Network boss calls on FCA to mandate full investment charge disclosure

Ian Cooke, chief executive of network Best Practice IFA Group, has called on the regulator to force asset managers to disclose their entire charge so it is transparent to customers.

He said the regulator should force a level playing field and clearly identify rules on how asset managers should disclose "hidden charges" to advisers and investors. Earlier this month, the Financial Conduct Authority (FCA) wrote to 11 fund groups as part of a thematic review into fund charges. The regulator is seeking to examine whether retail investors can understand and compare fund charges and costs amid concerns over the complexity of some charging structures. The Investment Management Association, which will from next year be known as The Investment Association, has also laun...