All value for money articles – Page 5
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OpinionCMA investigation: Less talk, more action required
Proposals made by the Competition and Markets Authority to improve investment consultancy and fiduciary management were more evolutionary than revolutionary, and most participants are in broad support of them.
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OpinionTransparency welcome, but method for managing info yet to be agreed
The increased scrutiny of investment costs by UK pension schemes is gradually resulting in greater transparency, yet despite the requirement for transaction costs to be disclosed in a clear and meaningful way from earlier this year, full transparency is yet to be achieved.
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News
DC value: Small schemes falling short of standards
On the go: Small defined contribution schemes are not meeting the Pensions Regulator’s expectations when it comes to demonstrating value for members, according to its latest research.
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OpinionSchemes must not let consultants hide behind advice excuse
We all know that trustees should assess the performance and value for money provided by their investment consultants – the real question is how to achieve this.
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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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OpinionMaking data count – how to use the IDWG cost code
From the blog: Following nine months of detailed work by the members of the Financial Conduct Authority’s Institutional Disclosure Working Group, new cost data templates will, for the first time, provide an industry-agreed, consistent approach to collecting this important information.
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OpinionWhat could we expect from the regulators’ joint pension strategy?
The Pensions Regulator and the Financial Conduct Authority are currently consulting on their joint strategy for regulating the pensions and retirement income sector.
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OpinionPutting a value on your future
Anybody buying a new car or booking a holiday usually likes to spend some time to ensure they get the best value for their money.
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OpinionHow can employers, providers and trustees work together to ensure good governance?
Rosemary Lemon from Hays, Caroline Roberts from Visit Britain, Nasir Rafiq from Islamic Relief Worldwide, Mark Rowlands from Nest, Ami Bartrip from the Financial Times, Jason Green from Finance & Technology Research Centre and, Andy Cheseldine from Capital Cranfield, discuss the importance of governance in delivering good member outcomes.
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Opinion
Trustees must delve deeper to provide value for members
Millennials will be the first generation to benefit from auto-enrolment and may even have a £1m pot to enjoy in retirement, according to the Pensions Policy Institute.
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OpinionCost disclosure is only valuable if you know how to use it
Bond and equity returns over the past 30 years have exceeded long-term averages and are widely regarded as unsustainable. As investment costs take a bigger slice of the return ‘cake’ when returns are low, it is unsurprising that investor attention is turning to cost.
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Opinion
Making retirement personal
Five years have passed since the UK’s largest employers went through auto-enrolment. A number are starting to review the decisions they made and some are considering if those choices are still giving their employees the best possible outcomes at retirement.
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OpinionCampaign for greater transparency is critical to proper governance
From January 3, asset managers have been required to provide details of transaction costs when requested to do so by trustees or independent governance committees.
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OpinionChallenging providers is key to boosting value
Since April 2015, trustees have had to decide whether the costs paid by their members are good value. But how do they do this?
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Features
What schemes can do to drive value for members
The job of a defined contribution default fund is simple; to generate enough savings to fund a meaningful income for an individual at retirement. Of course, in the real world, it is not as straightforward as that.
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OpinionHow to get a good deal from your TPA
Pension schemes exist with the sole purpose of providing members with the right pension at the right time. The administration provider is key to fulfilling this purpose and ensuring a positive member experience, writes Dalriada’s Adrian Kennett.
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OpinionMastertrust consolidation – at what cost?
There is currently a great deal of emphasis on the consolidation of mastertrusts in the market. Perhaps there has not been enough on how this can be achieved in an orderly way, leading to a positive outcome for all.
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OpinionDoes your scheme offer value for money?
Comparing schemes on value for money is not an easy task. Costs and fees vary in level and structure. Past performance is an imperfect measure of future success.
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Opinion
How can DC schemes deliver value for money?
There are few more prolific terms overheard in the pensions industry than value for money, and far fewer that evade objective definition quite so comfortably.
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OpinionWill the FCA market study revolutionise pensions?
The Financial Conduct Authority’s asset management market study is finally with us, but despite the dramatic headlines, the final report turned out not to be the ‘game changer’ that some hoped for and others feared.