The Cost Transparency Initiative (CTI) is an independent group working to improve cost transparency for institutional investors with the responsibility for progressing the work already undertaken by the Institutional Disclosure Working Group (IDWG).
The CTI is supported by Pensions and Lifetime Savings Association (PLSA), Investment Association (IA) and Local Government Pension Scheme Advisory Board (LGPS SAB) and was recommended as part of the IDWG’s report to the FCA on 15 June 2018.
The IDWG was set up to support consistent and standardised disclosure of costs and charges to institutional investors.
Christopher Woolard, Executive Director of Strategy and Competition at the FCA commented:
“We welcome the launch of the Cost Transparency Initiative and have passed on the IDWG’s report and draft templates in full. The CTI has the right experience, resources and market coverage, and will represent a broad and balanced range of suppliers and clients of the institutional asset management industry to deliver results in the market and continue to build on the momentum created by the IDWG.
“The FCA has been asked to join the Cost Transparency Initiative as an observer and we look forward to our continuing involvement in this area.”
Press release
© FCA - Financial Conduct Authority
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