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FCA Asset Management Costs and Charges Template

April 27, 2018

What has happened?

The template set up by an FCA panel for the disclosure of asset management transaction costs and charges is scheduled to be released very shortly.

The institutional disclosure working group is an independent panel created by the regulator last September following the package of remedies outlined in the FCA’s final report into the asset management industry, which is available here.

The group, chaired by transparency champion Chris Sier, has been asked to come up with a standard template for a more transparent disclosure of the costs and charges that asset managers were asked to adhere to at the end of 2017.

At the end of January this year, a small group of fund managers started testing the template, with the tests later extended to a wider group of investment firms. A number of companies are still testing how the design for the costs disclosure would work for them. It is understood the working group will outline the steps it has undertaken since September in a report that the FCA will release to the public towards the end of June.

The disclosure template is not compulsory for pension funds and asset managers but is meant to disclose granular data on costs and returns to investors.

  • How can Thistle help you?

    Thistle will continue to keep this area under review and will issue further updates where necessary. Please contact us if you need assistance in relation to any of these issues.