UK/EUROPE - Pension schemes could be paying above the odds on foreign currency transactions. According to Mercer Investment Consulting and Record Currency Management, foreign currency is often traded at uncompetitive rates. A closer look at these rates could mean significant savings for many schemes.
Head of the European custody group at Mercer, Mark Walker, said: Pension funds often pay little attention to foreign currency transaction costs, and better management of these transactions can enha...
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