The Investment Association (formerly the Investment Management Association) has published a paper on the ‘Meaningful Disclosure of Costs and Charges’ which provides new proposals for discussion with regulators, government, the industry, and investors and their representatives. The Association is proposing a new methodology for a consistent calculation of the portfolio turnover rate (PTR); allowing for a consistent disclosure framework for charges and transaction costs; and sets out how all the explicit and implicit costs incurred when investing in a fund should be disclosed to the end investor.

Read "Meaningful Disclosure of Costs and Charges" (PDF)