Brunel hires CACEIS in governance role

Brunel Pension Partnership has appointed CACEIS to provide cost transparency and benchmarking services, in a three-year deal that will allow the pool to comply with the LGPS Transparency Code of Conduct by providing its 10 underlying funds with cost data analysis.

CACEIS launched the UK’s first Pensions Transparency Dashboard in 2017 to provide schemes with deep insight into the total cost of managing their pension schemes, covering all direct and indirect administrative, as well as investment, costs.

The deal is aimed at giving the partner funds greater clarity on all costs associated with running all their pensions schemes, and by providing easy-to-interpret data, enable them to deliver stronger governance and better outcomes for pension scheme members.

Matthew Trebilcock, client relationship director at Brunel Partnership, said: “We have a clear set of principles at Brunel, with one being to adopt best practice collective governance. For us, this means ensuring we apply the same rigour to understanding our total cost of ownership, as we would to any other element of running our schemes.”

“We chose CACEIS to partner with as they provide cost transparency across all elements of running the scheme, not just investment costs,” he added. “We also liked their focus on delivering quality, strongly validated data in innovative ways, making it quick and easy to interpret.”