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Canadian pension funds are seeing significant cost savings from in-house asset management but are still relying on external managers, according to a new survey from CIBC Mellon.
It found among funds that have taken asset management in-house, 66 per cent said they achieved savings. Of those, 91 per cent reported more than 10 per cent savings and 35 per cent saved more than 20 per cent. And among funds using external managers, 86 per cent intend to look for lower fees over the next 12 months.
Almost two-thirds (64 per cent) of pension managers said the clear strategic alignment of long-term objectives was one of the most important advantages of in-house management and 56 per cent said in-house teams have a better understanding of overall asset allocations.
Canadian Pension Plans Increasing In-House Capabilities and Expanding Strategic Outsourcing, According to New Research from CIBC Mellon
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Pension funds increasing in-house asset management: survey
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