It is proposed to launch the Code in the early of 2017 following a period of consultation with asset managers, CIPFA and LGPS funds

Those asset managers who sign up to the ’Code of Transparency’ will be listed on the Board website and able to use the Code logo on their marketing literature.The Code will be voluntary with asset managers encouraged to sign up to it to demonstrate their commitment to transparent reporting of costs. Those that do will agree to supply the information on the template in the format requested and in a timely manner. They would further agree to the data being checked by a third party to ensure they are continuing to comply with the requirements of the Code.

It is envisaged that the template will develop over time to encompass other more challenging areas of cost transparency and would remain flexible to enable changes to meet the rapidly developing market for investment products.