IMA issues guidance on post-RDR performance data

The IMA has issued a guidance note to members, recommending fund groups retain the impact of higher fees of existing classes on performance data. The trade body argues the guidance will encourage a consistent approach among asset managers in the way they report past performance for RDR share classes to investors. Jane Lowe (pictured), the IMA's director of markets, said: "Current ESMA rules leave it to individual asset managers to choose how they present past performance information for the new RDR share classes. However, it is important the industry adopts a consistent methodology fo...