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What’s to be done about fees & charges?

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

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What’s to be done about fees & charges?

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  1. What’s to be done about fees & charges? A call to action AMNT meeting September 26th, 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 75th 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. Extract from Michael Johnson’s presentation to AMNT June 2013

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

  9. Next steps 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?

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