Study flags gap in council pension fund fees

clock •

A debate on fund manager fees is likely to intensify following research suggesting some council pension funds are paying significantly more to asset managers than others.

A study commissioned by the Financial Times appeared to show a striking disparity between the fees paid by local authority pension funds, which manage some £180bn on behalf of 4.6m people. Though it said direct comparisons are difficult as fees can depend on the investment strategy, a striking example highlighted that one fund's charges were almost three times as much as another's, despite the funds' size, allocations and performance being roughly the same. The research, conducted by London consultancy Investor Data Services, showed the disparity in charges between the £2.68bn Devon s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Two new funds launched

Michael Nelson
clock 06 October 2026 • 6 min read
Darius McDermott: Is it time to take another look at China?

Darius McDermott: Is it time to take another look at China?

'It has been a difficult period for the Chinese stock market'

Darius McDermott
clock 06 October 2026 • 5 min read
AI 'circular financing' raises dot-com bubble concerns

AI 'circular financing' raises dot-com bubble concerns

Quilter’s Marcus Brookes discusses at PA360 North

Sophia Panayi
clock 05 October 2026 • 3 min read