All transparency articles – Page 2
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OpinionDC costs need more transparency to create member confidence
Regulators rightly stress the primacy of value for money and good governance in defined contribution pensions. However, achieving these key objectives can be challenging due to a lack of transparency.
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OpinionCost data collection – is it all worth it?
Data crunch: Cost data collection is valuable even just as source of analysis, such as this series of articles. But how should schemes actually use their own data?
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News
Work and pensions committee urged to open inquiry into scams
On the go: The head of a transparency pressure group has written to the chair of the work and pensions committee to request it opens an inquiry into the scope and extent of pension scams.
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OpinionWhat role does culture play in value for money?
Data crunch: I have previously stated that not all managers are equally willing or able to give data, and some are better in both attitude and application than others.
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News
Transparency initiative adds new tools following industry support
On the go: The Cost Transparency Initiative has released additional resources and a new set of tools aimed at encouraging more schemes and asset managers to sign up to the standard, following a strong show of support by the industry for the framework it published last year.
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OpinionDoes paying more deliver more performance?
You get what you pay for, right? As far as fund management is concerned, this old adage does not quite ring true, although as ever there are some caveats.
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OpinionSegregated mandates – a club for large pension schemes only
With a few exceptions, most pension schemes do not go overboard with the number of asset management products they use.
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OpinionAsset allocation analysis reveals UK’s governance weakness
Recently, I was tinkering with the asset allocation data for a large sample of defined benefit pension schemes and ‘accidentally’ came across an interesting, and possibly controversial, story relating to asset allocation.
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OpinionIf you think you know your costs, you could be wrong - UPDATED
Data crunch: The third of Dr Chris Sier's insights into cost transparency gets right to the heart of the issue: just how much of a pension schemes total costs were previously unknown?
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OpinionNot all asset managers are created equal
Data crunch: In the first piece of this series, I stated that asset managers were not the problem when it comes to cost collection. That said, not all managers are equally committed to, or enthusiastic about, transparency.
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NewsMPs up pressure on govt over non-commercial dashboard
The government’s failure to commit to a rollout timetable for a new pensions dashboard with state pension data was criticised on Saturday by the Work and Pensions Select Committee.
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OpinionDC schemes: Is it time for a reboot?
The Work and Pensions Committee has its sights set on improving pension costs and transparency, and while Frank Field and colleagues have some useful suggestions for the industry, they should perhaps be encouraged to go further.
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News
One in five asset management mandates highly unsatisfactory
A worrying number of trustees are unhappy with the service provided to them by their asset managers, new figures have revealed.
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News
Dichotomy between FTSE chiefs and workers’ pensions remains
On the go: Just 30 per cent of FTSE 100 companies have pledged to cut their pension payments for their directors, following a campaign by the Investment Association on excessive boardroom pay.
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OpinionTime for a summer stocktake
Julian Mund, the Pensions and Lifetime Savings Association’s chief executive, reflects on 2019 so far – from master trust authorisation to impressive auto-enrolment figures. But despite some positive developments this year, Mr Mund notes that there is still a significant amount of uncertainty over what the next few months have in store for the pensions industry.
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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
Active equity fees fall by 11 per cent since 2017
On the go: The average fee for an active global equity mandate has fallen by 11 per cent since 2017, according to consultancy LCP, as competition from low-cost index tracking vehicles sees costs improve across most asset classes for institutional investors.
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FeaturesCould a Brexit swing in sterling catch out UK schemes?
Data crunch: Trustees boards across the UK have finally banished the domestic bias for which they were once known, if the latest figures from MandateWire are anything to go by.
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FeaturesThe clear cost of investment
Obscuring investment costs is becoming a risky game for the asset management industry, and Dr Chris Sier knows it.
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OpinionPursuing simplicity remains vital
So much has happened over the close to 30 years since I started out in pensions, but I suspect our industry’s ultimate goal remains the same – ensuring the many members of the pension arrangements we oversee receive the pension promise that has been made to them.