code developed by the IMA and the NAPF is in line with Myners' recommendations for greater transparency in pension fund charges
Pension fund charges will become more transparent to trustees with the adoption of a code of practice developed by the IMA and the NAPF. The cost disclosure code is intended to provide a clear, comprehensive and standardised reporting format that will allow trustees to monitor and compare all costs incurred during the management of fund's assets. In adherence to Myners' suggestions in his report published last year, the code will see managers disclose not just transaction costs but all costs incurred directly, or indirectly, by pension fund portfolios during the fund management process....
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes