Advisers warn fund managers KIIDs still full of jargon

Two thirds of advisers questioned by KIID solution provider Kii Hub said fund groups weren't doing enough to make KIIDs jargon free with "most or all" KIIDs still using technical language. Only one in three advisers said that KIIDs were easier to understand than the Simplified Prospectuses they replaced. However, the majority of the 110 respondents to the survey agreed that KIIDs were generally clearer and more concise than other fund documents. Since July 2012, the asset management industry has been required to offer KIIDs to investors in every share class of every UCITS fund in E...