Most authorised fund managers plan to strip back their UK value assessment disclosures on the back of changes to local regulations, new research shows.
The Financial Conduct Authority amended its rules for assessment of value reports in October, removing the need for asset managers to publish “many of the detailed reporting requirements” and instead provide only a summary of the findings in their annual report.
Hugues Gillibert, chief executive of Fitz Partners, a specialist fee research company, added that the shift from publishing detailed fund-level information to a summary report “takes nothing away from the analysis itself”, but “allows clearer disclosures and allows less text that would have put off retail investors”.