Fees & Costs – Page 3
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NewsAP7 starts distributing surpluses to savers to keep fees stable
Swedish default fund for premium pension finds solution to excess-money quandary as asset management surpluses grow
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NewsSwiss Parliament pushes discussion on pension funds’ cost transparency
Improving access to information would strengthen competition in an extremely sluggish market, according to parliamentary motion
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NewsUK defined benefit schemes overspend £300m each year, report finds
Spence & Partners has calculated that removing inefficiencies could save an average 1,000-member scheme £105,000 per year in running costs
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NewsABP to reduce investments in emerging markets
The fund believes it no longer pays to be overweight the region given the expected returns for emerging market assets
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NewsSmall DB schemes unlikely to run on beyond buyout funding level due to costs
Hymans Robertson finds that the cost of running a small DB scheme is four times the cost of running a large scheme
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NewsDutch funds risk €18bn bill if pension transition called off, says PwC
Dutch pension funds would have to shoulder the cost of running expensive legacy DB systems for decades to come, the accountant warns
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NewsBaFin deems costs reporting for occupational schemes ‘unnecessary’
German regulator’s view clashes with EIOPA’s suggestion to annually report on all costs and charges
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NewsTPR’s Statement of Strategy will be challenging and costly for UK schemes
Completing the template as proposed will create a lot of extra work and could add 20% to scheme valuation costs
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InterviewsSwedish funds agency chief: ‘We can’t afford not to be good’
As FTN completes first tender award, executive director Erik Fransson talks about the need for internal cooperation and the pressure on the organisation to get things right
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NewsAPG to cut asset management jobs as clients move to passive
Costs are a ‘recurring element’ in conversations with pension funds, says CEO Ronald Wuijster
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FeaturesInvestors are paying for hedge funds' reluctance to use hurdle rates
Although two years have now passed since the US Federal Reserve started rapidly hiking interest rates, the likelihood that your hedge fund manager will have a ‘hurdle rate’ – a minimum rate of return before performance fees kick in – has not changed. Only a quarter of hedge funds, by our count, have such a threshold in place and the practice does not yet show signs of becoming more widespread, even though the risk-free rate has now exceeded 4% for well over a year.
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NewsBrunel Pension Partnership to move away from ‘pure cost-savings focus’
The pool is making cost savings of £41m per year
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NewsExtra disclosure under TPR’s funding code could push up scheme costs
There is a risk that an ‘overly prescriptive’ approach pushes trustees into ‘costly tick-boxing’ exercise, according to Cardano
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NewsSustainability is becoming more expensive, say Austrian pension funds
‘We have been ‘living’ sustainability for a while now but it is costing more and more money,’ says Bundespensionskasse board member
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NewsGerman asset managers question ESG data and rating services
BaFin is calling on ESG data and ratings providers to disclose their methods clearly and in detail
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NewsUSS to reduce contribution level to 14.5% in January
While reporting a healthy surplus, lowering contribution rates and improving benefits is a ‘positive backdrop for USS’, says CEO Carol Young
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NewsItalian first pillar-schemes pay €2.6bn in taxes
Tax regime continues to cause ‘distortions’, says private pension funds association Adepp
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NewsPPF and DWP explore legislative changes to further reduce levy
Next year’s target collection of £100m will be the lowest levy the PPF has ever charged
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NewsSwiss pension funds’ alternatives achieve better returns at higher costs
Last year best-performing pension funds invested 10.2% in alternatives compared with 5.6% invested by the worst-performing, says Swisscanto
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NewsLocal Pensions Partnership Investments delivers £153.2m in savings since launch
The pool is on track to deliver £200m in savings by 2025
