Pension funds in the UK now have greater access to cost data through the Cost Transparency Initiative.
When asset managers complete the Cost Transparency Initiative (CTI) templates, the cost, performance, and asset allocation data for the mandates they manage on behalf of pension funds, the pension scheme trustees get a clearer picture of the costs for their mandates.
While this cost data gives trustees a detailed picture of their own mandates, it does not give them a view of the wider market. They can’t see the costs for comparable mandates and investment strategies, and then make informed decisions about what their data really means.
Analysing pension cost data, McLagan produces benchmark reports which show a pension fund’s mandates vs the relevant market, i.e. compared to mandates of similar size and equivalent strategy.
As these benchmarks compare both costs and performance against the market, this gives pension funds and their advisers the insight into the data they need to make informed decisions about their strategies.
Understand your costs
Assess fees and expenses paid against comparable mandates in the market
Understand your mandate performance
Build a clear picture of how the mandates are performing
Enhance your governance
Pension Mandate Benchmarking Summary
Guide to Pension Cost and Performance Benchmarks
Associate Partner, McLagan
Mark Miles is the head of McLagan’s wealth management practice in Europe, delivering market-leading business performance solutions that leverage unrivalled insight from proprietary wealth sector data across client experience, pay & productivity, and talent.
Mark also leads our pension scheme cost transparency and performance benchmarking solutions in the UK.
He has 25 years of experience in the financial services industry, focused on the private banking and wealth management sectors.
Mark holds a Masters (MEng) in the Manufacturing Engineering Tripos (MET) from St John's College, Cambridge University, and completed the Accelerated Development Programme at London Business School.
Associate Partner, McLagan
Nicholas Chambers is head of product development for the Human Capital Solutions Performance Business, based in London. The role encompasses all aspects of product development from the design and establishing a commercial market for new product launches to the operational and technical delivery.
Prior to, and in-between, two stints at Aon, Nick was a Director at Macquarie Group, where he worked within Equities and led the development of an institutional client research distribution platform; at HSBC as an Equity Research analyst; and at Merrill Lynch as an analyst within the M&A group.
Nick holds a BSc in Chemistry from Imperial College, London.
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