Fees & Costs – Page 6
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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
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NewsTPR’s new funding code causes cost concerns for DB schemes
Nearly half of trustees and sponsors (42%) are concerned about the additional governance challenges, and in turn associated costs, that the code will bring
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NewsLower accruals age adds 100,000s to pension fund member tally
Three sector funds in low-wage industries expect the bulk of new 18-21 year-old members
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NewsVarma beats Ilmarinen on 2022 returns but shrinks faster
Varma suffers 4.9% investment loss in 2022, while Elo loses 3.7% and Veritas sheds 4.5%
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NewsItalian pension fund association calls on government to cut tax burden on returns
The association is also demanding the government replaces the pro-rata standard to calculate pension benefits
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NewsDespite 6.6% investment loss, Ilmarinen refunds €175m as costs fall
Finnish pensions insurer says solvency rules must change
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NewsAUM roundup: Italian pension funds’ total assets drop
Plus: Asset management costs of Swiss pension funds reach CHF5.1bn
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NewsUK pension regulator trio launches value for money consultation
Requirements to disclose and assess additional information should be unduly burdensome, says DWP
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NewsBond portfolio correction knocks down Swiss BVK’s returns
BVK returned -11.2% at the end of 2022
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NewsBritish employers could face £34bn bill following new pension rules, says LCP
Employers could find themselves receiving demands from schemes for large sums, collectively running into tens of billions of pounds
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NewsDutch pension funds ask government to pay for supervisory cost increases
Additional supervisory costs related to the pension transition should be financed by tax payers rather than pension funds, according to Dutch social partners
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NewsNorway overrules FSA on fund fees, saving pension funds NOK8bn, says lobby
Finance Ministry disagrees with FSA that mutual fund managers are subcontractors
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NewsUK roundup: Investors back call for large companies to provide cost-of-living support
Plus: Workplace pension provider B&CE to change name to People’s Partnership; Gulf International Bank Pension Scheme picks Aon for advice
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NewsLPPI ceo calls on LGPS to accelerate asset pooling
The pool revised projections and is now expecting to deliver net cost savings of more than £200m by 2025, more than £350m by 2030 and more than £500m by 2035
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Asset managers call on FTSE companies to review executive pay in light of cost-of-living crisis
Retention and motivation of employees below executive level will be key for many companies, while board decisions could impact on productivity of whole workforce
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Tweaked recipe for Finnish pension contributions to boost costs transparency
For first time, upfront cost for employers set to vary between occupational pension providers depending on administrative efficiency
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NewsBaFin to survey IORPs on costs reporting
Listing information on sponsoring companies is likely to be a challenge
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NewsDWP launches consultation on broadening DC investment opportunities
Enabling our occupational schemes to take advantage of long-term illiquid investment is one of the UK government’s key priorities
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Performance fees propel Dutch asset management costs to record €13.5bn
Dutch pension funds saw a 46% cost rise in 2021 due to record-high performance fees paid to private equity managers
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UK roundup: Pension schemes boost stress testing as risk increases
Plus: FTSE 350 pension schemes’ surplus falls back to £5bn; Professional trustee market soars
