UK’s Nest extends TCA service from CACEIS

CACEIS has extended its partnership with Nest, the UK workplace pension scheme representing more than GBP25bn AuM (USD27bn), to provide an end-to-end cost transparency and benchmarking service. Previously, CACEIS had supported Nest in identifying transaction costs across its range of managers and funds. This three-year partnership has now extended to CACEIS providing an end-to-end cost reporting solution which will see it managing the collection process of the CTI templates on behalf of Nest, with a particular focus on annual management costs and transaction costs. Reporting will be at total fund level and also fund range level across all of Nest’s investment managers.

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