Fund charges: IMA says industry has 'nothing to hide'

IMA chief Richard Saunders said it was important consumers understand the fees they pay for financial products, but that existing rules "provide for full and detailed disclosure of the charges incurred in managing a fund". His remarks follow an address given by FSA managing director Martin Wheatley at the regulator's annual management conference this week. Wheatley, who is CEO-designate of the incoming Financial Conduct Authority (FCA), one of the FSA's replacement organisations that will regulate asset managers, said consumers needed to be assured they were getting value for money wh...