UK watchdog tells asset managers to review cost disclosures


LONDON, Feb 28 (Reuters) – Asset managers are not calculating transaction costs or disclosing them properly to investors and should review their procedures, Britain’s Financial Conduct Authority (FCA) said on Thursday.

“Asset managers should review their cost disclosures to ensure that they are clear, fair and not misleading,” the FCA said in a statement. (Reporting by Huw Jones; Editing by Mark Potter)



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