The IA has announced it is going to take a more pragmatic and consultative approach to the disclosure of fund costs by establishing an independent panel.
The Investment Association (IA) has proposed a new method of presenting portfolio turnover rates, and called for transaction fees to be separated from fixed costs, as part of a push for more comprehensive fund fee disclosure.
Skandia has negotiated an average deal of 40bps to 45bps for funds in its WealthSelect panel, Investment Week can reveal