Transparency Task Force calls for IA's Cummings to apologise over 'offensive' Loch Ness fees comments

Gina Miller and others deserve ‘apology…public recognition and thanks’

clock • 6 min read

The founding chair of industry pressure group Transparency Task Force and governor of the Pensions Policy Institute, Andy Agathangelou, has written to Investment Association's chief executive Chris Cummings, demanding the trade body apologise for controversial comments made in a 2016 press release regarding hidden fees.

Cummings said in a Radio 4 documentary yesterday (25 January) the comments in the press release describing 'hidden' fund fees, such as those related to transaction costs and research, as the "Loch ...

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