LGPS Central partners with KAS BANK
August 12, 2019

KAS BANK, a specialist securities services to UK institutional pension schemes, has partnered with asset manager LGPS Central Limited for cost transparency collection and reporting services.

LGPS Central Limited, one of eight pooling vehicles across England and Wales, is currently responsible for the management and stewardship of approximately 20 billion of assets for nine Midlands-based Local Government Pension Scheme funds which have approximately 45 billion of investment assets collectively.

LGPS Central will be leveraging KAS BANK's cost transparency solution and data analytical expertise to assist with collecting cost information across its range of investment mandates for both the "pooled assets" and those employed by the partner funds. An important area of focus will be the integrity and security of this cost data.

KAS BANK will generate a cost report using its cost transparency dashboard, which will be accessible to the team at LGPS Central and partner funds.

The partnership will allow LGPS Central to further tighten its governance standards and facilitate thorough cost transparency on behalf of its Partner Fund investors.

KAS BANK is one of the Pensions and Lifetime Savings Association's (PLSA) education partners and is committed to raising awareness across the pensions industry of the benefits cost transparency provides in establishing good governance and member outcomes.

Mike Weston, Chief Executive at LGPS Central Limited, commented: "We are committed to being as transparent as possible about investment costs with our clients. We are looking forward to shining even more light on costs - one of the key benefits of the pooling process."

Pat Sharman, Managing Director for the UK branch of KAS BANK, commented: "We launched our cost transparency solution to UK pension funds in 2017 and now partner with several major UK pension schemes in meeting their requirements.

"We continue to enhance our platform to meet the needs of pension schemes, having recently launched our DC cost transparency solution. This ensures DC schemes are supported on their investment costs and conduct informed value for money assessments".





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KAS BANK, a specialist securities services to UK institutional pension schemes, has partnered with asset manager LGPS Central Limited for cost transparency collection and reporting services.

LGPS Central Limited, one of eight pooling vehicles across England and Wales, is currently responsible for the management and stewardship of approximately 20 billion of assets for nine Midlands-based Local Government Pension Scheme funds which have approximately 45 billion of investment assets collectively.

LGPS Central will be leveraging KAS BANK's cost transparency solution and data analytical expertise to assist with collecting cost information across its range of investment mandates for both the "pooled assets" and those employed by the partner funds. An important area of focus will be the integrity and security of this cost data.

KAS BANK will generate a cost report using its cost transparency dashboard, which will be accessible to the team at LGPS Central and partner funds.

The partnership will allow LGPS Central to further tighten its governance standards and facilitate thorough cost transparency on behalf of its Partner Fund investors.

KAS BANK is one of the Pensions and Lifetime Savings Association's (PLSA) education partners and is committed to raising awareness across the pensions industry of the benefits cost transparency provides in establishing good governance and member outcomes.

Mike Weston, Chief Executive at LGPS Central Limited, commented: "We are committed to being as transparent as possible about investment costs with our clients. We are looking forward to shining even more light on costs - one of the key benefits of the pooling process."

Pat Sharman, Managing Director for the UK branch of KAS BANK, commented: "We launched our cost transparency solution to UK pension funds in 2017 and now partner with several major UK pension schemes in meeting their requirements.

"We continue to enhance our platform to meet the needs of pension schemes, having recently launched our DC cost transparency solution. This ensures DC schemes are supported on their investment costs and conduct informed value for money assessments".



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