Fees & Costs – Page 19
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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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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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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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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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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”
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NewsCost transparency poses threat to asset managers, says Moody’s
The UK’s Cost Transparency Initiative will ‘encourage institutional investors to negotiate rebates’, according to credit rating agency
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NewsSwiss authorities consider ban on pension broker commission
Pension fund association Asip has supported plans to overhaul the country’s rules on fees paid to brokers for promoting second-pillar funds
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NewsProposed transaction tax to hit Danes’ pension pots by €13,000
Danish political parties are increasingly interested in a version of the financial transaction tax ahead of next month’s election
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NewsManagers urged to comply with new cost disclosure templates
Minister warns government could legislate to enforce new transparency codes if managers fail to adopt the templates voluntarily
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Chart of the Week: At the precipice of cost transparency
Cost disclosure templates for UK institutional investors could emerge as soon as next week, conference delegates heard on Tuesday
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LGPS investment costs hit £1bn as cost code sheds light on fees
Public sector pension funds in England and Wales reported higher investment costs after a new code of transparency started to take effect
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BT slashes cost of legacy pension equalisation
UK company annual reports are starting to reflect less pessimistic estimates of the cost of October’s court ruling
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PGB introduces dynamic equity risk management
The multi-sector scheme has made changes to its investment strategy after incurring its first annual investment loss since 2008
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Blue Sky to cut number of funds and external managers to save costs
The move by the asset manager for KLM’s pension schemes is aimed at cutting costs and reducing complexity
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Swedish asset managers warn against latest pension reforms
The Swedish Investment Fund Association claims changes to the first-pillar Premium Pensions System will reduce competition and limit choice for savers
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Cost transparency firm hails quartet of ‘exceptional’ asset managers [updated]
Chris Sier’s ClearGlass highlights four stand-out performers from 105 manager interactions – although another five have failed to provide data
