The FCA has named former Investment Association CEO Daniel Godfrey as the first chair of its new sustainable finance adviser group.

The People’s Investment Trust, the new investment vehicle created by former Investment Association chief executive Daniel Godferey, has halted its launch plans after fund-raising efforts produced insufficient money to get the project off the ground.

The industry has a very long way to go to improve fund fee transparency with investors remaining baffled when it comes to understanding fees, delegates heard during a lively panel debate on fund fee transparency at the Morningstar Investment Conference 2016 in London today. 

The IMA has reported that funds in its UK All Companies sector saw a net outflow in September of £852m - the largest ever. Read more...