IMA: Groups must enhance fund charges disclosure

Instead of just outlining charges in the Key Investor Information Document (KIID), groups should provide further explanation of charges on their websites and factsheets in order to ensure transparency on fund charges within the industry, the IMA said. The trade body has been in discussions with a working group, representing 50% of retail investors' assets under management, and this morning published a consultation paper on the fund charge disclosure guidance. The ongoing charge, which will replace the Total Expense Ratio (TER) in KIIDs from July, should always be displayed instead of ...