Asset managers in UK face duty to disclose costs



Asset managers in Britain will have a duty to disclose all transaction costs to workplace pension schemes that invest in their funds under the latest proposals by the financial regulator to improve transparency in a market with opaque fees.
Calling for responses to a consultation document by Jan. 4, 2017, the Financial Conduct Authority (FCA) said on Wednesday the planned rule changes would allow trustees and governance committees of defined contribution workplace pensions to properly assess if schemes provide value for money to members.
The FCA wants asset managers to break down... read more

 
5 October 2016 in Business, Views: 37
Source: Reuters
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