The Pensions and Lifetime Savings Association (PLSA) has announced it intends to respond to the Investment Association’s (IA) latest consultation, Enhanced disclosure of charges and transaction costs.
The asset management industry recognises the need to provide a clearer explanation of the costs associated with delivering investment returns. Therefore the goal of the Disclosure Code is to develop a consistent and comprehensive framework that will allow fund and asset managers to deliver underlying charges and transaction cost information using standard definitions, regardless of the distribution channel and the way in which this information will eventually be presented to clients.
Graham Vidler, Director of External Affairs, Pensions and Lifetime Savings Association, said:
“The PLSA has always recognised the importance of understanding transaction costs in order to ensure value for money on behalf of scheme members; and it’s good to see the IA taking steps to standardise disclosure. We will respond to the consultation, with a focus on ensuring that the code permits consistency and comparability.
“We urge our members and the pensions industry as a whole to respond to this important consultation.”