Bringing clarity to cost complexity

Alexander Sturgis Protecting Assets Means... Developing for the Future

What is the true cost of your Pension Scheme? Should the long-term impact of costs be part of your Scheme's governance framework? Is your Trustee Board achieving 'Value for Money'?

These are all questions Trustees increasingly have to consider as they look to the sustainability and performance of DB Pension Schemes.

The cost of running your pension scheme is becoming an important governance element, but true cost transparency remains a huge challenge. Transparency around the full costs of running and managing your scheme can enable better decision making, strengthen your scheme’s governance framework and help with achieving long-term sustainability. Furthermore, regulatory scrutiny of cost transparency is growing, particularly in the DC space, but this scrutiny should also be seen as a road map for what is to come in DB.

Benefits of Cost Transparency
• Fairer representation of what is happening within your scheme
• Greater insight, improved decision-making and better potential outcomes for your members
• Demonstrating good governance to your members and sponsor
• A thorough understanding of the costs incurred can improve communication with your members

Transparent cost reporting is a critical element of any successful governance approach. It should not be viewed in isolation, but combined with your scheme’s risk and performance reporting to offer a complete overview and put you in control.

Read more

KAS BANK - Guide to Costs
Despite transparency never having been more in demand, the discussion can often feel distant from the day-to-day running of a pension scheme. This guide aims to give a high level introduction to the topic of costs, highlighting some of the key themes and areas that are often misunderstood

Cost Transparency Overview (PDF opens in new window)

Cost Transparency - Solution for Pension Funds (PDF opens in new window)


Our solution
As an independent organisation, free from any conflicts of interest, we are demystifying costs to champion cost transparency for UK pension schemes. We are giving you the tools to demonstrate better governance by providing an innovative Cost Transparency offering which identifies and explains the costs incurred and puts them into perspective.

• Identifies and captures an advanced spectrum of standardised  pension scheme costs
• Innovative dashboard, available online and via an App
• Simple and intuitive interface, customisable for all users, providing detailed visualisation
• Modern reporting for your governance needs
• Option to export all data in Excel format, or direct to email

Contact

Stewart Bevan
Cost Transparency Specialist

KAS BANK N.V. - UK Branch
11 Westferry Circus
Canary Wharf
London
E14 4HD

T: +44 (0)207 153 3600
E: CT@kasbank.com