CACEIS UK, the sustainable governance partner of choice for UK pension schemes has extended its partnership with Nest, the workplace pension scheme representing more than £25bn assets under management, to provide an end-to-end cost transparency and benchmarking service.
Previously, CACEIS had been supporting Nest in visualising their transaction costs across its range of managers and funds. This three-year partnership has now extended to CACEIS providing an end-to-end cost reporting solution which will see them managing the collection process of the CTI templates on behalf of Nest, with a particular focus on Annual Management Costs (AMC) and transaction costs.
The reporting will be at total fund level and also fund range level across all of Nest’s investment managers. It will help Nest visualise their AMC and transaction costs across its range of managers and funds, in support of their value for money assessment.
Pat Sharman, Country Managing Director, UK, CACEIS commented “At CACEIS we like to do things differently. We were the first company to introduce Cost Transparency and Benchmarking for UK Pensions schemes into the UK market in 2017. We continue to innovate for our clients and I’m looking forward to building our partnership with Nest on cost transparency and extending our support to provide an end-to-end cost reporting service for defined contribution schemes, in support of their value for money assessments. We remain focused on delivering innovative tech-based solutions around sustainable governance to help pension schemes of all shapes and sizes manage the regulatory, economic and environmental pressures facing them today. Our cost transparency and benchmarking tool is now used by pension schemes representing over £407bn worth of assets, collecting data on 3,390+ funds across 285+ asset managers.”
Fez Yousaf, Fund Administration Manager at Nest, commented “Being able to demonstrate value for money is crucial for a pension scheme like Nest. We want to reassure our members we’re giving them access to the best deals we can while reducing any drag on investment performance. The CACEIS dashboard allows us to compare costs across our investment funds, looking at transaction costs as well as fees charged by fund managers.”
Pat Sharman, Country Managing Director, UK, CACEIS continued, “At the centre of this is our team of dedicated UK pensions professionals that understand the defined needs of our clients and are deeply committed to bringing the highest levels of service delivery through our approachable and personable style.”
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