Page 43 - Transforming To Stay Successful

asset management model allows BCI to gradually mitigate this cost What’s CEM
driver. By the end of this three-year business plan period (F2020), we Benchmarking?
anticipate that these costs will account for 45 per cent — a difference
in percentage that will make our overall investment management
services more cost-effective. Remember that the returns are reported
net of all fees and expenses. The more we manage in-house, the
They are an independent
more we hold onto for our clients.
provider of objective
benchmarking information for
MORE TO COME
large pools of capital including
pension funds, endowments/
BCI is obligated to work in our clients’ best financial interests at
foundations, and sovereign
all times — it’s specified in our enabling statute and contractual
wealth funds.
agreements. We are accountable for the accuracy of our financial
planning and strive for a balanced budget.

We will benchmark our costs against peers, as well as communicate
the findings of CEM’s annual survey on investment management fees.

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COSTS MATTER 43