BlackRock wants “absolute transparency” on private market fees as the UK government pushes pensions to plough funds into unlisted assets.
“The sentiment is that we need absolute transparency and we need to work towards that,” said Armit Bhambra, head of corporate pensions UK at BlackRock at last week’s Pensions and Lifetime Savings Association conference in Edinburgh.
The comments come as Britain is seeking to ignite an investment “big bang” by convincing pensions and other large asset allocators such as endowments and sovereign wealth funds to invest in unlisted UK assets.
In the UK, asset managers, including BlackRock, have in recent years been pushed to adopt standardised fee templates to help pension fund clients understand what they are paying.
