Fund groups urge inclusion of past performance in PRIIPs KIDs

The report, published by FE fundinfo, showed more than 75% of fund groups would prefer past performance to be part of the PRIIPs KID in some form, with 41% saying they would replace the future performance scenarios entirely. Under the regulations, the past performance of a fund is not included on a PRIIPs KID as it is on UCITS KIIDs, and is replaced instead with a range of future performance scenarios. These future performance scenarios have drawn criticism from fund groups and campaigning organisations for being hard to understand and potentially misleading. According to the research...