'Absurd' performance figures, a tax on insurance products and portfolios for beginners - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Regulators meet over ‘absurd' performance forecasts Investment managers believe they were left with no choice but to publish ridiculously high performance projections, some of which suggested investors could see returns of more than 1,000,000%, according to this Financial Times article. The investment managers claim they had no choice but to publish the sky-high performance ‘indications' due to recently introduced packed retail investment and insurance-based products or ‘PRIIPS' rules, which require them to outline a range of potential returns an investment may deliver in different ma...
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