FT Advisor – ‘IMA stands firm over fee disclosure’
An article discussing True and Fair and calls for fee transparency on the FT Advisor website.
HSBC, BlackRock and Legal & General join queue of industry insiders supporting need for a clear and full fee disclosure and yet, still, the head of the trade body, the IMA refuses to identify there is a problem let alone pursue a solution.
In fact the IMA have now admitted there are hidden costs, in this article the IMA is quoted as saying,
“Research showed that it would be misleading to investors to show the full costs as it would confuse more than educate.”
What would happen if every industry pursued this IMA philosophy of not letting the consumer know the full cost?
Posted By: True and Fair, 9:46 am