IMA: Groups should agree new cost disclosure stance by end-2013

IMA chief executive Daniel Godfrey says there is "no reason" why fund groups should not be able to agree a methodology for displaying costs more transparently by the end of 2013.

When I posted my last blog suggesting a new way of explaining costs and performance to our clients in simple, once-and-done, pounds and pence figures, I wanted to get feedback. I have not been disappointed! I wanted to stimulate other ideas and identify any potential problems. I wanted to be able to judge how controversial or impractical these proposals were so that we could decide how best to take them forwards. In the event, the response has been overwhelmingly positive. I have received some practical questions related to how we might deal with the way some managers protect fu...