Campaign to tackle 'opaque' fund charges launched

The True and Fair Campaign calls for the government and regulators to approve and mandate a 'code and labelling' scheme which would ensure customers are provided with product information in a "consistent, unified and understandable" format. It wants a guarantee of 100% transparency in respect of where clients' cash is invested, and of the underlying costs of all investments. "A lack of transparency throughout the investment management industry, together with layering of costs, product complexity and use of convoluted language has led to a loss of consumer trust and confidence", the ca...