CACEIS expands its cost transparency and benchmarking solution with London CIV

London CIV has partnered with Caceis to receive cost transparency and benchmarking services.

The services will provide insights into the total cost of ownership for managing their schemes, across all direct and indirect costs, including all administrative and investment costs.

Users will be able to make comparable benchmarking and fund level comparisons as part of value for money assessments.

Caceis was the first to launch a pensions cost transparency and benchmarking solution for the UK in 2017.

“We are really pleased to be working in partnership with London CIV, delivering them quality, robust data on their costs,” said Pat Sharman, country managing director UK, at Caceis.

“We’ve invested in AI technology to make the process of collecting costs from asset managers as efficient as possible.

“Alongside this technology, we have a dedicated team of cost transparency analysts that validate and check the data, applying rigour to the quality of information we supply.”

“There is a great deal of work that goes into ensuring accurate and consistent cost data but we believe this supports good governance and allows clients to make more informed decisions leading to better outcomes for members,” said Sherman.