Brunel Pension Partnership has appointed Caceis to provide cost transparency and benchmarking services.
This will be a three-year partnership, and comes as Brunel Pension Partnership is pooling around £30bn of investments across 10 Local Government Pension Scheme (LGPS) funds.
This deal allows Brunel to comply with the LGPS transparency code of conduct. This partnership deal means Brunel is providing its clients with the most comprehensive cost transparency and benchmarking (CT&B) in the industry.
Caceis already providers CT&B services for LGPS Central and Nest.
Caceis launched the UK’s first pensions transparency dashboard back in 2017 to provide pension schemes with insight into the total cost of managing these schemes. This covers all direct and indirect costs, including all administrative and investment costs.
Caceis managing director Pat Sharman says he was pleased to partner with Brunel. “This appointment is a great endorsement of the role providers like us play in providing cost transparency insights and benchmarking.
“There is a great deal of work that goes into ensuring accurate and consistent cost data received from asset management firms and for many schemes, managing this analysis themselves would be prohibitive both in terms of cost and resources.”
He said this cost transparency helped, support good governance and more informed decision making leading to better outcomes for members.
Brunel Partnership, client relationship director Matthew Trebilcock adds: “We have a clear set of principles at Brunel with one being adopt best practice collective governance.
“For us, this means ensuring we apply the same rigour to understanding our total cost of ownership, as we would to any other element of running our schemes. Only by having better oversight of our current spending, can we make more informed decisions for our members.”
“We chose Caceis to partner with as they provide cost transparency across all elements of running the scheme, not just investment costs. We also liked their focus on delivering quality, strongly validated data in innovative ways, making it quick and easy to interpret.”
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