The trouble with KIDs these days; SIPP investors 'pay the price'; and 'costly' celeb-backed life cover - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Why that ‘low-risk' fund may be more dangerous than you think The unease with which some in investment view key information documents (KIDs) has reached the attention of the national press, with this Sunday Times article highlighting how they have been branded "misleading" and "difficult to understand" amid calls for them to be scrapped. The European legislation, which aims to help people understand the risks associated with investing, gives funds a risk score on a scale of one to seven. Association of Investment Companies chairman Ian Sayers describes the documents as "actively mislea...
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