U.K. Money Managers Under Pressure Over Fees
- U.K. Financial Conduct Authority wants more disclosure
- Regulator says extra information would help retail investors
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The U.K. Financial Conduct Authority wants asset managers to disclose more information about how they measure their performance, ramping up pressure on active funds to justify their charges.
Fund managers may have to explain why they compare themselves with particular benchmarks and also might need to provide an estimate of transaction costs for some products, the supervisor said in a statement on Thursday. That would allow retail investors to more closely compare funds across the industry.