IA welcomes cost disclosure as EU unveils KID proposals

Yesterday the joint committee of the European Supervisory Authorities (ESAs) - which includes the European Securities and Markets Authority (ESMA), European Insurance and Occupational Pensions Authority (EIOPA) and the European Banking Authority - launched a consultation on the details product providers will need to include in a three-page KID including a breakdown of costs, summary risk indicators and performance scenarios. The aim is to provide EU retail investors with consumer-friendly information to enable them to understand and compare packaged retail and insurance-based products (P...