IA launches consultation on charges and transaction costs

The consultation will set out an industry code, aiming to provide a "blueprint for the reporting of charges and transaction costs using a consistent approach across the market and in line with regulatory requirements". The IA said the move forms part of an ongoing initiative to increase  transparency across the industry. As well as facilitating the provision of data under MiFID II and PRIIPs, it intends to be fully compliant with final rules for the UK DC market following the FCA's consultation on transaction cost disclosure in workplace pensions and will adapt, as necessary, to the c...