Fees & Costs – Page 18
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News
Netherlands roundup: Smurfit scheme liquidation delayed
Schemes make little progress on human rights risks
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NewsSwedish providers fight back against parliament pension transfer plans
Folksam and Skandia say changes under discussion risk reducing pension savings
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NewsBig falls in management fees across some asset classes – report
Fees have declined significantly in areas such as emerging market equity, emerging market debt, and fund of hedge funds, according to bfinance
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NewsLCP questions high performance fees paid by ailing Dutch schemes
ABP and PFZW paid out €1.4bn in performance fees over five years – but could still cut pension payments
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Dutch Hewlett Packard scheme dumps hedge funds, scales back equities
These and other changes mark the completion of an asset mix overhaul by the €2bn pension fund
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Top pension schemes back industry cost reporting initiative
USS, Royal Mail, RBS and seven others pen letter endorsing new industry cost disclosure standard
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NewsLGPS appoints tech firm to monitor investment costs and charges
Byhiras, a London-based technology group, will develop a monitoring and validation system for use by the UK’s £347bn local authority pension system
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€3bn Dutch pharmacy staff scheme reduces risk profile
PMA reduces equities allocation from 50% to 40% in favour of fixed income, lifts interest rate hedging to 40%
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NewsUK roundup: L&G buys pension pot consolidator in ‘dashboard’ move
Plus: LGPS Central to use KAS Bank for cost transparency work
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Irish regulator to raise scheme levies to meet cost of EU reporting rules
New reporting requirements brought in by EIOPA and ECB are due to come into force from December this year
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Politicians urge government to legislate for cost disclosure
Industry cost reporting templates will not be sufficient to provide full transparency for pension funds and savers, argues Work and Pensions Select Committee
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NewsActive global equity fees have dropped 11% since 2017: LCP
Investors now pay more for credit and liability-driven investment managers than for equity managers, consultancy’s fee survey reports
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Auto-enrolment providers slam NOW: Pensions over cost analysis
The master trust claimed it was the cheapest provider on the market – but its rivals have hit back over ‘artful propaganda’ and ‘absurd’ outcomes
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News
USS assets hit £68bn as deficit climbs again [updated]
UK’s biggest pension scheme aims to improve communication policies as member dissatisfaction grows
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NewsEU court sinks investment cost tax reclaim case for UK charities
Cambridge University has been denied the right to reclaim VAT on fund management fees, casting doubt over the future tax situation for UK charities
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NewsNetherlands roundup: Parliament demands cost review of new pensions system
Also: €857m company pension scheme plans to consolidate into a general pension fund, posing problem for administration provider
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News
C&A scheme reduces equities to protect financial position
The €1.4bn pension fund also raised its interest rate hedge position from 50% to 60% of liabilities, and divested from an 8.1% allocation to hedge funds
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News
Few cross-border funds meet new German performance fee criteria
Fitz Partners finds that only 13% of UCITS funds would meet tighter performance fee structure conditions effective from December
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News
Mandatory tendering for fiduciary contracts becomes UK law
Pension scheme trustees must conduct a competitive tender for any new fiduciary contract covering 20% or more of assets
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Romanian government eases grip on second-pillar system
Crippling capital requirements on providers have been defused significantly, and the industry sees a “chance for survival”
