Investment Association issues new guidance on the disclosure of authorised fund charges and costs

The Investment Association (IA) has issued new guidance on the enhanced disclosure of fund charges and costs to align more closely with cost disclosure requirements introduced by MiFID II and to take account of the FCA’s review of cost disclosures. The guidance is intended to encourage the IA’s members to standardise the disclosure of charges and to publish information about transaction costs. 

 The guidance does not include PRIIPs KIIDs and has been prepared on the basis that UCITS are exempt from the PRIIPs Regulation until the end of 2021 and that NURS will produce NURS-KII rather than opting to produce PRIIPs KIDs during that period. 

 A full copy of the IA’s guidance can be found on the IA website.