At KAS BANK we think your scheme’s custodian should give you more. We keep your assets safe, and give you better information – so you can make better informed decisions. And we’ll give you better service – so you can focus on managing your scheme.
We’re pensions people, with a personal approach, looking at your problems from your perspective.
We’re raising the standard of administration for all UK pension funds. Whether you want to understand your costs more transparently, monitor your managers more closely, or improve investment performance more sustainably, we’re on your side – helping you to deliver better outcomes for your members.
KAS BANK and cost transparency
The announcement of the Cost Transparency Initiative (CTI) is a great step forward for the pension industry in respect of getting to grips with cost transparency. It brings together three high profile organisations: the PLSA, the Investment Association, and the Local Government Pension Scheme Advisory Board.
Once the CTI has implemented a standardised industry framework, the collection of costs and charges will be simplified. However, as an industry we need to ensure trustees and pension executives correctly interpret costs and charges in terms of investment strategy and risk and return. This will ensure more informed decision making, potentially improving member outcomes.
KAS BANK is taking the lead in educating trustees and pension executives on cost transparency through a number of initiatives, including this educational partnership with PLSA. We will hold a series of teach-in’s, webinars and educational articles throughout 2019, which will include the elusive transaction costs, guidance on the CTI templates and updates on the regulatory landscape.
Contact: Pat Sharman
0207 153 3660