Warnings of 'serious investor detriment' as PRIIPs comes into force

The European Union's Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation, which came into force on 1 January, is aimed at helping retail investors better understand and compare the key features, risks, rewards and costs of different products through a short Key Information Document (KID). This is a stand-alone, standardised document prepared for each investment, which can be up to a maximum of three sides of A4-sized paper. Mikkel Bates: How to read a PRIIPs key information document However, the European Fund and Asset Management Association (EFAMA) said KID...