Mark
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marben100.bsky.social
Mark
@marben100.bsky.social
Private investor and a director of ShareSoc. My tweets and RTs are merely opinions, not investment advice. They are my personal opinions and NOT ShareSoc's.
[6/6]...and also taking account those of Baronesses Bowles and Altmann who have been campaigning heavily on perceived unfairness in the previous cost disclosure rules, as well as those of the AIC.
December 23, 2024 at 1:28 PM
[5/6]...This explains the change from reporting a 5% OCF under the previous regime to 0.7% now.

The FCA have recently launched a consultation on the subject: www.fca.org.uk/publications...

ShareSoc will respond to this consultation, representing the views of individual shareholders...
CP24/30: A new product information framework for Consumer Composite Investments
We’re consulting on a new product information regime to help consumers understand the investment products they are buying, while giving firms flexibility to innovate.
www.fca.org.uk
December 23, 2024 at 1:28 PM
[4/6]...sector. Trusts have complained that the previous PRIIPs regime resulted in double counting of costs. The FCA have recently waived those requirements, pending a consultation on a new regime. See www.theaic.co.uk/aic/news/pre...
FCA should “waste no time” in launching consultation on investment company cost disclosures
Statutory instruments passing powers to the FCA come into force today.
www.theaic.co.uk
December 23, 2024 at 1:28 PM
[3/6]...and my most recent report on the 2023 AGM can be found here: www.sharesoc.org/agm-reports/...

I think you will find that it answers several of your questions.

Regarding the discrepancy in the "OCF" reported... this has been a controversial issue, affecting the entire investment trust...
RIT Capital Partners (RCP) AGM 2023 - ShareSoc
RIT Capital Partners (RCP) AGM 2023
www.sharesoc.org
December 23, 2024 at 1:28 PM
[2/6]...the Rothschild family (who still own more than 20% of the trust), then it was good enough for me. I've owned it most of the time since but did sell out when its premium became excessive in my eyes. I do have a holding currently.

I've attended several RCP AGMs...
December 23, 2024 at 1:28 PM
[1/6]Hi Gents, Enjoying my usual listen to your pod on my daily constitutional down to the seafront, here in Seaham. Your mention of #RCP caught my attention.

RCP was one of my first purchases when I started my SIPP, back in 2002. Bought it on the reasoning that if it was good enough for...
December 23, 2024 at 1:28 PM
...including for Alzheimer's drug discovery.
December 3, 2024 at 6:30 PM
I've been invested since 2013 TSX:IVN
December 3, 2024 at 12:31 PM