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Industry backs House of Lords call to reform 'misleading' investment trust cost disclosure
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In a letter to The Times, Sharon Bowles, Ros Altmann, Bryn Davies and John Baron argued that UK investment companies have been facing a «deepening crisis» over the last two years. They said investment trusts have been «shunned» by investors and platforms because of EU regulation, as they remains on the UK statute book, despite not applying to any listed investment companies in Europe. FCA sets out temporary measures to address investment trust cost disclosure concerns «Under UK interpretation, investors are told that management charges are an additional cost, which is misleading,» ...
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