Work and pensions minister Damian Green has confirmed the government will consult on hidden costs and charges later this year.
Members of the Work and Pensions Committee (WPC) have been urged to set up a broad inquiry into hidden costs and charges faced by pension schemes.
Pensions minister Richard Harrington has said the government will work with the Financial Conduct Authority (FCA) to improve transparency of pension costs.
There has long been a debate about which investment strategy, whether active or passive, delivers the best value for money. Michael Klimes looks at how trustees can find the best strategy
The Transparency Taskforce (TTF) has called on the Work and Pensions Committee (WPC) to establish an inquiry into costs and charges for savers.
The pensions and investment industry needs to be much more explicit about the objectives of active management, according to former Investment Association (IA) head Daniel Godfrey.
Greater transparency of costs and charges for pension funds could save the average pension fund £800,000 per year, The Association of Member Nominated Trustees (AMNT) says.
The industry has welcomed the Financial Conduct Authority’s (FCA) consultation on forcing asset managers to provide greater transparency on transaction costs.
A collaborative group aimed at helping the industry adapt to technological change has been established by the Transparency Task Force (TTF) founding chairman, (pictured above) Andy Agathangelou.
It is "easy" and "profitable" for the fund management industry to ignore the problem of excessive hidden charges says David Pitt-Watson.