- Regulatory reform aims to boost attractiveness of investment trusts by removing double costing burden
- Platforms are divided over whether to implement forbearance measures
Platforms have raised concerns over proposed changes to cost disclosure requirements that will allow investment trusts to record their ongoing charges as zero.
Following a long industry campaign, HM Treasury last week announced plans to replace the EU-inherited Packaged Retail and Insurance-based Investment Products (Priips) regulation with a new framework. The new legislation is expected to be introduced in the first half of 2025, with draft regulation published on 10 October.