The FCA has responded to the industry's concerns about the inclusion of potentially misleading performance scenarios on recently introduced KID documents, stating further explanatory materials can be used if necessary.
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. Warnings of 'serious investor detriment' as PRIIPs comes into force However, there has been criticism the KID's mandated figures, partic...
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