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changing time or wasting time?
Are Collective Defined Contribution (CDC) pension schemes the future of the UK Pensions industry or simply a distraction from other ...
Read more ›FACING THE TRANSPARENCY CHALLENGE
Regulatory scrutiny of cost transparency is growing for all participants in the Pensions industry, with further obligations due in 2018.
Governance bodies have a duty to savers to closely monitor costs, confirm their investments are operating effectively and ensure that value for money is being achieved.
Asset Managers are increasingly expected to produce accurate, granular cost data quickly and reliably for their clients, while Investment Consultants face calls to improve their transparency within the industry.
Understanding costs fully allows accurate identification of areas for optimising cost management, central to helping maximise returns to members.
Costs and charges remain widely unknown, misunderstood, and/or undisclosed, leading to a sense of them being mysterious and complex but this need not be the case.
Transparency around the full costs of running and managing a scheme can enable better decisionmaking, strengthen governance frameworks and help with achieving long-term sustainability.
WHY DOES COST TRANSPARENCY MATTER?
TRANSPARENT COST REPORTING
PLAYS A VITAL ROLE IN ANY SUCCESSFUL PENSION
SCHEME GOVERNANCE APPROACH. COMBINED WITH A
SCHEME’S RISK AND PERFORMANCE REPORTING, IT OFFERS A COMPLETE OVERVIEW AND PUTS
SCHEMES IN CONTROL
- Accurate visibility of total costs within schemes
- Scheme representatives need to make informed decisions which can lead to improved outcomes for scheme members
- Ability to demonstrate governance control and efficiency to scheme members and sponsor
- Improved ability to demonstrate transparency and communicate with scheme members and clients
/ ABOUT CLARITEX
THE NEXT GENERATION PENSION COST DATA SOLUTION
ClaritEx is the next generation Cost Transparency solution for the Pensions industry. Powered by Simplitium, the service helps both the DB and DC Pension Markets access the information needed to make better investment decisions and meet increased governance obligations. In response to the ever-growing demand for greater transparency across UK financial services, ClaritEx provides comprehensive transparency of costs to the UK Pensions industry.
Cost transparency is achieved through a combination of innovative technology with a detailed and expert understanding of the investment value chain. By collecting consistent and comparable cost data from both schemes and their underlying service providers, ClaritEx delivers full assurance of costs to market participants in an industry which has, until now, struggled to achieve transparency.
/ BENEFITS
CRYSTAL CLEAR BENEFITS
DELIVERING TRANSPARENCY
ClaritEx brings comprehensive cost transparency to the UK Pensions industry through a standardised data collection process
IMPROVING DECISION MAKING
By improving transparency, ClaritEx ensures that institutional investors have the information they need and deserve to make effective decisions
CONTROLLED COST DISCLOSURE
The solution delivers transparency through a controlled disclosure of costs
ENHANCING THE INTERNAL ANALYSIS
ClaritEx data can be used to enhance the internal analysis used for fiduciary clients’ manager selection and investment strategy
INDUSTRY-WIDE SOLUTION
INVESTMENT CONSULTANT
FIDUCIARY MANAGER
PENSION SCHEME
ASSET MANAGER
- Demonstrate full transparency to all clients
- Enhanced information for investment analysis and manager research functions
- White label service for clients in an online format
- Independent transparency certification for all fiduciary functions
- Stay up-to-date and comply with all transparency regulation
- Enhanced data for investment strategy and investment management functions
- Provide trustees and members with accurate, timely cost information
- Improved governance model facilitating better decision making
- Supports simple comparison of in-house and outsourced investments and services
- Reduced risk and cost of meeting industry transparency requirements
- Stay up-to-date and comply with all transparency regulation
- Independent transparency certification for all mandates and funds
/ SERVICE
NEXT GENERATION TRANSPARENCY
Managing costs and charges associated with a pension scheme effectively is central to its successful operation, as they can have a significant impact on schemes over the long-term. Monitoring schemes’ expenditure accurately is central to operating a scheme efficiently.
ClaritEx delivers valuable transparency services to schemes, advisers and managers that will set new standards for transparency in the Pensions industry globally.
Simplitium has successfully delivered reporting solutions to the finance industry for over a decade, significantly improving the transparency of OTC trading. The company is now applying this experience to improve cost transparency within the pensions industry, enhancing the quality of reporting and promoting efficiency through transparency.
- Pension funds are able to accurately assess the total costs being paid to their providers.
- Advisers can gain access to deeper levels of analysis than have previously been available.
- Asset managers can focus on their core tasks with the assurance that their transparency reporting obligations are being met in full.
/ DOCUMENTATION
WANT TO KNOW MORE?
/ NEWS & EVENTS
NEWS
Can Pentech help save pensions?
In this feature for Professional Pensions, Stewart Bevan, Head of Pensions Product Develop at Simplitium, explains why the pensions ...
Read more ›Comparing apples and pears
In this article for Pensions Age, Simplitium’s Stewart Bevan is quoted discussing the importance of Cost Transparency in providing Pension ...
Read more ›2018: The Year that Costs Will Count ...
In this feature for Pensions Insight, Stewart Bevan, Head of Pensions Product Development at Simplitium, discusses the outlook for the UK ...
Read more ›Pension cost transparency solution due ...
Simplitium has been featured in an article for Professional Pensions which discusses ClaritEx, the new cost transparency solution that is ...
Read more ›Simplitium develops ClaritEx cost ...
Simplitium™, the financial services transparency specialist and a Cinnober Group company, today announces it is developing ClaritEx, a new ...
Read more ›Simplitium's cost transparency ...
Regulatory scrutiny of cost transparency is growing for all participants in the Pensions industry, with further obligations due in 2018. ...
Read more ›Simplitium seeking to redefine ...
Transparency provider, Simplitium, has launched new initiative to explore enhanced transparency services for the pensions industry ...
Read more ›EVENTS
Simplitium's Stewart Bevan to speak at ...
Stewart Bevan, Simplitium's Head of Pensions Product Development and Member of the FCA's Institutional Disclosure Working Group (IDWG), ...
Read more ›/ CONTACT
CONTACT / CLARITEX
5 IRELAND YARD
LONDON
EC4V 5EH