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AIC renews call for Labour to fix cost disclosure rules
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Plans are in place to write to the new economic secretary to the Treasury «as soon as they are appointed», according to an AIC release last week (5 July). The trade body has called for the reforms since 2018, when investment trusts were brought under the current scope of regulated cost disclosure. Richard Stone, CEO of the AIC, reiterated the trade body's demands for this to be reversed to the new Labour Treasury. House of Lords condemns FCA's application of cost disclosure regime for investment trusts The issue stems from the UK's application of two pieces of European Union-der...
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