ClearGlass appointed to the new National LGPS Framework for Cost Transparency and Benchmarking Services

ClearGlass Analytics, a London-based data and analytics company, has been appointed as an approved provider on the new National LGPS Procurement Framework for Cost Transparency and Benchmarking Services, established jointly by the National LGPS Frameworks team and the Local Government Pension Scheme Advisory Board for England and Wales (SAB).

Following a competitive procurement process, ClearGlass has been appointed to both specialised Lots of the Framework:

• Lot 1 - Investment Cost Data Collation and Reporting Services

• Lot 2 - Investment Cost Data Analysis and Benchmarking Services

The Framework gives LGPS Funds, Pools and Administering Authorities across England, Wales, Scotland and Northern Ireland a simplified route to procure cost transparency and benchmarking services from screened, qualified providers. It builds on the LGPS Code of Transparency, established by the SAB in 2017 to bring greater clarity to investment costs across the scheme.

Commenting on the launch of the Framework, Councillor Roger Phillips OBE, Chair of the LGPS Scheme Advisory Board, said:

“This new framework will enable LGPS clients to procure the services they need to collate, validate and/or analyse and benchmark their cost data via a simplified procurement process. Users will also have the assurance that their preferred provider(s) have been appropriately screened to meet the necessary requirements.”

The Framework arrives at a pivotal moment for the schemes, with the SAB’s existing centralised cost data system due to close in August 2026. ClearGlass will work with LGPS Funds and Pools to support a smooth transition, providing the collation, validation, reporting, analysis and benchmarking of investment cost data templates - Cost Transparency Initiative (CTI) templates – supporting good governance and value for money oversight.

ClearGlass was founded by Professor Chris Sier, the academic and industry expert who led the development of the Cost Transparency Initiative (CTI) for the Financial Conduct Authority. Today, ClearGlass supports institutional asset owners across the United Kingdom, Ireland and internationally, providing data-driven cost transparency reporting and value for money analytics that enable asset owners to understand the full cost of investment management and assess value relative to the wider market. ClearGlass also supports asset managers to help them understand their market position relative to the wider market and competitors, driving optimised client outcomes.

Commenting on the appointment, ClearGlass CEO Tim Brown said:

“ClearGlass is proud to be appointed for both Lots of this important new Framework. The LGPS has long set the standard for cost transparency in UK pensions, and we look forward to supporting Funds and Pools across the United Kingdom with the high quality data, analytics and benchmarking to drive value for money for members and stakeholders.”

- Ends -

---

Further Information & Media Communications

Nicola Ellis

ClearGlass Analytics

1 King William Street, London EC4N 7BJ, United Kingdom

nicola@clearglass.com

+44 7384 727256

About ClearGlass Analytics

ClearGlass Analytics is a leading data analytics company headquartered in the United Kingdom and operating across multiple jurisdictions, serving institutional asset owners, their advisors, and asset managers as they navigate institutional investment markets. We aspire to bring transparency to institutional investing, empowering asset owners and their advisors to assess, and asset managers to deliver, true Value for Money at every level of the market. Our Cost Transparency & Value for Money Reporting equips asset owners to understand all costs of investment management and compare value delivered against the wider market, while our Market Positioning & Pricing Reporting empowers asset managers to precisely understand their actual competitive position and maximise AuM through optimal client prospecting and retention. To learn more about the company, our analytics, and our work across the global institutional investment market, visit us on LinkedIn or at www.clearglass.com.