The Investment Association has committed to developing a common framework with regulators and insurers to improve the disclosure of charges and transaction costs across the fund management industry.
According to the Financial Times, the representative body for the UK asset management industry has entered into discussions with the Financial Conduct Authority (FCA) around fee transparency. The paper quotes the IA saying it hopes the reforms will "ensure customers get a consistent and meaningful set of information" about the costs of investing. IA director of policy Jonathan Lipkin (pictured) reportedly said: "What we want from an industry perspective is to proactively join the UK and EU regulatory requirements together as far as we can. "We can see a way to build an underlying s...
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