Transparency Task Force calls for IA's Cummings to apologise over 'offensive' Loch Ness fees comments

Gina Miller and others deserve ‘apology…public recognition and thanks’

clock • 6 min read

The founding chair of industry pressure group Transparency Task Force and governor of the Pensions Policy Institute, Andy Agathangelou, has written to Investment Association's chief executive Chris Cummings, demanding the trade body apologise for controversial comments made in a 2016 press release regarding hidden fees.

Cummings said in a Radio 4 documentary yesterday (25 January) the comments in the press release describing 'hidden' fund fees, such as those related to transaction costs and research, as the "Loch ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

PLSA updates stewardship and voting guidelines to reflect changing environment

PLSA updates stewardship and voting guidelines to reflect changing environment

Justin Wray outlines changes around AI, listing rules, climate change and social factors

Justin Wray
clock 28 February 2025 • 3 min read
Schroders to manage £400m following Utmost Life and Pensions partnership

Schroders to manage £400m following Utmost Life and Pensions partnership

Deal follows Utmost’s entry into BPA market at the end of last year

Jonathan Stapleton
clock 28 February 2025 • 1 min read
Partner Insight: A thoughtful approach to private markets

Partner Insight: A thoughtful approach to private markets

The People's Pension's Dan Mikulskis discusses how private markets can drive long-term growth for pension schemes, but only if costs are controlled.

Dan Mikulskis, The People's Pension
clock 28 February 2025 • 2 min read
Trustpilot