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.
Patrick Murphy, founder and director of PureResearch Panel is overreacting There is an argument that it needs to be clearer to the underlying investor what the actual cost for the fund management element is, and what the cost for all the other associated costs such as portfolio dealing, custody, administration or platforms charges are. This is where the opacity lies and perpetuates the belief for some that costs are out of control. Investors will always be prepared a higher cost if they are getting genuine outperformance from active management over a longer period of time, the challen...
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