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What’s to be done about fees & charges? A call to action AMNT meeting September 26 th, 2013 Martin Taylor.

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Presentation on theme: "What’s to be done about fees & charges? A call to action AMNT meeting September 26 th, 2013 Martin Taylor."— Presentation transcript:

1 What’s to be done about fees & charges? A call to action AMNT meeting September 26 th, 2013 Martin Taylor

2 Agenda When all else fails let’s get some facts There are lots of battles – which ones can we win? Is there a business opportunity for someone in this? Are there any existing efforts that we can leverage? Who will join us?

3 Declaring an interest My Scheme’s recent fee discussion with DGFs:

4 Extract from CEM’s presentation to AMNT September 2012 We are on a well- trodden path here..... My scheme is in the 75 th percentile – how can I get 10% percentile fees?

5 Extract from Michael Johnson’s presentation to AMNT June 2013 We are simple people, easily confused

6 Extract from Michael Johnson’s presentation to AMNT June 2013

7

8 Other People on the Field who may be able to help us

9 1 - Find out the 'best in class' fee costs for different types of investment manager & also the range - will need a survey - maybe use the large schemes as our benchmark 2 - Evaluate savings that could be made across all members - simple calculation in principle to evaluate the 'size of the prize‘ 3 – Agree which battles to fight 4 - Then communicate, communicate, communicate 5 - Implement scheme in our members to only invite providers with a best in class fee structure to 'beauty parades' & short lists - all others self-excluded Would we want an ‘AMNT ‘Kite Mark’? Who wants to be part of this or are we wasting our time? Next steps


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