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
Raymond James selects Red Deer for MiFID II
16 January 2018 | London | Reporter: Jenna Lomax
Raymond James Investment Services has chosen Red Deer’s research valuation management solution to adhere to MiFID II
Northern Trust acquires technology resources from Citadel
12 January 2018 | Chicago | Reporter: Jenna Lomax
Citadel has agreed to give Northern Trust the software development rights for Omnium, a software solution, along with an undisclosed number of development staff
SETL and OFI AM being to process blockchain transactions on IZNES
11 January 2018 | Paris | Reporter: Jenna Lomax
IZNES, which is powered by SETL’s blockchain technology, has used the IZNES system in a series of trials with selected clients
DTCC launches new trade processing platform
10 January 2018 | New York | Reporter: Jenna Lomax
DTCC Exception Manager is DTCC’s latest addition to its trade processing product suite, supporting and securities transactions globally
Synechron: Innovation will remain key in 2018
09 January 2018 | New York | Reporter: Becky Butcher
Innovation will be the driving force in advancing key priorities such as compliance, risk and automation in 2018, according to Synechron
Linedata teams up with LSE’s Una Vista for MiFID II
03 January 2018 | Paris | Reporter: Jenna Lomax
Linedata will use UnaVista as an approved reporting mechanism to report transactions to national competent authorities for all required asset classes
Texan broker completes first CME Clearing bitcoin futures trade
02 January 2018 | Houston | Reporter: Jenna Lomax
Choice! Natural Gas, a portfolio company of inter-dealer broker OTC Global Holdings (OTCGH), has completed its first bitcoin-denominated futures block trade through CME Clearing
More technology news