Watchdog orders fund managers to give a full breakdown of transaction costs to pension funds



Fund managers will be required to breakdown the transaction costs incurred by the workplace pension funds that invest with them - revealing how they eat into savers' returns - under new proposals from the Financial Conduct Authority.
At present, fund managers don't have to fully disclose these costs in a standardised way, but the financial watchdog wants that to change.
If the proposals go through, firms will have to provide the breakdown of transaction fees on request, divided into identifiable costs such as taxes and securities lending costs.
This seemingly arcane information will allow... read more

 
6 October 2016 in Business, Views: 42
Source: Daily Mail
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