For those who haven’t yet heard of it, I’d like to give a brief introduction to the Transparency Task Force.
The TTF is one of the most exciting developments in UK investing today. It was set up in the spring of last year with the aim of increasing transparency in all areas of the pensions industry, from transaction costs to executive pay. It’s made up of people from right across the industry who give their time and expertise free of charge to try to improve outcomes for end investors.
I feel very very honoured to have been invited to join the TTF by its founder Andy Agathangelou. I took part in my first meeting yesterday and I very much look forward to playing a small part in this very important cause.
The TTF is not about advising fund trustees, institutions or individual investors to invest in any particular way, or promoting one type of investing over another. It’s simply about shining a light on a hugely important industry that is currently far too opaque.
These are still early days — the TTF website, for instance, is still under construction — but I am confident that the Task Force will make a very positive difference in this industry in the months and years ahead.
Watch this space and, if you want to get involved, why not come along to one of our events? Coming up next is a Transparency Symposium in London on 20th April, at which some key figures from the industry and the world of politics are due to speak.
I myself will be speaking at an event, also in London, on 22nd June, about the important role the financial media needs to play in increasing transparency, and how, whether they realise it or not, journalists are often part of the problem rather than part of the solution.