LGPS advisory board

The take up of the Cost Transparency Initiative (CTI) framework by pension schemes has increased by nearly 25% since May 2020, with the Pensions and Lifetime Savings Association (PLSA) lauding its “tangible benefits” for schemes.

Ten pension schemes representing over 19 million members and more than £150bn in assets under management have written a joint public letter endorsing the Cost Transparency Initiative (CTI).

An industry group has been launched to implement, promote and encourage the use of five cost disclosure templates developed earlier this year.

Schroders has become one of the largest asset managers to sign up to the Local Government Pension Scheme's (LGPS) code of transparency.

The Financial Conduct Authority (FCA) has eased new rules for the Local Government Pension Scheme (LGPS) after concerns they could pose barriers to infrastructure investment and even cause an asset fire-sale.