Baillie Gifford has warned there are "serious flaws" in the new investment trust Key Information Documents (KIDs) introduced under the PRIIPs regulation that kicked in on 1 January.
The Edinburgh-based investment management partnership said the scenarios in the KIDs outlining the potential returns to investors, which are required under the Packaged Retail and Insurance-based Investment...
Has been cold-calling consumers
New shares admitted to London Stock Exchange
Slow and steady growth
Missed funding target by £240,000
Denies any wrongdoing