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Oliver Jaegemann, AMX

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Cost efficiency is one of greatest concerns for pensions decision makers

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More than four out of five pensions decision makers worry about cost efficiency, according to new research from AMX, an open architecture marketplace for the buying and selling of asset management services.

The research, which surveyed 200 individuals with investment responsibilities for pension schemes, also found that three quarters (74 per cent) are concerned about time wastage, while 77 per cent worry about the level of transparency they have regarding the funds they choose to invest in. Over a quarter (26 per cent) are not confident about the level of transparency that they have with regard to operational costs incurred by managers.
 
Oliver Jaegemann (pictured), Global Head of AMX, says: “These concerns surrounding costs, time and transparency come as no surprise to us. The investment management industry model is completely outdated. When compared to the rate of technological change in other industries, the institutional investment industry has been virtually stagnant over the last decade.”
 
Unsurprisingly, 91 per cent of respondents considered fees to be an important consideration when selecting an active asset manager for their company’s pension scheme, with 85 per cent of respondents also citing reputation of the firm and past performance of the product (84 per cent) as important. 
 
“It is clear that an industry transformation is long overdue,” says Jaegemann. “We are committed to challenging the inefficiencies and complexities in the industry through the creation of a new marketplace. It is quicker, more transparent and cost efficient, and benefits all stakeholders: investors, managers and the end saver. Whilst there is still a long way to go, we are confident that AMX can play a part in revolutionising the industry.”

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