London LGPS CIV LTD (London CIV) has selected CACEIS to provide cost transparency and benchmarking services.
Established in 2015 by London Local Authorities, London CIV manages London Local Government Pension Scheme (LGPS) assets.
CACEIS will provide London CIV with a comprehensive view on all costs by pulling cost data into a portfolio level, sub-fund level, asset class level and sub-asset class level view, with benchmarking across all of these levels.
The solution focuses on the quality control of data that is driven by a team of cost transparency analysts.
CACEIS already provides cost transparency and benchmarking services for Brunel Pension Partnership and recently joined the LGPS Framework for custody services in 2021.
CACEIS launched the UK’s first pensions cost transparency and benchmarking solution in 2017 to provide pension schemes with insight into the total cost of ownership of managing their schemes. The solution also covers all administrative and investment costs.
Pat Sharman, country managing director UK, CACEIS, says “We are really pleased to be working in partnership with London CIV, delivering them quality and robust data on their costs. The LGPS are a key sector for CACEIS, and the London CIV are a high profile client for our growing business in the UK.”
