Some pension schemes could be paying investment managers 70% more in fees compared to six years according to Lane, Clark and Peacock (LCP).
'Asset management is a simple business but it's not an easy business'
IGCs and trustees are still a long way from getting transparency on transaction costs, finds PP.
BlackRock has been chosen to run nearly £2.8bn of passive assets by the eight Local Government Pension Schemes (LGPS) known collectively as the Welsh Funds.
The UK watchdog has discovered problems with how some asset managers market their funds after finding several actively managed products that in reality closely track benchmarks.
Aegon is reducing or simplifying charges for over 600,000 contributing members of workplace schemes, according to its independent governance committee (IGC).
Despite heightened awareness of index huggers, this cosy practice is still a big problem, finds PP.
Michael Klimes looks at the latest proposal to bring transparency on asset manager costs.
The Investment Association (IA) has introduced a working group to help establish a new code for disclosing asset management fees and costs.
The local government pension scheme's (LGPS) reported investment costs have increased to £748m and charges per member have more than doubled in six years, according to a report.