In this feature for Pensions Insight, Stewart Bevan, Head of Pensions Product Development at Simplitium, discusses the outlook for the UK pensions industry and the importance of cost transparency in the market.
UK financial services is on a journey toward greater transparency, and pensions are central to it. Transparency is increasingly critical in the pensions industry as part of demonstrating effective governance. Several new regulatory initiatives have been kicked-off and implemented recently, with more scheduled this year. Schemes have a golden opportunity to finally understand their true costs and manage their operations more effectively. Will this be the year that costs are finally made to count for UK pension schemes?
Read the full article here.