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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes