pension changes
There is a danger that we in the industry focus on numbers and theory when discussing the latest pension trends – for those not on the frontline dealing with members it can be all too easy to miss the human impact of decisions made by trustees, sponsors, advisers, providers and government.
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OpinionDC governance: How to ensure your scheme is on the right track
When it comes to ensuring good governance, few things are more important than the process applied to the default investment strategy, says AllianceBernstein’s David Hutchins.
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Opinion
DC Debate Q4: A pensions policy wishlist
After many years of tinkering, many in the pensions industry pray for no news and stability in the Department for Work and Pensions’ policy announcements. But what changes could benefit savers, rather than the taxman? Five defined contribution experts discuss.
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News
New group set to bring in more transparency around charges
On the go: An industry group has been set up to work on implementing, promoting and encouraging the use of new cost transparency templates across the pensions and investment industries, with the aim of encouraging more consistent disclosure of costs.
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Opinion
Many schemes are still not engaging on costs
Better disclosure standards for investment costs are unlikely to spur a flood of terminated mandates, says CEM Benchmarking’s John Simmonds, but if used properly will make trustees better buyers of asset management services.
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News
Transaction costs make up quarter of management fees
Some of the largest pension funds in the world are paying an average of 86.3 basis points in total annual investment costs, with 24 per cent of these fees made up of transaction costs, according to new research.
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OpinionCMA investigation: Less talk, more action required
The impact of the Competition and Markets Authority’s recent investigation will depend on the way its recommendations are implemented, writes PwC’s Keira-Marie Ramnath, but in the meantime there are simple ways for trustees to better assess value for money from advisers.
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OpinionTransparency welcome, but method for managing info yet to be agreed
Despite the new requirement for transaction costs to be disclosed in a clear and meaningful way, full transparency is yet to be achieved and a method for dealing with the information in a proportionate and effective manner is yet to be agreed, says PTL’s Melanie Cusack.
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OpinionSin stocks under scrutiny
Editorial: Responsible investment campaigners notched a significant win last week, with the government publishing long-awaited regulations on environmental, social and governance disclosures.
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News
One-fifth of FTSE 350 companies do not declare DB funding positions
Employers should be legally required to disclose their defined benefit scheme deficits on a technical provisions basis, along with details of the associated recovery plan durations and contributions agreed, Lincoln Pensions has said.
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News
PLSA pitch for light-touch tender rules raises eyebrows
The Pensions and Lifetime Savings Association has called for mandatory fiduciary management tenders mandates to be closed processes with no minimum number of applicants, but some experts have questioned whether the move would do anything to change the status quo.
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OpinionSelect committee’s new inquiry misses the point
From the blog: It is bizarre that the Work and Pensions Committee is questioning whether people understand the cost and value for money of their pension products when the Financial Conduct Authority has only just published research that answers their question.
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News
Select committee launches costs and transparency inquiry
The Work and Pensions Committee is to conduct an inquiry into transparency in the pensions industry, questioning whether individuals are able to understand the cost, performance and value for money of their pension products.
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NewsMandatory tenders welcomed by pensions industry
UK pension schemes will be required to conduct competitive tender processes before hiring their first fiduciary manager, under recommendations set out by the Competition and Markets Authority on Wednesday.
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News
CMA wants mandatory tendering to tackle competition weaknesses
On the go: UK pension schemes will be required to conduct competitive tender processes before hiring their first fiduciary manager, under recommendations set out by the Competition and Markets Authority on Wednesday.
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OpinionIDWG cost disclosures are only the beginning
The code submitted by Chris Sier’s working group on cost disclosure should make a material and positive difference to the industry, writes the Society of Pension Professionals’ president Paul McGlone, but schemes have an obligation to make use of this new information.