Andy Agathangelou has expressed concern the Financial Conduct Authority (FCA) could allow the Investment Association (IA) to write its own cost disclosure rules, which he said could favour asset management firms to the detriment of investors.
Transparency Task Force founding chair Agathangelou said the IA was "too conflicted to be responsible for the development of a costs disclosure code". He argued the IA's code did not take care of retail...
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