The FCA has published details of temporary measures which will give investment companies a chance to improve cost disclosure.

The disclosure regime should reflect the digital age and how consumers obtain and use information in other walks of life, according to Aegon.

The FCA has called for views on potential disclosure rules to replace the Packaged Retail Investments and Insurance Products (PRIIPs) regime and the Undertaking of Collective Investment in Transferable Securities (UCITS) rules.

The Financial Conduct Authority has called on the investment sector and wealth managers to improve the way they disclose costs and charges to clients following a review of the sector which found shortcomings.