Advisers warn fund managers KIIDs still full of jargon

Carmen Reichman
clock

Key Investor Information Documents (KIID) are still heaving with jargon, despite being required to use language that is "clear, succinct and comprehensible", a survey among advisers suggests.

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...

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 Your profession

Rishi Sunak returns to Goldman Sachs as senior adviser

Rishi Sunak returns to Goldman Sachs as senior adviser

Joined as an analyst in 2001

Linus Uhlig
clock 08 July 2025 • 1 min read
Client support: How financial and emotional resilience differ

Client support: How financial and emotional resilience differ

'Financial resilience appears to be decoupled from emotional resilience'

Louis Williams
clock 08 July 2025 • 4 min read
Parmenion's Dalgliesh: Adviser-led investing must stay disciplined and diversified

Parmenion's Dalgliesh: Adviser-led investing must stay disciplined and diversified

CIO Peter Dalgliesh explains how Parmenion’s risk-first, outcomes-based approach is benefitting advisers

Sahar Nazir
clock 08 July 2025 • 2 min read