I wrote the other day about the need for a radically new approach to retirement saving; a system designed for one thing and one thing only, namely better outcomes for end investors.
What we need, more than anything else, for this to happen is far greater transparency in asset management, particularly around fees and charges.
That’s why my colleagues and I at the Transparency Task Force are writing an open letter to Frank Field MP, Chairman of the Work and Pensions Committee Select Committee, calling for an inquiry into the costs impacting UK investors.
Below is a link to the letter and an accompanying press release. If, having read the letter, you would like to put your name to it, then please email Andy Agathangelou, the founder of the Task Force, at email@example.com, providing your name, job title, organisation and website, and you will be included as a signatory:
Clearly, this particular campaign specifically relates to the UK. But lack of transparency in asset management is a global issue, and the Task Force is working closely with like-minded organisations overseas on a more concerted plan of action. Again, if your organisation would like to collaborate with us, Andy would like to hear from you.
If you’re in the United States, you may like to know that we are currently trying to arrange a symposium Stateside, possibly in New York. Organisations interested in helping to facilitate such an event are also invited to get in touch.
Thank you for your support. Together we can change investing for the better.