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Schroders is first asset manager to sign up to PTL’s Clear Funds service

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PTL, the leading independent trustee and governance services provider, today announced that Schroders is the first asset manager to sign up to independent trustee and governance service provider PTL’s Clear Funds solution, a transaction cost assessment service launched in January.

Richard Butcher (pictured), Managing Director at PTL, says: “We created Clear Funds to help asset managers support their clients, whether trustees or IGCs, to assess the value for money of the transaction costs incurred by their funds. The Clear Funds report following our assessment, which the asset managers will share with their clients, will save all the parties involved a substantial amount of time, effort and money. There is no other solution in the market that achieves this.
 
“In becoming the first asset manager to utilise Clear Funds, Schroders has shown that they are pro-active in helping their clients, eager to take the lead in cost transparency, and responsive to industry change. By adopting Clear Funds they are choosing to go beyond the current regulatory requirements for providing transaction cost data, and highlighting their willingness to go the extra mile to make this whole process as easy as possible for their clients.”
 
Tim Horne, Head of UK Institutional Defined Contribution, at Schroders, adds: “We are always looking for ways to stay at the forefront of client governance, and to leverage innovative solutions, which is why the Clear Funds proposition really appealed to us. An independent assessment of the transaction costs in our funds – and our framework to control these costs – allows us to give our clients a fast and credible solution to their regulatory responsibilities. PTL is a leader in modern governance techniques, and we look forward to making their Clear Funds reports available to our clients.”

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