Fees & Costs – Page 8
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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
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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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News
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
