Ros is quoted in Investment Week, and also Professional Adviser, as the FCA and Treasury announce they want to end the misleading of consumers about how investment company charges are paid. One year after Ros’ Private Member’s Bill was launched in the Lords, it seems there has been recognition of the damage the flawed charge regime has inflicted on UK companies, markets and sustainable growth.
Ros is quoted by Citywire, as the FCA and Treasury have finally agreed that the current system for charge disclosures by UK listed closed-ended investment companies is damaging to consumers and markets, as it misleads investors about the true nature of management expenses for the company’s portfolio.
Ros is quoted in FTAdviser’s report of the First Reading of Baroness Bowles PMB to reform costs disclosure and labelling of UK closed-ended listed investment companies. ( link to pdf )
Ros is quoted in Portfolio Adviser, as Baroness Bowles has a first reading for her Private Member’s Bill which follows on from Ros’ Bill in the last Parliament, aiming to ensure consumers are not misled about costs of investing in closed-ended UK listed investment companies. ( link to pdf )
Ros confirms progress on trust cost disclosure reforms undone by general election in Investment Week.
Investment Week highlighted the fall of Ros’ Private Member’s Bill, as the General election prevented it proceeding to the Commons.
Ros was quoted in New Model Adviser explaining that the General Election being called has meant no legislation has been passed to end the charges disclosure problem for investment companies.
Ros published a column in Citywire, responding to an article that suggested changes to investment company charge disclosures would be damaging, rather than helpful. She explains that this issue is widely misrepresented and misunderstood and needs urgent resolution.
Ros is quoted in a Citywire article criticising her Private Members Bill and the calls for proper transparency on charges disclosures, so investors are not misled.
Ros was quoted in an article in The Times, about why charge disclosure rules that deter buyers from UK investment trusts are so damaging to the economy and resulting share buybacks are preventing investment in important sectors