Cost disclosure template could be ready by April

Building 'awareness and understanding'

A standardised template for the disclosure of investment transaction costs and charges could be adopted as early as April, Chris Sier has said.

The Institutional Disclosure Working Group (IDWG) chairman said the group has made significant progress on its proposed template, and that this could be ready for the start of most schemes' reporting years. Sier, who was appointed to the IDWG by the Financial Conduct Authority (FCA) last August, said the template will provide "a standard that asset managers can hang their hat on", providing benefits for asset managers, pension scheme members, trustees and the UK economy as a whole. "This is about creating a standard of data that is suitable for asset managers to give," Sier told deleg...