UK pension plans overpay £1.5bn in fees to fund managers

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The story "UK pension plans overpay £1.5bn in fees to fund managers" was covered 1 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 1w ago

UK pension plans overpay £1.5bn in fees to fund managers - Financial Times

Quick Summary:

One asset manager, which was not named, had some pension clients that were paying three times as much for a listed passive UK equity fund as the manager’s cheapest deal.

The research looked at the actual prices paid by 688 private and local government pension funds representing £550bn in assets, or around half the market, across 629 managers and 38,000 fund strategies.

Among the key findings of the new analysis, one pension fund was found to be paying six times as much for a fund tracking a fixed income government bond index as the cheapest market price for the same product.