Cost disclosure template could be ready by April

Building 'awareness and understanding'

clock • 3 min read

A standardised template for the disclosure of investment transaction costs and charges could be adopted as early as April, Chris Sier has said.

The Institutional Disclosure Working Group (IDWG) chairman said the group has made significant progress on its proposed template, and that this could be ready for the start of most schemes' reporting years. Sier, who was appointed to the IDWG by the Financial Conduct Authority (FCA) last August, said the template will provide "a standard that asset managers can hang their hat on", providing benefits for asset managers, pension scheme members, trustees and the UK economy as a whole. "This is about creating a standard of data that is suitable for asset managers to give," Sier told deleg...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's SDR regulation will 'make advisers sit up and listen'

FCA's SDR regulation will 'make advisers sit up and listen'

‘There has to be a fundamental re-educating of the adviser community’

Isabel Baxter
clock 30 November 2023 • 4 min read
Advice/guidance boundary review will help 'bridge advice gap'

Advice/guidance boundary review will help 'bridge advice gap'

The FCA’s latest update leads to mixed reactions from the industry

Sahar Nazir
clock 04 August 2023 • 4 min read
FCA review confirms investment pathways working 'as intended'

FCA review confirms investment pathways working 'as intended'

No changes to initiative but industry called to better support savers

Holly Roach
clock 12 July 2023 • 3 min read