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.”