Members of the House of Lords have questioned the Financial Conduct Authority’s ability to “protect the market's stability” and called for emergency action from the Treasury.
On Monday (13 November), the House debated a private members' bill brought forward by former pensions minister Ros Altmann, which aims to overhaul cost disclosure rules for UK investment companies by removing them from the Alternative Investment Fund Managers Directive (AIFMD) regulation. Altman said the current EU cost disclosure rules, known as PRIIPS, have caused investment trust charges to appear artificially expensive, which had been deterring investment in various areas, particularly battery storage, wind and solar farms. Bill to overhaul investment trust cost disclosu...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
