Michelle Carroll (pictured), Partner of the Financial Services Group at BDO, comments on the IMA issuing a public consultation on fund charges…
We welcome the proposed changes by the Investment Management Association (IMA) to the disclosure of investment fund charges and believe this will lead to greater transparency and investors confidence.
However, this will lead to greater costs for investment managers in collating this data and with a new SORP predicted around the same time, is this the right moment to implement the new SORP and add more burden to investment managers with the current accounting and regulatory changes?
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