The Disclosure Code Independent Advisory Board was set up under the auspices of the Investment Association – the trade body for the asset management industry – as it looks to deliver the next generation of costs and charges disclosure codes for the investment industry.

The Board will ensure the project delivers on its aim to create a standardised, fully Comprehensive Disclosure Code for asset managers to disclose investment costs.

This will create a next-generation Disclosure Code for the costs of running the investment ‘engine’ inside savings products such as pensions. This ambition is in line with both new regulatory requirements and wider client expectations of greater transparency and accountability.

The project focuses solely on the costs of the investment engine and will complement efforts by others in the delivery chain, including pension schemes, wealth managers, platforms and advisers, to make all costs clearer to consumers.

The Disclosure Code will also provide a scheme for disclosure that will enable asset managers to be fully compliant with both UK and EU regulation.

Press release on the establishment of the board.

Our People

The Disclosure Code Independent Advisory Board members are as follows:

Mark Fawcett (Chair), NEST

Andy Agathangelou, The Transparency Task Force

Yvonne Braun, The ABI

Richard Butcher, PTL

Tereza Fritz, The Financial Services Consumer Panel*

David Hare Chair, Phoenix Life IGC

Chris Hitchen, RPMI

Jeff Houston, The Local Government Association

Thomas Mercier, PLSA DB Council

Alex Pocock, The Society of Pension Professionals (SPP)

Graham Vidler, The PLSA

David Will, The Society of Pension Professionals (SPP)

*The Financial Services Consumer Panel will be joining the Advisory Board as an expert contributor