Natanje Holt looks at some of the latest changes in the Disclosure landscape detailed within CP 12/10 as changes become enforceable from 21st December
In May this year the FSA published its consultation paper CP 12/10 which outlines changes needed in retail investment product disclosure. CP12/10 focuses on ensuring uniform implementation of four key adjustments to both Key Features Illustrations (KFIs) at point of sale and Statutory Money Purchase Illustrations (SMPIs) issued at review points. Principal changes covered include use of new mortality tables, fixing of retail and consumer price indexation and inflation percentages and lowering of projection rates. The overall intention is to ensure illustrations remain relevant and accu...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes