ClaritEx® | The next generation pension cost data solution

FACING THE TRANSPARENCY CHALLENGE

Regulatory scrutiny of cost transparency is growing for all participants in the Pensions industry, with further obligations due throughout 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.

WANT TO KNOW MORE?

Read the ClaritEx service and technical overviews

Transparency provider, Simplitium, has launched new initiative to explore enhanced transparency services for the pensions industry ...

5 IRELAND YARD

LONDON

EC4V 5EH

+44 203 957 4629

claritex@simplitium.com