Overview

The “Cost Compare” module of IGGiQ allows schemes to view and interrogate the underlying costs associated with running their investment mandates.

By benchmarking costs against those paid by comparable schemes and investors, Cost Compare provides complete transparency on all investment costs incurred - enabling trustees to negotiate strategically and drive fairness for their members.

Benefits include:

• More negotiating power :Allows trustees to benchmark fees based on the latest commercial data from comparable funds.

• More transparency: Provides clarity so that trustees can spend time focusing on strategic issues rather than costs.

• More cost efficiency for members: Members’ funds get put to work more effectively, improving outcomes in retirement.

Our partnership with ClearGlass

Cost Compare is powered by ClearGlass. The partnership delivers unparalleled cost benchmarking for institutional asset owners through access to the most comprehensive real time data on the market. By analysing live data from over 500 asset managers representing £1.3trn assets. Cost Compare empowers trustees to make informed decisions about the costs of running a scheme’s investment strategies.

Unlike many fee surveys, Cost Compare offers visibility on the charges that asset owners actually pay, rather than hypothetical charges, ensuring trustees have a clear and accurate understanding of how competitive their fees are to underpin negotiation and delivery cost efficiency for their members.

Are you paying too much?

ClearGlass data shows that many managers charge a very wide range of fees for the same service on similar-sized mandates. There is no reason for the difference in price. The difference looks worse when you compare similar mandates from different managers.

Unveiling the Hidden Costs

The service also allows you to delve below the headline fee or the Annual Management Charge (AMC) as it is called. The service benchmarks indirect costs that can also be compared and better understood. Cost Compare’s detailed analysis captures every underlying expense ensuring a complete understanding of the true cost of the service your asset manager provides.