
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
More on Asset Management
US mutual funds’ crypto holdings doubled to over $1bn in Q1
BlackRock and MSIM are among 16 US fund managers dipping their toes into crypto investing
Billions could leave US assets as dollar optimism wanes
For some currency specialists, it may be time for investors to revisit their allocation to dollar-denominated assets
Banks have huge opportunity to capitalise on balance sheets
Several banks have started to push into the currency management and overlay space to challenge incumbents
FCA: asset managers need to improve cost control in FX
UK regulator's interim findings on asset management highlight the need for more transparency
Priips set to shake up FX transaction cost analysis
European regulators poised to place new burdens on asset managers regarding FX
FlexTrade opens office in Australia
The multi-asset system provider aims to pick up some business as retirement funds Down Under look elsewhere for returns
Quants: carry and value will work for next six months
Less volatile market conditions look favourable for these strategies
Curex chief: anonymity is key to best execution
Curex and FX Connect sign agreement to provide clients with an alternative liquidity pool