Update: FCA call for evidence cranks up pressure on transaction cost disclosure

clock

The Financial Conduct Authority (FCA) and Department for Work and Pensions (DWP) have added to disclosure pressures by asking whether forthcoming reporting requirements for pension schemes should be extended to fund groups themselves.

The FCA and DWP announced this morning they are seeking views on how to report transaction cost information in a standardised, comparable format. The call for evidence comes ahead of 6 April 2015 changes to workplace pensions transparency but also takes place amid greater scrutiny of fund fees more generally. Announcing the call for evidence this morning, the FCA questioned whether forthcoming regulations and rules on transaction cost disclosure should only apply directly to pension providers and trustees, raising the prospect of these requirements also falling on fund groups. “In ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Pensions

Trustpilot