FCA chief executive Andrew Bailey has revealed he is "concerned" about the new PRIIPS legislation, highlighting literature requirements "are not providing useful context" while there is evidence it is causing US funds to withdraw from Europe.
In a speech delivered at the London Business School's Annual Asset Management Conference, Bailey warned there was evidence the Packaged Retail and Insurance-based Investment Products (PRIIPS) regulation,...
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The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.