Fees & Costs – Page 38
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News
Performance fees lift Allianz GI's growth
GLOBAL - A fivefold increase in performance fees helped to boost Allianz Global Investors’ revenue growth by 28% in 2009, and raise its total revenue to €3.599bn last year.
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News
SAM to offer 'sustainable' fees
[15:15 CET 27-01] GLOBAL - A new fee structure for institutional asset owners and their managers has been launched by Swiss-based Sustainable Asset Management, in a bid to align the long-term interests of the two parties.
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Opinion Pieces
Fund fees challenged
Mutual funds managed $1.8trn (€1.2trn), or 48%, of assets in 401(k) and other defined contribution plans in the US as of end-June 2009. Annual management fees earned were more than $10bn but these are now at risk of being cut because of two pending legal decisions. One will be made by the Supreme Court on a case about how much money-management firms can charge. The other one will be made in Congress. The House education and labour committee has already approved the 401(k) Fair Disclosure and Pension Security Act, while the Senate special committee on ageing has its own legislation.
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News
VB to tackle pension cost misconceptions
[16:00 CEST 21-10] NETHERLANDS – VB, the representative body for Dutch industry-wide pension funds, said it will step up its efforts to explain the true value of collective pension arrangements after a survey revealed consumers think costs are much higher than in reality.
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News
Pensions can be delivered at 12% cost - think-tank
[17:00 CEST 22-09] UK – The pensions threshold within which personal accounts holders can save should be raised beyond the current £3,600 proposed by the government, but doing so might be beneficial to policyholders as evidence suggests pensions can be delivered for a total charge of 0.5%, according to a study conducted a policy think-tank.
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News
Court strengthens insurance-based pension terms
[17:05 CEST 17-09] GERMANY – A German court has ruled that charging upfront fees related to setting up a life insurance contract for corporate pensions is only partly within the legal framework for occupational pensions.
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News
75% of fund managers expect fall in active fees
[17:45 CEST 14-09] GLOBAL - Three-quarters of fund managers expect the fees for active asset management to reduce this year, according to a survey conducted by Skandia Investment Group (SIG).
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IP Asia
The big squeeze on active fees
After months watching the global financial crisis, Australian superannuation funds are starting to respond in ways which will have significant implications for the structure of the industry.
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News
Management fees predicted to shift downwards
[17:00 CET 20-02] GLOBAL – Pension consultant Mercer predicts asset managers will show greater willingness to negotiate fees downwards this year and beyond, under pressure from the economic downturn.
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News
Pension funds devour alternatives despite fees
[16:55 CEST 23-06] GLOBAL – Alternative assets managed on behalf of pension funds by the 99 largest investment managers shot up 40% in 2007, but managers need to adjust their towering fees, warns investment consultant Watson Wyatt.
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NewsATP to push private equity fees
[13:00 CEST 10-04] EUROPE - Private equity fees have risen to unreasonable levels, according to ATP, Denmark’s giant labour market supplementary fund, but the fund sees scope for negotiating them down in the future.
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News
Search for alpha increases fees by 50%
[11:00 CET 29-02] GLOBAL - Pension funds are paying 50% more in fees compared to five years ago, following an increased appetite for 'alpha' in the form of hedge funds and private equity, Watson Wyatt has revealed.
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News
Absolute returns needs lower fees - Watson Wyatt
[11:00 CET 13-02] EUROPE – Pension funds and asset owners who want to generate alpha from absolute return investments need to toughen up their "procurement skills" and push asset managers to cut costs, according to consultancy Watson Wyatt.
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Features
Competition drives down Swedish ITP fees
The move of Sweden’s ITP scheme from DB to DC has had some unexpected consequences, finds George Coats
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News
'Pre-talk' talks open on Lithuanian fees
[12:15 CEST 11-09] LITHUANIA – Pre-negotiation talks are underway in Vilnius between second pillar pension fund providers and authorities who are demanding providers reduce their fees.
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News
German institutional asset mgmt fees ‘rise 10%’
GERMANY – Domestic asset managers providing active portfolio management raised their fees on institutional investors by up to 10% last year, according to a new study by consultant Georg Seil.
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News
Fees undermine active management - survey
UK – Net of fees active managers underperformed in bonds, property and all equity markets except emerging markets in 2006, according to the Mellon CAPS pooled pension fund survey.
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News
Asset management fees stable since 2004 – Mercer
GLOBAL – Institutional asset management fees have remained stable since 2004, according to Mercer Investment Consulting.
