Investment companies will no longer be required to produce KIDs
A draft Statutory Instrument proposed by HM Treasury found EU-inherited cost disclosure rules are ‘not accurate’
A draft Statutory Instrument proposed by HM Treasury found EU-inherited cost disclosure rules are ‘not accurate’
The investment trust sector is increasingly willing to take difficult choices to deliver shareholder value
MP Bim Afolami says the government is planning to consult on the issue in the next quarter
One day after Urban Logistics urged shareholders to vote against it
Comes one week before its consultation with shareholders
Argued against cost disclosure rules for investment companies in reading of second Private Member’s Bill
Gravis’s Bill MacLeod explains how a FinDaTex tweak could prevent double-counting of investment company costs
Sales of investment companies overtook purchases by £53m
Institutions hold £89bn in investment company shares
Trust exposure will increase from 4% to 45% in an effort to improve liquidity
Amount is equivalent to six months’ worth of management fees
Regulators acknowledges that requirements ‘may not result in representative cost information being published’ for investment companies