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.
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