Fee transparency

The Financial Conduct Authority (FCA) has confirmed the 20 members and four observer organisations of its Institutional Disclosure Working Group.

Royal London Asset Management (RLAM) has become the latest asset manager to sign up to the £217bn Local Government Pension Scheme's (LGPS) code of transparency.

The Financial Conduct Authority (FCA) has appointed Chris Sier to chair its working group on disclosure of costs and charges for institutional investors.

This week's top stories include The Pensions Ombudsman rejecting a complaint against Standard Life for refusing to provide a second transfer value quotation.

Disclosure codes for costs and charges on pension funds need to show both the amount and impact of costs, due to their compounding effect.

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

This week we want to know whether member-nominated trustees should be paid in addition to being reimbursed for travel and other expenses.

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.

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.