Fees & Costs
In-depth reporting on the costs associated with asset management services for our pension fund and asset management readers from IPE’s award-winning journalists - plus, fees & costs special reports
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NewsForca outsources Danish pensions IT to Netcompany
Joint pensions administration firm for PKA, PBU and Lærernes Pension says new integrated system meets its owners needs ‘faster, better and cheaper’
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NewsPreviAmbiente swaps Credit Suisse with UnipolSai in bid to cut costs
The new manager will run the scheme’s ‘Garantito’ sub-fund, worth around €350m, which invests 96% in bonds and 4% in equities
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NewsGerman dentists’ scheme takes €65m hit from investments
The write-off in 2023 is higher than the €45.98m recorded in 2022, and results mostly from private equity investments and investments in ‘affiliated companies’
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NewsEU Taxonomy costs hit ‘several million pounds’ for some FIs, finds government research
Financial institutions are more likely than real-economy companies to have already updated their data systems to account for the taxonomy
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NewsPension Protection Fund could lower the levy further, claims WTW
WTW claims that even if PPF distrust the government to bring the levy back, it could lower it below £100m
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NewsEU should centralise ESG disclosures to cut costs for investors, says think tank
Think-tank Theia Finance Labs cites estimates that investors spend around €150,000 each year on public disclosures and €1m annually on broader reporting requirements
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NewsLocal Pensions Partnership Investments hits £200m cost savings
CEO Chris Rule says greater pooling of funds could help deliver scale and better cost savings
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NewsMedian investment fees for fiduciary management fall by over 50%
A significant driver in this fall has been price competition between fiduciary managers as they have sought more cost-effective ways to implement investment strategies
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NewsSweden’s AP buffer funds criticise government proposals to merge them
AP1, AP2 argue that it’s impossible to say whether restructuring should happen, since government proposals are ‘incomplete’ or have ‘decisive flaws’
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NewsAlecta wins five more years as FTP default provider
Swedish pensions giant trims fees further on its DC traditional pension product, and wins new €400m contract within financial-sector scheme
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NewsDutch funds’ asset management costs fall to 0.48%
Admin costs, however, rose by 13% as funds are investing in new IT systems to prepare for DC transition
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NewsUK pensions industry calls for flexible approach to investment
Consultation on the first phase of Pensions Review closed today
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NewsDB schemes note increase in running costs in past year
37% of DB trustees reported a 50% increase in their running costs, according to TPT Retirement Solutions
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NewsSwiss Federal Social Insurance Office reviews AHV financial outlook
The difference between AHV’s income and expenses will be negative from 2026 with the introduction of the 13th month of pension
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NewsPKA, Lærernes vow to stick with pensions admin JV despite PBU exit
After 19 years, Forca co-founder PBU quits the pension service provider as it seeks more independence and freedom to choose own product design
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NewsSwiss National Council approves motion for pension funds to disclose costs
Increasing cost transparency and better access to information strengthen competition, says National Council member Samira Marti
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NewsPPF launches consultation as it plans to keep levy at £100m
UK’s lifeboat scheme continues to engage with government on possibility of lowering levy further
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NewsCurrent policy initiatives could be detrimental to UK’s productive finance agenda
Any attempt to force providers to invest more heavily in certain asset classes is a direct challenge to trustees’ fiduciary duty, says Pensions Policy Institute
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NewsGerman pension measures for working longer could bring €1.7bn annual burden
Impact of these measures is ‘uncertain and, above all, expensive’, says German employers association
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NewsLGPS Central sees assets under management grow to £29.9bn
the pool claims to date it has saved partner funds £89m
