LGPS Practitioners & Asset Managers on Charge Cap Proposal

LGPS practictitioners and asset managers working with the LGPS, looking to hear your views. Independent Birmingham MP Ayoub Khan has proposed a charge cap on investment management expenses by LGPS funds. He suggests that they should do not exceed ten basis points of the asset base of the pension fund. What are your thoughts on this? Should the LGPS do more to reduce maanger fees? Is this a realistic expectations? I'd be interested to hear what you think #journorequest #lgps