Mikkel Bates: How to read a PRIIPs key information document

As of next year, as we all know, the sale of almost any packaged investment product to retail investors must be preceded by a key information document. While a KID is intended to provide the salient information a customer should know before deciding whether to invest, it is worth knowing what it actually tells you. First, however, some scene-setting - just what is a packaged retail and insurance-based investment product or ‘PRIIP'? There is no definitive list but the relevant regulation says a PRIIP is "where, regardless of the legal form of the investment, the amount repayable to the...