ClearGlass is a technology company that has evolved from the work of the FCA’s Institutional Disclosure Working Group (IDWG). The FCA set up an independent group to develop a standard framework that can be adopted by the asset managers to share costs and charges data with their institutional clients. Dr Chris Sier, chairman of ClearGlass, chaired FCA’s group and realised the complexity faced by the industry when the templates would be released. ClearGlass was created to improve the adoption of the standard framework by both asset owners and asset managers by making the cost collection process simple and cheap, and the output interesting and understandable.
ClearGlass has been launched as a social company so that all pension funds, irrespective of size, can access the service and obtain their cost data cheaply and easily.