We are a founder member of the Cost Transparency Initiative (CTI), which launched a new cost transparency framework in May 2019. This built on the recommendations of the Institutional Disclosure Working Group (IDWG). The CTI, which launched in November 2018, is an independent group supported by the Pensions and Lifetime Savings Association, the Local Government Pension Scheme Advisory Board and the Investment Association. You can find more information on the CTI webpage.
The IDWG was disbanded after submitting its final report and recommendations to the Financial Conduct Authority (FCA) in June 2018. Its goal was to achieve agreement on a standardised disclosure template, building on the one we proposed in March 2017. We designed our template with the help of an Independent Advisory Board to provide a consistent approach across UK and EU regulations.