Fund fee transparency: Time to get a move on?

Fund fee transparency: Time to get a move on?

The move towards more transparent fund charges is unquestionably a good thing for investors. But the evolution of those changes can often look like baby steps taken at a glacial pace.

There have been some notable stops along the way in recent months: the government’s announcement of a charge cap for workplace pensions, for instance, a reformed disclosure regime from Invesco Perpetual, and the IMA’s development of a new code of practice for its members. ‘Stops’ may be the operative word here. Several fund houses have said they support Invesco’s move and are preparing similar initiatives, but there has been no concrete action as yet. The IMA’s initiatives, meanwhile, are also proceeding slowly. The trade body is hoping to implement the first stage, a “pounds and penc...