Firms urged to engage with 'huge opportunity' PRIIPs consultation

A closer look at industry views on the FCA and Treasury papers

clock • 4 min read

Financial advisers and other financial services firms are being called on to engage and participate in consultations from the Financial Conduct Authority (FCA) and HM Treasury around the new disclosure regime, which industry experts are optimistic will provide better, more meaningful information for UK investors.

On 9 December the UK government announced it would repeal the European Union's packaged retail and insurance-based investment products (PRIIPs) regulation as a "matter of priority". It launched a consultation to seek views on an alternative framework for the disclosure with the FCA at the helm. The regulator then launched a discussion paper on 13 December in which it set out initial ideas about the delivery, content and presentation of the future regime. The initial reaction throughout the industry has been positive as experts felt the PRIIPs documents were too prescriptive and failed...

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

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's SDR regulation will 'make advisers sit up and listen'

FCA's SDR regulation will 'make advisers sit up and listen'

‘There has to be a fundamental re-educating of the adviser community’

Isabel Baxter
clock 30 November 2023 • 4 min read
Advice/guidance boundary review will help 'bridge advice gap'

Advice/guidance boundary review will help 'bridge advice gap'

The FCA’s latest update leads to mixed reactions from the industry

Sahar Nazir
clock 04 August 2023 • 4 min read
FCA review confirms investment pathways working 'as intended'

FCA review confirms investment pathways working 'as intended'

No changes to initiative but industry called to better support savers

Holly Roach
clock 12 July 2023 • 3 min read