SAUL signs up to cost transparency service
30 June 2017
SAUL has signed up to the UK’s first cost transparency dashboard for defined benefit pension schemes.
The dashboard, provided by KAS BANK – a leading European provider of custodian and fund administration services, will give the Trustee a comprehensive overview of SAUL’s costs, which will support a full assessment of the value for money of SAUL’s spending.
SAUL took part in a pilot project and as a result, appointed KAS BANK to be its provider of cost transparency services for the next three years.
Kevin Wade, Chief Investment Officer for SAUL commented, "SAUL is very pleased to be working with KAS BANK on this cost transparency project. Its detailed and diligent approach, along with its analysis of SAUL’s investment managers’ responses on the costs, will prove invaluable."