transparency

A Financial Conduct Authority (FCA) working group has recommended five institutional cost disclosure templates, although it says these should not be made mandatory.

Asset Management Exchange (AMX) has added tax transparent global equity vehicles to its range of investment funds to cut scheme costs and increase transparency across the industry.

Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.

The new tax year brings a number of changes to the pensions world, not least the first round of phasing for auto-enrolled employees.

State Street Global Advisors (SSGA) and Jupiter Asset Management have become the latest firms to sign up to the Local Government Pension Scheme's (LGPS) code of transparency.

Will assess use of benchmarks

Over 170 asset managers have rejected an initiative which requires better disclosure of fees UK public pension funds are charged, despite increased regulatory pressure on costs throughout the industry.

The industry has welcomed the Competition and Markets Authority's (CMA's) working paper on the information available to trustees on the fees and quality of investment consultants and fiduciary managers.

Defined contribution (DC) schemes will face new duties to disclose investment costs and charges as the government presses ahead with a bid to build a more transparent and trustworthy pensions sector.

A new cost transparency solution is being developed for pension schemes by a financial services technology firm.