A set templates and guidance for asset managers on how to report pension scheme charges has been launched by the Cost Transparency Initiative.
The CTI has today (May 21) released templates and guidance aimed at asset managers, and other suppliers of services to pension schemes, which can be used to produce standardised cost and charges information.
This framework will allow pension scheme trustees to make clear cost comparisons across different investment platforms, enabling them to challenge asset managers on cost and performance to get better value for their clients.
The templates have been designed to be machine readable which means data can be easily extracted and processed.
The CTI expects asset managers to be in a position to report against December 2019 and April 2020 year-ends using the new templates and tools.
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