A Practical Guide to Pension Fund Investment Costs

To help trustees and governance professionals. The landscape for cost and charge discovery is rapidly changing for the better due to factors such as improving investor awareness, calls for increased cost transparency by industry bodies, regulatory and market initiatives and

Read More →

A Simple Way to Compare Pension Fund Deficits – Case study LGPS

Transparent Methodology Reveals Larger Than Reported Variations in LGPS Valuations. In this report, CLERUS, in collaboration with Dr Iain Clacher from Leeds University Business School, sets out a methodology for comparing LPGS valuations on a council-by-council basis using public data

Read More →

The Price of Short-Term Advice: Performance Attribution of Investment Advisors using LGPS Data

Conflicts of Interest Cost LGPS £6.2 Billion Over 10 Years. In the first ever report of its kind CLERUS analysed Local Government Pension Schemes (LGPS) performance data to quantify the economic benefits of the various investment advisory alternatives used by

Read More →

Mis-selling of Alternatives by Investment Consultants? A Review of Methods Used to Promote Alternatives and Dress-up Performance

Promotion and Benchmarking of Alternatives by Consultants Questioned: £5bn Underperformance in LGPS revealed. CLERUS today released a new report which reveals that investment consultant’s promotion of alternative investments to LGPS does not stand up to proper scrutiny. It also raises

Read More →

Uncovering the Investment Performance Drivers of Local Government Pension Schemes

Increase in LGPS pension contributions directly linked to poor investment recommendations. CLERUS today released a report revealing that more than 60% of Local Government Pension Schemes (LGPS) performance variation is directly linked to investment recommendations, which are not being measured

Read More →

The Hidden Cost of Poor Advice: A review of Investment Decision-Making and Governance in Local Government Pension Schemes (“LGPS”)

£17 billion ‘hidden’ cost of poor investment decision-making and advice to Local Government Pension Funds. CLERUS has just released the first in a series of research reports on governance and investment decision-making in UK Pensions Funds. The first report focuses

Read More →