CTI Collation and Benchmarking

Descriptions

Brunel are seeking a single vendor to provide a discretionary service of collating, processing, reporting and benchmarking on costs incurred by clients invested in Brunel's multi-manager investment funds. The vendor must be able to provide the services below: 1)Cost Transparency Initiative (CTI) template collation, production & processing. We require a provider to provide the following on an annual basis: •Collate the costs & charges from the underlying investment managers within our Listed & Private Market multi-manager funds •Produce both the fund & client-level versions of the CTI templates to a specified timeline at a March financial year end •Create the Byhiras templates at both client & investment-level and upload onto the AB Cost Transparency, Compliance & Validation System. Data is to be collected by means of templates created by the Pensions & Lifetime Savings Association (PLSA) as updated from time to time, and through other supporting documents produced by the underlying fund managers for the mandate(s) they hold for Brunel. The CTI was set up to support consistent and standardised disclosure of costs & charges to institutional investors however, as it may not be relevant for all breakdowns of costs & charges to all asset classes we are looking for a provider who: •Has the necessary investment knowledge & experience to analyse the data given within a controlled environment •Is able to follow up with investment managers for further information if not sufficient, to ensure accurate reporting and quality assurance across all asset classes. As the data being collated from the investment managers is complex in nature and there is a desire internally to analyse the information separately from the CTI output, it is expected that the provider has an automated and efficient way of capturing the underlying costs & charges in a centralised portal or database, to which Brunel will have access. 2)Benchmarking and/or provision of value for money scoring •By using the collated CTI templates, the service will deliver objective, actionable benchmarking reporting on the value for money Brunel's investment funds provide at the following levels: •Fund •Client •Pool •The analysis should be broader than just a comparison of ongoing charges for underlying investment managers and should highlight areas for improvement, where applicable. •Benchmarking will also be required at a total asset class level: Passives, Private & Listed Markets. •Depth & breadth of the benchmarking universe needs to be sufficiently rich to draw conclusive analysis on value for money for Brunel's clients and should be directly comparable to Brunel's investments where possible. •Reporting should include trending analysis & expectations on the impact on costs and performance as the pool grows and should reflect the service provider's deep understanding of asset class cost dynamics. •Access to the data to conduct internal analysis is also a requirement.