Factsheets to replace key features

Existing key features documents are to be replaced with simplified key factsheets, which include past performance information. The documents, which have been proposed under the FSA's latest consultation paper CP170, will be uniform across product types, carry prominent key facts and FSA logos and simplify much of the content for consumers. The FSA is also pushing to clarify the explanation of product charges and provide examples of the effect of charges based on the client's personal details. These will be based on reduction in yield calculations rather than cash disclosure. Ri...