You KIIDing? Consumer Panel says single document not enough

KIIDs will be sent to all UCITS IV fund investors outlining, among other things, a short description of the fund's investment objective as well as details of costs and associated charges. But, though the FSCP believes KIIDs will strengthen consumer protection, it argues it will not be a standalone solution. Speaking today at the European Insurance and Occupational Pensions Authority's second Consumer Strategy Day in Frankfurt, FSCP vice chair Kay Blair said: "The problem with financial services is that there is a fundamentally unequal relationship. Products are sold by highly knowledg...