All Transparency Task Force articles
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News
Timms: Change in law needed to combat scams
On the go: Work and Pensions Committee chair Stephen Timms has warned changes in the law will be needed in order to tackle the growing issue of pension scams.
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News
MPs launch probe into access of pension savings
The work and pensions committee has announced it will focus on scams in the first stage of its three-part inquiry into the impact of pension freedoms and level of protection for pension savers.
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News
MPs urge DWP to review scope and level of charges cap
The Work and Pensions Committee is ramping up the pressure on the government and the Financial Conduct Authority to cap the level of charges on default retirement products.
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News
Transparency worries hinder flows into active quant strategies
More than half of institutional investors are wary of using quantitative investment strategies, with a perceived lack of transparency registering at the top of investors’ concerns, according to new research.
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News
Government hands industry reins on dashboard project
Work and pensions secretary Esther McVey has said she "backs the industry" to deliver the pensions dashboard, but key details including whether the government will compel schemes to submit information remain unclear.
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Features
Should pension schemes become more litigious?
In 2009, the Royal Bank of Scotland admitted that it had incurred billions of dollars in losses in relation to its subprime exposures and acquisition of Dutch bank ABN Amro.
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News
FCA tackles information deficit with new rules and consultation
The Financial Conduct Authority has published new rules on the duties of fund managers and is launching a consultation on proposed rules and guidance for improving fund information for investors.
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Features
Solving consultancy's transparency problem
Analysis: The first findings to be presented by the Competition and Markets Authority show that no one is squeaky clean in the investment consulting and fiduciary management businesses. How can both products become more transparent?
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News
IGC reporting fails to identify value for money
Independent governance committees are failing to adequately report the value for money represented by their respective providers, according to a new report ranking the committees on scrutiny and transparency.
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NewsCMA begins consultant investigation as FCA calls trustees 'weak'
The Financial Conduct Authority has finalised its referral of the investment consultancy industry to the Competition and Markets Authority, beginning an 18-month period of investigation into conflicts of interest in the sector.
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Opinion
What is the pensions conference good for?
Any Other Business: Trustees, consultants and asset managers flock to stuffy conference halls across the country to deliver speeches, spill pints and engage in lively debate over the issues of our time, but what is it the pensions conference really brings its participants?
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NewsNo all-in fee for asset management firms
Asset management firms must disclose estimated and actual fees and transaction costs to clients, but should not be forced to charge a single fee for services, the Financial Conduct Authority has recommended.
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News
First asset managers commit to LGPS transparency code
The Local Government Pension Scheme advisory board has launched its code of transparency to improve cost disclosure, amid early indications that asset managers will sign up.
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NewsBlockchain and bitcoin: Trustees urged to adapt to change
Many are still unfamiliar with the concept of bitcoin and blockchain, but experts say the pensions industry must engage with technology and accept change to adapt to an increasingly digital world.
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News
CDC could refocus industry on purposeful finance
Refocusing the industry on the purpose of finance could deliver huge benefits to UK pensions, a new academic paper has suggested, as calls were lodged for the resurrection of collective defined contribution.
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OpinionUnderstanding the transaction cost disclosure debate
The debate around transaction costs became increasingly polarised during 2016. The 'Loch Ness Monster' paper issued by the Investment Association in August summarised research claiming there is no excessive trading nor hidden costs damaging investor returns.
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OpinionLifting the curtain on transaction costs
Editorial: The Financial Conduct Authority’s proposals for transaction cost disclosure have been welcomed across the industry, but confusion has crept in over how this will affect trust-based schemes.
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News
FCA lights the way on transparency
‘A big flashing neon light’ marking the direction of travel on transparency has been lit by the Financial Conduct Authority with its proposal to make asset managers disclose transaction costs to defined contribution schemes.
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NewsGovernance is key as dispute rocks asset management industry
Research suggesting that hidden fund fees are the “Loch Ness Monster of investments” has sparked the latest round of a bitter row between the Investment Association and pro-transparency groups.