LGPS Central has reached a deal with pension custodian firm Kas Bank to provide cost transparency collection and reporting services.
The firm will generate a cost report using its cost transparency dashboard, which will help the pool and member funds keep track of cost data.
Mike Weston, chief executive of LGPS Central, said: “We are committed to being as transparent as possible about investment costs with our clients.
“We’re delighted to be working with Kas Bank and are looking forward to shining even more light on costs – one of the key benefits of the pooling process.”
LGPS Central Limited, one of eight pooling vehicles across England and Wales, is currently responsible for around £20bn of assets for nine midlands-based Local Government Pension Scheme funds.
