Fees & Costs – Page 2
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NewsPEPP provider sets out reform needs for product ‘worth fighting for’
Finax CEO says PEPP ‘one of the most promising financial innovations to come out of the EU’
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NewsUK extends investment research payment optionality to pooled funds
New rules remove huge potential roadblock to the return to client-funded research budgets
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NewsIndex investors should pay managers a ‘separate fee’ for climate engagement
The use of index funds and ETFs continues to rise, being estimated to account for 43.5% of global long-term assets in 2024
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NewsUK’s DWP unveils small pots consolidator
UK pensions minister vows to automatically bring together people’s small pots into one high-performing pension, reducing costs as well as hassle for savers
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NewsSwiss asset managers cheer cost-transparency rebuff, shift focus to returns
Swiss asset management association AMAS says net return is most important criterion for determining performance and efficiency of a pension fund, not costs
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NewsBrunel Pension Partnership delivers cost savings of £46m
Investment pool shifts focus from cost-saving approach to ensuring value for money
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NewsFrance could save €60bn a year by funding civil service pensions
The Institut Economique Molinari says that since 1977 civil service pension expenditure has tripled from €20bn in 1977 to €62bn in 2023, in real terms
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NewsUK government urged to consolidate small pots by default
The IFS found that in 2023 there were an ‘astonishing’ 12.1 million DC pension pots worth under £1,000 that are no longer being contributed to
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NewsPrivate market investments deliver ‘little’ additional value at current fee levels
The People’s Pension suggests ways to reduce fees by more than 60%
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NewsForca outsources Danish pensions IT to Netcompany
Joint pensions administration firm for PKA, PBU and Lærernes Pension says new integrated system meets its owners needs ‘faster, better and cheaper’
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NewsPreviAmbiente swaps Credit Suisse with UnipolSai in bid to cut costs
The new manager will run the scheme’s ‘Garantito’ sub-fund, worth around €350m, which invests 96% in bonds and 4% in equities
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NewsGerman dentists’ scheme takes €65m hit from investments
The write-off in 2023 is higher than the €45.98m recorded in 2022, and results mostly from private equity investments and investments in ‘affiliated companies’
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NewsEU Taxonomy costs hit ‘several million pounds’ for some FIs, finds government research
Financial institutions are more likely than real-economy companies to have already updated their data systems to account for the taxonomy
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NewsPension Protection Fund could lower the levy further, claims WTW
WTW claims that even if PPF distrust the government to bring the levy back, it could lower it below £100m
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NewsEU should centralise ESG disclosures to cut costs for investors, says think tank
Think-tank Theia Finance Labs cites estimates that investors spend around €150,000 each year on public disclosures and €1m annually on broader reporting requirements
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NewsLocal Pensions Partnership Investments hits £200m cost savings
CEO Chris Rule says greater pooling of funds could help deliver scale and better cost savings
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NewsMedian investment fees for fiduciary management fall by over 50%
A significant driver in this fall has been price competition between fiduciary managers as they have sought more cost-effective ways to implement investment strategies
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NewsSweden’s AP buffer funds criticise government proposals to merge them
AP1, AP2 argue that it’s impossible to say whether restructuring should happen, since government proposals are ‘incomplete’ or have ‘decisive flaws’
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NewsAlecta wins five more years as FTP default provider
Swedish pensions giant trims fees further on its DC traditional pension product, and wins new €400m contract within financial-sector scheme
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NewsDutch funds’ asset management costs fall to 0.48%
Admin costs, however, rose by 13% as funds are investing in new IT systems to prepare for DC transition
