FCA to publish voluntary cost disclosure templates in autumn

Institutional Disclosure Working Group

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FCA's Woolard: Significant progress has been made by the working group
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FCA's Woolard: Significant progress has been made by the working group

A Financial Conduct Authority (FCA) working group has recommended five institutional cost disclosure templates, although it says these should not be made mandatory.

The Institutional Disclosure Working Group (IDWG), chaired by long-time campaigner Dr Chris Sier, has said its five proposed templates will cover charges associated with most asset classes. A summary of the group's recommendations was published today (5 July), with the regulator confirming a further body - one of the suggestions - would be established in the autumn to "own the outputs of the work so far" as well as curate and update the templates. It will be required to publish a report within a year of its creation. The five templates are: a main account-level template covering most ...

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