SSPF incurs the following costs in administrating the pension scheme. The administration costs include pension management, asset management and transaction costs.
- Pension management costs - these include the costs of pension administration, communication, the Board, financial management costs and projects.
- Asset Management costs – these are the management costs of investments, including performance-related remuneration, custody fees and accounting and legal advice fees.
- Transaction costs – these are the costs incurred in buying and selling investments. These form part of the cost of the investments.
In the Annual Report you will find a breakdown of the costs we incur.