The Global Pension Transparency Benchmark launches in a bid to improve pension outcomes for members
The Global Pension Transparency Benchmark has revealed the opportunity for improvement in pension fund disclosure transparency around the globe.
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The Global Pension Transparency Benchmark is a world first global benchmark measuring transparency of pension disclosure, bringing a focus to transparency in a bid to improve pension outcomes for members.
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The GPTB ranks 15 countries on public disclosures of key value generation elements for the five largest pension fund organisations within each country.
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The GPTB focuses on the transparency and quality of public disclosures with quality relating to the completeness, clarity, information value and comparability of disclosures.
The overall country benchmark scores look at four factors: governance and organisation; performance; costs; and responsible investing; which are measured by assessing hundreds of underlying components.
Overall the transparency of disclosure varies greatly, both between countries and between funds, across all the factors that were measured. In some instances there are wild variances between the best and worst performers.
Pension funds around the world scored best on performance disclosure, followed by governance, cost and responsible investment.
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