As the FCA closes its consultation on improving transparency of costs and charges in pension schemes, James Phillips asks the industry whether the watchdog has the right solution.
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.
The Financial Conduct Authority (FCA) has proposed the introduction of a duty on asset managers to disclose aggregate transaction costs to pension schemes that invest in their funds.
Failure to communicate Local Government Pension Scheme (LGPS) investment costs in the right way could lead to misunderstandings among members, says Jeff Houston.
The coalition government's most radical pension policy was freedom and choice, according to 69% of Pensions Buzz respondents.
The cost and size of pension deficits are increasing which has consequences for trustees, company directors and shareholders. Michael Klimes asks if investors are starting to worry.
As US savers fight their pension schemes over high costs and charges, there is concern British trustees could see similar action. James Phillips reports
The chair of the Investment Association's (IA) advisory board on cost transparency Mark Fawcett has distanced himself from the trade body's controversial report on charges.
The Investment Association's (IA) report on hidden costs and charges has been blasted as "amateurish and totally misleading" in a damning attack from the industry.