Fund rating agency Morningstar is throwing its weight behind the Transparency Task Force campaign for increased clarity around fund management charges with the appointment of its research director as an ambassador of the organisation.
Jackie Beard, director of manager research services, EMEA at Morningstar has become an ambassador of the TTF. She has also joined the TTF’s team looking at the way a lack of transparency prevents asset owners making rational decisions.
Beard says: “I am very pleased to be named as an Ambassador for the Transparency Task Force and to contribute to their campaign for improved transparency in the financial sector. Over the long term, improved transparency helps both investors and the financial industry as a whole. Investors who have access to accurate information on all aspects of an investment product, and particularly the fees being levied, are better positioned to make informed decisions to help them reach their financial goals. The industry benefits from transparency by building trust with consumers and setting the foundation for long-term relationships. We believe the collaborative approach of the Transparency Task Force is an effecive way to create meaningful change.”
Andy Agathangelou, founding chair of the Transparency Task Force says: “It is extremely important that all organisations with a pro-transparency outlook work together to encourage the rest of the market to follow their lead. I’m sure she will be a high-impact member of our community.”
