FSA adds to its single pricing plan

The FSA is adding yet another method of fund pricing in an attempt to make charges more easily understood by consumers. Under the FSA's proposed single pricing scheme, issued last week, managers will now be able to swing the price of an Oeic. This will mean the price of the shares can include the mid-market value of the underlying assets in a fund, adjusted to take into account any transaction costs, which usually arise when an investor enters or leaves a fund and causes the manager to buy or sell assets to compensate, include broker commissions, market spreads and fiscal duties. Typicall...