FCA proposes standardised transaction cost measurement
It proposes placing a duty on asset managers to disclose aggregate transaction costs to investing pension schemes
The UK's Financial Conduct Authority (FCA) has proposed rules and guidance aimed at standardising the disclosure of the transaction costs incurred by pension investments, in a bid to deliver consistency in reporting and cost assessment.
The consultation period is open until January 4, 2017.
The regulator's move bodes well for the already buoyant transaction cost analysis (TCA) and order-management system sectors, as the proposed rules will clarify what needs to be measured and reported – and how
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