The Financial Conduct Authority has warned asset managers they need to disclose fund charges on a uniform basis, after discovering discrepancies between their marketing documents and websites.

In its latest annual report, published Thursday, the FCA said: "We carried out a review looking at the clarity of fund charges. We found examples of firms that provided customers with a consistent, combined charge figure across all relevant documents and websites, but also examples of firms referring to different charge figures across multiple documents, making effective comparisons difficult."