Emergency FCA action needed to prevent collapse of UK investment companies and boost pension fund investment in sustainable growth
Misleading cost disclosures are reducing investments in alternative energy and harming UK growth. UK investment Companies are ready-made for kick-starting pension investment in sustainable UK growth, but FCA charge reporting rules makes them look high-cost, deterring new investors. No more dithering and delay – Government should intervene now to ensure the FCA stops these inappropriate EU-derived charge disclosure rules being applied to UK investment companies. FCA objectives to ensure fair competition, well-functioning, orderly markets, properly informed consumers and accurate charge…