Richard Saunders, chief executive of the IMA, blogs on the new guidance issued by the trade body urging groups to highlight ongoing charges rather than AMCs as well as publish trading costs.
Fund management has always held that its unique selling point is transparency. The information provided to customers is gold standard, specified in detailed regulations drawn up after extensive consumer testing around Europe. So, when the accusation is made that the industry is not being transparent, whether or not with a foundation in fact, it needs to be taken seriously. IMA is today releasing proposed guidance to members around the enhanced disclosure of fund charges and costs. It builds on the EU rules, for example by: • advising on best practice, such as always using the more ...
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