Funds 'failing' to meet FCA transparency measures - CFA UK report

Concerns over data "quality and completeness"

A newly released report has shed light on the flouting of rules designed to promote fund value transparency, according to professional standards body CFA UK.

The investigation found that reports on fund values often did not meet the criteria outlined by the Financial Conduct Authority (FCA) in 2018, with standards varying significantly and many reports on fund value not meeting the spirit of the FCA requirements.  Transparency Task Force publishes FCA 'wish list' The standard of Assessment of Value (AoV) reports varied substantially according to the findings - 24% of AoV reports did not clearly outline their investment objectives, which was one of the few specific requirements outlined by the regulator.   Likewise, 42% failed to state t...