Lord Forsyth of Drumlean, chair of the Financial Services Regulation Committee, has written to Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), pushing for a resolution to the cost disclosure issue that has been plaguing the investment companies sector.
This is a very welcome intervention, we think, and hopefully it will add to the very considerable pressure on the FCA to sort out this problem.
We have attached the letter here