Fees & Costs – Page 37
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News
Hedge fund transparency can hurt returns, increase fees, study shows
Returns fall by 4% annually on average after hedge funds begin reporting.
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NewsDenmark's Danica Pension wins protracted legal battle over fees
Supreme Court says Danica may charge €6.40 per month to cover costs related to pension payments.
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Country Report
The Nordic Region: Fees under scrutiny
Rachel Fixsen assesses Danish pension funds’ transparency about costs and fees
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NewsNorway Pension Fund Global caps performance-related management fees
External managers will not receive more than €17.5m a year in bonus payments for individual mandates.
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NewsSwiss prosecution clears pension scheme employees in CHF6m fees case
Carl Helbling, Oscar Leutwyler did not commit any criminal offenses, says social ministry.
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NewsDownward pressure on fund management fees only seen in 'mass-market' products
Fees down for 'anything liability driven', says Standard Life Investments CEO Keith Skeoch.
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NewsPensions levy leads to lower management fees at Irish Life & Permanent
Impact of levy payment on in-house schemes compensated for by reduction in liabilities.
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NewsActuaries more 'competitive' with fees for smaller pension schemes
Survey examined 23 potential services offered by actuaries, including triennial valuations.
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NewsIrish TD calls for 50% tax on asset management fees
Tax proposed as alternative to pensions levy targeting those 'milking' industry.
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IP Asia
Super funds bemoan alternative fees
Australian superannuation funds believe many alternative asset managers’ fee structures are “grossly” excessive.
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Features
Dutch and Australians bemoan 2/20 fees
Australian and Dutch pension funds believe many alternative asset managers’ fee structures are “grossly” excessive, says Australia’s Centre for Investor Education (CIE). Jamie Nemtsas, director, said the 2/20-style fee structure was a “common stress point” for attendees at the recent Superannuation and Pension Funds Summit on Dutch and Australian Cooperation and Alliance.
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News
Management fees rise 11% as markets recover, finds LCP survey
Consultancy says schemes should take increase seriously, despite improving financial markets.
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Special Report
Fees: Beta-zero fees
Bernd Scherer tells Martin Steward that asset managers should take a good look at – and possibly hedge – the market risk embedded in their fees. How might that change the relationship with clients?
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Special Report
Fees: The big issue
Size definitely affects active management risks and returns, writes Matthew Craig. But the relationship is by no means a simple one
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Special Report
Fees: Just rewards
Unfairness, high levels, perverse incentives: fees are always guaranteed to raise temperatures. Martin Steward considers some imaginative proposals for alignment of interests
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NewsPolish PM attacks pension funds on fees, performance
POLAND – Donald Tusk, Poland's prime minister, has demanded that second-pillar pension funds in his country cut costs and ensure higher pension benefits.
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News
Lothian moves more equities in-house to make efficiency savings
UK – The £3.2bn (€3.9bn) Lothian Pension Fund has reduced its equity managers by four as it starts to increase the in-house management of its assets as part of its revised investment strategy and to save almost £1m in external management fees.
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News
Government should focus on current pension costs, says Towers Watson
UK – The government should be focusing on how much pension promises being made today are worth rather than the increasing cost of past pension promises, Towers Watson has warned.
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News
UK RDR changes may deter pension saving
UK – Changes to UK regulation forcing employees to pay for advice and management costs upfront rather than by commission could lead them to opt-out of pension saving once auto-enrolment is introduced, Creative Benefit Solutions has warned.
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News
Dutch DC providers still fail on cost transparency – AFM
NETHERLANDS – Insurers still do not provide sufficient clarity about the costs they charge on defined contribution (DC) arrangements, causing overly high retirement expectations among members, according to the Netherlands Authority for the Financial Markets (AFM).
