Investment Association urges FCA to drop 'flawed' DC cost disclosure methodology

James Phillips
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Investment Association urges FCA to drop 'flawed' DC cost disclosure methodology

The Financial Conduct Authority (FCA) must ditch the methodology used to calculate transaction costs incurred by investment of defined contribution (DC) funds as a matter of urgency, the Investment Association (IA) says.

The trade body said "immediate action" must be taken to suspend and replace the methodology which is causing "investor detriment". It added the wider rollout of the methodology - which sits unde...

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James Phillips
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James Phillips

Professional Pensions journalist from 2016-2022

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