London
01 June 2017
Reporter: Stephanie Palmer

New dashboard tool to reduce regulatory burden for DB pension schemes


KAS Bank has launched its cost transparency dashboard for defined-benefit pension schemes, intended to address the rising costs of regulatory scrutiny.

The platform will offer pension scheme trustees and governance representatives a clearer overview of their scheme’s administration and investment costs.

According to KAS Bank, a specialist provider of securities services to the UK pension industry, the development addresses increasing demand for cost disclosure from fund and asset managers.

The dashboard is also intended to support better decision making across the entire value chain, to identify the potential for improving cost efficiency, and to allow for easier demonstration of effective governance.

Stewart Bevan, product manager at KAS Bank, said: “As a specialist provider with Dutch heritage, we’ve had first-hand experience in pioneering cost transparency in the Netherlands, a country now recognised as a global leader in cost disclosure.”

“Our experience has shown that greater transparency is highly beneficial for the industry as a whole and will be advantageous for UK trustees by facilitating better operational decision making which should improve outcomes for the scheme’s members.”

More technology news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
InvestCloud builds on digital platform
17 November 2017 | Los Angeles | Reporter: Stephanie Palmer
Financial technology provider InvestCloud has added a new portfolio management tool to its digital platform
Citi pilots new platform for proxy voting
14 November 2017 | London | Reporter: Jenna Lomax
The platform, which is supported by Computershare, will be initially rolled out in the UK for the 2018 proxy season
WTW’s AMX chooses InvestCloud to boost asset management platform
07 November 2017 | London | Reporter: Stephanie Palmer
InvestCloud has been selected by Willis Towers Watson’s Asset Management Exchange to provide a digital interface to connect asset owners and management
R3 and SIA push for blockchain ecosystem
07 November 2017 | London | Reporter: Theo Andrew
The partnership will aim to speed up the global development of blockchain through SIAnet’s network of 600 nodes, provided to financial institutions, corporates and public administrations
BNP Paribas goes live on ASX corporate actions service
03 November 2017 | Sydney | Reporter: Stephanie Palmer
The new service offers straight-through delivery of corporate actions announcements, getting information to clients within seconds of the announcements being made
Lombard Risk provides regtech solution to OneSavings
01 November 2017 | London | Reporter: Jenna Lomax
The introduction of the programme at OneSavings Bank will help to streamline regulatory reporting, data management and analytics, according to Lombard Risk
DTCC enhances its European GTR for SFTR
25 October 2017 | New York | Reporter: Jenna Lomax
The new bolstered SFTR offering will be a significant addition to the existing reporting capabilities, affecting 45 regulators around the world who have access to GTR data
More technology news