Eskom, described by Goldman Sachs as the biggest threat to the South African economy, has become mired in over R480bn debt. With the majority of its bonds being government guaranteed, the state is obliged to step in when Eskom anticipates payment pressure
Managers in U.K. question what disclosure really means
Bloomberg
Some money managers operating in the U.K. have been called out for not complying with cost disclosure industry standards, but sources argue a big part of the problem is that investors and managers can differ on what s sufficient disclosure and how it s presented.
Cost templates created by an investor and manager group known as the Cost Transparency Initiative aim at helping U.K. investors determine hidden non-management fees that money managers charge as part of overall costs. They also help to determine transaction costs.
Since the introduction of the templates in 2018, retirement plans have been requesting information on manager costs via companies that collect this information.
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