KAS Focus - Going Dutch: Regulatory Urge for Cost Transparency

In KAS Focus we keep you abreast of current developments in the markets and in KAS BANK's service provision. In this edition of KAS Focus we look into management fees and cost transparency. These are not just hot topics for pension schemes in the UK. In the Netherlands, Dutch regulators are increasingly bringing the subject under scrutiny in a bid to protect scheme members from being left in the dark.

In January of this year, the Dutch regulator and central bank (DNB) presented the results of its recent investigation into the management fees of Dutch pension schemes. Although according to the DNB, transparency around asset management fees has generally improved, 28% of schemes in the sample could not sufficiently extrapolate the impact of fees on their portfolios. The DNB has condemned this as ‘unacceptable’ and has demanded fresh investigations into the administration of several schemes. In contrast to fee-capping on this side of the North Sea, the DNB is considering a tough love approach to the problem, which would entail high penalties for schemes which fail to properly disclose management costs.

Read our KAS Focus here (PDF in new window).

Please feel free to direct any queries you may have to:

Carl Giannotta
T: 020 7153 3619
carl.giannotta@kasbank.com
Carl Gianotta