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 ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
