KFDs could include past performance

Past performance could soon be included in key features documents (KFDs) under the latest FSA proposals in its Raising Standards disclosure drive. Implementation of the FSA's consultation paper 170, Informing consumers: product disclosure at the point of sale, would see UK legislation moving to meet the requirements of the Ucits III directive, despite the FSA's own reservations on the value of past performance data to consumers when choosing a fund. The presentation of this data is likely to comprise a combination of cumulative and discrete returns over a five to 10-year period so as ...