SenseCheck Ep 1 — Understanding PS25/20 and the New CCI Disclosure Rules

with Martin Jones and Mikkel Bates

SenseCheck is a practical editorial for people working at the intersection of regulation, operations, and investment products, breaking down what’s changing, where it lands operationally, and what it actually means in practice.

The FCA’s PS25/20 policy statement marks a decisive shift in how UK retail investment disclosures will be designed, governed, and delivered. In this first episode of SenseCheck by FundSense, we cut through the noise to explain what the new Consumer Composite Investments (CCI) regime really means for asset managers in practice.

Host Martin Jones is joined by Mikkel Bates, Senior Board Adviser at FundSense and a long-standing authority on UK and European disclosure regulation. Together, they unpack what actually changed on 8 December, why CCI is less a “new regime” and more a fundamental evolution away from rigid templates, and where firms are most likely to feel operational strain.

The discussion covers the most material implications for manufacturers and distributors, including the move away from fixed document templates, new expectations around machine-readable data, changes to cost and risk-reward disclosures, and the realities of the 2026–2027 implementation timeline. Crucially, it explores what asset managers should be doing now, from gap analysis and consumer testing to data readiness and operating model design, to avoid leaving compliance and delivery to the last minute.

This episode is designed for fund managers, COOs, heads of product, reporting, and operations who want clarity on CCI without wading through 194 pages of regulation and practical insight into how to move from interpretation to execution with confidence.

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