All value for money articles – Page 6
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OpinionCost disclosure is only valuable if you know how to use it
Cost disclosure will give the industry the injection of transparency it has needed for years – but what to do with the new data? John Simmonds of CEM Benchmarking outlines a strategy for making sense of costs.
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Opinion
Making retirement personal
Master trust Nest explains why a strong default option is crucial.
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OpinionCampaign for greater transparency is critical to proper governance
Chris Roberts at Dalriada Trustees explains the benefits of the FCA’s new requirements for fund managers to provide details of transaction costs when requested to do so by trustees or IGCs.
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OpinionChallenging providers is key to boosting value
Questioning service providers, understanding member preferences and striving to ensure effective governance can all help to boost value, explains Legal & General Investment Management’s Emma Douglas.
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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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OpinionMaster trust consolidation – at what cost?
Regulators should be wary of an overzealous insistence on consolidation to a specific number of mastertrusts, and must focus instead of clearly defined standards of governance, writes Colin Richardson from professional trustee company PTL.
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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?
AB Global’s David Hutchins on why the recent final report on asset management will set a welcome direction of travel, and why both consultants and trustees should be brought within the FCA framework.
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OpinionTransparency is not just about cost
Cost is important, but transparency can also give investors a better grip on risk, says Redington’s Dan Mikulskis.
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Opinion
DC Debate Q1 (part 2): How can the industry create value for savers?
In the first DC Debate of 2017, eight defined contribution specialists discuss the benefits of building a dashboard and look at the charge cap and whether the industry has come closer to defining value for money.
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News
DCIF: Mastertrusts must up their game on investment design
Mastertrusts must place greater importance on investment design to achieve the best possible outcomes for members, a new study suggests.
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Opinion
How has the debate on value for money developed?
Jacqui Reid from law firm Sackers takes a temperature check on the value for money debate.
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FeaturesSaul relocates trustees in cost-cutting drive
The Superannuation Arrangements of the University of London has saved more than £500,000 by relocating its trustee team as part of a wider push to improve cost efficiency.
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FeaturesLafargeHolcim reconstructs DC scheme
Building materials giant LafargeHolcim has changed the default fund and administration of its defined contribution pension scheme following a value-for-money assessment.
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News
FCA wants to strengthen duty on managers and consultants
About £109bn of investor assets is held by managers who charge high fees but do not offer significant variation from an index-tracking strategy, the Financial Conduct Authority’s interim report on competition in the asset management market has found.
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FeaturesDHL transition exercise delivers savings for members
Postal and logistics company DHL has saved £2.3m for members of its UK defined contribution pension fund by trading investments between members at no cost following an investment transition.
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OpinionBreak down DC charges to assess value for money
Value for money is at the heart of defined contribution, but asset manager AB’s David Hutchins says cheap investments do not always make for a cheerful retirement outcome.