EU Investment Services Directive to hit SIPPs, ISAs Inter-Alliance says

European Union proposals on execution-only sharedealing contained in the Investment Services Directive (ISD) could damage SIPPs and self-select ISAs, Inter-Alliance says today. Flexibility and cost-effectiveness of these products will suffer from the proposals, it adds. One of the requirements of the ISD will be a full fact-find in order to establish the investor's risk profile before any transactions go through. At the same time, stockbrokers will be held responsible for offering suitable guidance on all deals. Inter-Alliance says the proposals would mean the en...