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 ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Podcast: The art of market timing

Partner Podcast: The art of market timing

Listen to the latest podcast with Caglasu Altunkopru, Head of Macro Strategy, Multi Asset Solutions Group, at AllianceBernstein

Caglasu Altunkopru, Head of Macro Strategy, Multi Asset Solutions Group, at AllianceBernstein
clock 20 August 2025 • 1 min read
Partner Insight: Active management comes for private credit - In-depth investment approaches

Partner Insight: Active management comes for private credit - In-depth investment approaches

Jason Steiner, Jason Mandinach, Russell Gannaway, PIMCO
clock 08 August 2025 • 6 min read
Partner Insight: Why investors are eyeing opportunities in carbon removal

Partner Insight: Why investors are eyeing opportunities in carbon removal

New markets are emerging to enable institutions to invest in nature and potentially achieve sustainability-related objectives alongside key financial outcomes, says Dominique Ellis of Aviva Investors.

Dominique Ellis, Aviva Investors
clock 08 August 2025 • 3 min read
Trustpilot