UK coal pension cost study offers investment lessons

Investment costs are increasingly coming under the spotlight as it becomes ever harder for asset owners to squeeze out decent returns from their portfolios. That is one key reason why Coal Pension Trustees – which manages the £21 billion ($27.5 billion) in assets of the UK’s two legacy coal industry pension funds* – recently completed its most in-depth analysis of total costs. “It was the first time we went to that level of detail, and now we will report on it annually,” Mark Wa…