FCA urges simplification of fund charges

It follows a review by the regulatory body of the marketing of 11 UK companies. The FCA said there were still examples of references to different charge figures across multiple documents, making effective comparisons difficult.

Clive Adamson, FCA director of supervision, said: “We believe it is important for investors to clearly understand and compare charges across the market as this, together with fund performance and risk profile, are the key areas that they should look at.

“We are encouraging all firms to respond to our findings and adopt the clarity and consistency we believe to be important.”

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