Fees & Costs – Page 6
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Special ReportSwitzerland: Heated debate ahead of second-pillar referendum
The workplace pension system reform must clear the final hurdle of a national referendum and Pensionskassen will have to start to follow new guidelines on ESG
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NewsSwiss pension funds consider high costs as main obstacle to invest sustainably
Regulations currently in place in the second pillar pension system should not be changed to create incentives for sustainable investments
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NewsUK roundup: Buy-ins and buyouts reach record-breaking £20bn in H1
Volumes in the first half of 2023 are on track to be 20% higher than the previous record of £17.6bn
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NewsAverage total LGPS contribution rates fall to 21.1%
Report from LGPS Advisory Board also showed that LGPS funding levels improved from 98% to 107% in 2022
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NewsUSS consults on lowering contribution rate to 16.2%
Indicative results reflect a significant change in the economy since the 2020 valuation was finalised in the latter half of 2021
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NewsBorder to Coast on target to deliver £340m savings for partner funds
The pool claims so far to have saved its members an estimated £65m, but CEO Rachel Elwell says pooling is ‘more than delivering cost savings’
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NewsInvestors see challenges in increase of management costs
There is a high level of dissatisfaction with transparency across transaction costs for asset owners, report shows
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NewsUK DB schemes planning for buyout could save £20m, says Hymans Robertson
The firm’s latest guide aims to provide trustees with a ‘clear’ online framework to avoid ‘potential pitfalls’ on their journey to buyout
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Opinion PiecesViewpoint: Fee transparency – it’s good for managers too, but they probably won’t believe it
Asset managers are still not properly able to represent the true and comparative value-for-money they provide
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Opinion PiecesGerman pensions sector backs cost rethink
Applause, which started mildly but ended robustly, suddenly reverberated in a packed Berlin conference room a few weeks ago. An audience of industry experts, pension managers, associations and trade unions clapped at the suggestion that Germany’s BaFin regulator should avoid repeating its exercise on cost reporting for IORPs, initiated by the European Insurance and Occupational Pensions Authority (EIOPA), and implemented in turn by BaFin. The exercise was a disappointment, and an excessive, unnecessary effort for the German pension industry.
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NewsValue over cost, says new UK pensions regulator chief
’Our position is clear: no saver should be in a poorly performing scheme that doesn’t offer value for money,’ says Nausicaa Delfas
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NewsBaFin challenges German pension funds, asset managers with costs reporting
The supervisory authority is carrying out a one-off investigation on costs of IORPs in Germany
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NewsUK roundup: BA Pensions appoints LCP for actuarial, consulting services
Plus: BlackRock gest FCA green light on long-term asset fund; Broadstone launches specialist admin service; FRC consults on revision to actuarial standards
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NewsPME admin switch to TKP leads to sharp cost savings
The scheme also saw a drop in asset management costs thanks to lower performance fee payments to private equity managers
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NewsABP to switch to passive investing
The €470bn Dutch civil service scheme is the last remaining all-active pension investor in the country
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NewsPMT to reduce private equity exposure
The Dutch pension fund for the metals industry aims to halve its exposure to the asset class to €4bn
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NewsArkwright beats McKinsey in tender for AP funds’ evaluation contract
Mats Langensjö and Claes Green to lead Arkwright team in annual evaluations of Swedish state pension funds
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NewsAPG pays higher bonuses despite negative return
Most bonuses were paid to private equity staff working from the Dutch firm’s New York office
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NewsTough PE fundraising environment yet to lead to lower fees
According to data provider Preqin, the average fundraising time for PE funds has risen from 13 months to 21 months since 2019
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NewsBrunel Pension Partnership makes cost savings of £34m ahead of 2025 target
The pool claims to be saving almost four times the costs it incurs thanks to the management fees it negotiates
