Cost disclosure

FCA Consults on Fund Product Information and Cost Disclosure CP24/30 – ShareSoc Responds

In November 2024, the FCA launched a consultation on a proposed product information and cost disclosure regime for funds – now referred to by the regulator as CCIs (Composite Consumer Investments).  ShareSoc has become increasingly concerned in recent years by the divergent and often perverse implementations of cost disclosure by UK retail platforms under the EU regulations for Packaged Retail and Insurance-Based Investment Products (PRIIPS) and MiFID II. A particular area of concern has been listed closed-end funds (investment companies and investment trusts), ...