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LGPS Central Limited partners with KAS BANK on cost transparency
12 August 2019
LGPS Central publishes on its website:
“LGPS Central Limited has partnered with KAS BANK, the specialist securities services to UK institutional pension schemes, for cost transparency collection and reporting services.
We will be leveraging KAS BANK’s cost transparency solution and data analytical expertise to assist with collecting cost information across our range of investment mandates for both our pooled assets and those employed by our Partner Funds. An important area of focus will be the integrity and security of this cost data. KAS BANK will generate a cost report using its cost transparency dashboard, which will be accessible to the team at LGPS Central Limited and our Partner Funds. The partnership will allow us to further tighten our governance standards and facilitate thorough cost transparency on behalf of our Partner Fund investors.”
Mike Weston, Chief Executive at LGPS Central Limited, said: “We are committed to being as transparent as possible about investment costs with our clients. We’re delighted to be working with KAS BANK and are looking forward to shining even more light on costs – one of the key benefits of the pooling process.”
Pat Sharman, Managing Director for the UK branch of KAS BANK, added: “We are delighted to be partnering with LGPS Central on cost transparency data collection and reporting, particularly as we continue to see demand across the industry. We support their focus on transparency and are best placed to support LGPS Central given our experience in both Dutch and UK markets. We launched our cost transparency solution to UK pension funds in 2017 and now partner with several major UK pension schemes in meeting their requirements. We continue to enhance our platform to meet the needs of pension schemes, having recently launched our DC cost transparency solution. This ensures DC schemes are supported on their investment costs and conduct informed value for money assessments.”
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