Chaired by NEST CIO Fawcett
Fund manager skill rare
Raises issues around fee transparency
Reported to be developing with regulators
Calls for further transparency
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.
The Financial Services Consumer Panel (FSCP) is calling on the regulator to implement "radical, structural reform" of how fund charges are disclosed to investors. But not all are in agreement. Industry figures reveal their view.
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.
AN APR FOR FUNDS?
Markit, the financial information services group and index provider, has created the ETF Encyclopedia, offering information on exchange-traded products (ETPs) around the world.