The Institutional Disclosure Working Group (IDWG) has now made its recommendations to the Financial Conuduct Authority (FCA). The full report, including the templates, will be released in full once a new body or group is convened in autumn 2018 to curate and update the framework as needed in future.
Commenting on the recommendations, Joe Dabrowski, Head of Governance & Investment, Pensions and Lifetime Savings Association, said:
“The PLSA wants to see an institutional investment market that works efficiently, competitively and in the best interests of scheme members. A cornerstone of any well-functioning market is transparency. This is why we have been proud to work with the Institutional Disclosure Working Group (IDWG) on defining and measuring the full cost of investing.
“We were particularly focused on making sure that the data produced becomes information, which can be used by trustees to understand and manage their costs. The templates currently under review by the FCA will help firms to present costs and charges in a consistent and standardised way. We look forward to continuing to work with the industry and the FCA to take forward the recommendations made by the IDWG.”
Robyn Margetts, Head of Media and PR, Pensions and Lifetime Savings Association
T: 020 7601 1726, M: 07713 073023, E: [email protected]
Kathryn Mortimer, Press Officer, Pensions and Lifetime Savings Association
T: 020 7601 1748, M: 07901 007713, E: [email protected]
ABOUT THE PENSIONS AND LIFETIME SAVINGS ASSOCIATION
We’re the Pensions and Lifetime Savings Association; the national association with a ninety year history of helping pension professionals run better pension schemes. Our members include over 1,300 pension schemes with 20 million members and £1 trillion in assets, and over 400 businesses. They make us the voice for pensions and lifetime savings in Westminster, Whitehall and Brussels.
Our purpose is simple: to help everyone to achieve a better income in retirement. We work to get more money into retirement savings, to get more value out of those savings and to build the confidence and understanding of savers.