AIC sets out proposals to address investment trust cost disclosure concerns

A private members' bill tabled by former pensions minister Ros Altmann, which urged the government to remove investment companies from the Alternative Investment Fund Managers Directive (AIFMD) regulation, was selected in the ballot last week and will have its first reading on 22 November. Following a debate on the issue at the House of Lords on Monday (13 November), Richard Stone, chief executive of the AIC, said the bill would hopefully "accelerate action on this crucial issue of investment company cost disclosure". House of Lords questions FCA's ability to 'protect market...