Monthly Archives: August 2013

27Aug 13

Transparency over the true cost of investment is more vital than ever

MARK Carney has been lauded by homeowners for giving forward projections on interest rates, now set to deliver record low mortgage bills for the forseeable future.

To read the full article, please click here.

Posted By: True and Fair, 7:48 pm

23Aug 13

As clear as mud?

There’s good news and bad news for those of you, like us, who want to see fairer and more transparent charges in the UK investment industry.

To read the full article, please click here.

Posted By: True and Fair, 7:41 pm

19Aug 13

Is it worth paying a performance fee?

Annabel Brodie-Smith, of the Association of Investment Companies, says a performance fee should “reward demonstrably superior performance.”

To read the full article, please click here.

Posted By: True and Fair, 10:55 am

09Aug 13

Fund charges still not fully disclosed

“Imagine if next time you caught a flight, the airline priced your seat at an amount per mile but refused to tell you how many miles you would be travelling, would you not be livid?”

To read the full article, please click here.

Posted By: True and Fair, 4:16 pm

09Aug 13

Support for IMA plans to create better fund cost disclosure

Investment Management Association plans for funds to reveal all their costs in a simpler and more transparent way in annual reports have been broadly welcomed.

To read the full article, please click here.

Posted By: True and Fair, 4:14 pm

05Aug 13

BBC Radio 4 statement

5th August 2013

Commenting on BBC Radio 4′s ‘How You Pay for the City’ programme, aired on Sunday 3 August 2013, (http://www.bbc.co.uk/programmes/b037r5dh) Gina Miller, founder of The True and Fair Campaign stated:

“BBC Radio 4′s ‘How You Pay for the City’ programme, aired on Sunday, is a damning indictment of the complex fee charges and lack of transparency that exists in the fund management industry. The IMA’s claim, on the programme, that the industry is working to find a way to report fund fees and charges via a single pounds and pence figure for ‘historic costs’ is blatantly misleading.

IMA CEO Daniel Godfrey admitted on the programme that ‘it’s very difficult for a reasonable investor to pick through all of it [the information] to find all the pieces’ and stated that the IMA was working on a ‘proposal’ to provide a single figure ‘in pounds and pence’ to show historic costs for investment funds.”

Posted By: True and Fair, 2:17 pm

05Aug 13

Fund managers to offer breakdown of charges under new industry plans

Fund managers to offer breakdown of charges under new industry plans – but critics say it will mystify investors

To read the full article, please click here.

Posted By: True and Fair, 12:10 pm

03Aug 13

BBC Radio 4 – How You Pay for the City

BBC Radio 4 – How You Pay for the City, Episode 1

To read the full article, please click here.

Posted By: True and Fair, 1:13 pm

01Aug 13

IMA finally agrees on one ALL in cost number but the nuts and bolts of how to calculate it shows it is missing a few basic mathematical screws – namely addition and multiplication.

IMA finally agrees on one ALL in cost number but …

 

IMA finally agrees on one ALL in cost number but …

Posted By: True and Fair, 5:07 pm