cost transparency

Shadow pensions minister Alex Cunningham says the FCA's final report on the asset management market is a turning point and urges the government to take action

Legal & General Investment Management (LGIM) has signed up to the code of transparency created for the Local Government Pension Scheme (LGPS), bringing the total number of signatories to five.

The industry has warned that asset managers which fail to sign up to the code of transparency will face tough scrutiny by schemes and could risk being sacked.

A governance tool to give defined benefit (DB) schemes a full overview of their administration and investment costs has been launched by KAS Bank.

The West Midlands Pension Fund is well on the way to full transparency, and has already used it to challenge managers on fees and exit high cost funds, CIO Jason Fletcher tells Stephanie Baxter.

This week's top stories include coverage of a green paper response which said The Pensions Regulator needs to be investigated and the Pension Protection Fund privatised.

Stephanie Baxter says the launch of a transparency code shows the balance of power is finally starting to move in the direction of investors.

As a transparency code is launched for the Local Government Pension Scheme, Stephanie Baxter looks at how it could set a gold standard across the industry.

The Local Government Pension Scheme Advisory Board (SAB) has launched a transparency code to help schemes get a better handle on their costs and fees.

The Investment Association (IA) has said it will work with regulators and other trade associations to develop a consistent disclosure code across all asset types.