Investment Association responds to FCA proposals on transaction cost disclosure
In response to the FCA's announcement today on its proposals for transaction cost disclosure, Jonathan Lipkin, Director of Public Policy, said:
"Transparency is crucial to ensure the confidence of our clients, so we welcome today's consultation.
"The asset management industry is committed to introducing full charges and costs disclosure across all investment products and services. The work to make that happen is well under way, and has already resulted in a new template for Local Government Pension Scheme reporting.
"This morning's consultation provides clarity on FCA thinking regarding the workplace pensions market. Our goal here is consistent and complete reporting for all client groups, implementing both UK and EU regulatory change. We will therefore continue the work being undertaken with the IA Independent Advisory Board to ensure we can deliver meaningful disclosure in tandem with new FCA rules."
