Lord Mendelsohn – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Mendelsohn on 2016-05-04.

To ask Her Majesty’s Government what assessment they have made of the initiative at Woodford Investment Management to publish monthly all the costs that investors pay.

Lord O’Neill of Gatley

The Government is committed to the principle that people should have access to appropriate and accessible investment options and understand the charges that they face. We appreciate the efforts that industry have made to fulfil this aim.

The Financial Conduct Authority (FCA) is conducting a market study into asset management, where such issues fall under its scope. The FCA expect to publish an interim report in summer 2016 and a final report in early 2017.