On 7 November 2018, the Cost Transparency Initiative (CTI) was launched. The CTI is an independent group working to improve cost transparency for institutional investors with the responsibility for progressing the work already undertaken by the Institutional Disclosure Working Group.
On 22 May 2019, the FCA published a statement welcoming the launch of the CTI finalised templates for the disclosure of costs and charges to institutional investors. The new templates can now be used by institutional investors to access and assess critical information on costs. They are intended to give investors clear expectations for standardised disclosure and should allow comparison of charges between providers.