UK watchdog tells asset managers to get in line on cost disclosure - What about Asset Based Finance!

LONDON (Reuters) - Britain’s markets watchdog will force asset managers to be more transparent about the costs they charge customers if the industry does not implement a voluntary scheme to improve transparency within a year.

The asset management industry came up with a voluntary “template” on costs and fees for large customers like pension schemes following a critical “value for money” review by the watchdog the Financial Conduct Authority.

“It’s a real test now for the industry if they take this up,” FCA Chief Executive Andrew Bailey told parliament’s pensions committee on Wednesday.

Andrew what about the Asset Based Finance Industry?

https://www.reuters.com/article/us-britain-pensions-regulator-idUSKCN1PV1QA