Are we entering a new age for investor communications?
As FCA research highlights how customer communications are not meeting needs
As FCA research highlights how customer communications are not meeting needs
And set out expectations on how information needs to be presented to retail investors
They are asking for feedback from industry on potential changes
Trade association says it is encouraging the ‘FCA has listened to industry concerns’ to ‘get it right’
Documents ‘overstate potential performance and understate risks’ which can mislead investors
As government says retail disclosure review findings could lead to ‘changes’ in regulation
‘Flawed review process’ not tackling ‘the heart of the issue’
Firms based in free zones will no longer be exempt from providing key information documents
‘Investors now face being misled by Kids for years to come’ warns AIC chief executive
Comments welcomed on changes to the presentation and content of the Key Information Documents
Key information document is not meeting its objectives
The Association for Investment Companies (AIC) has added its voice to the criticism of the key information document (Kid) required under the retail investment and insurance products (Priip) regulations following a call for feedback by the UK’s Financial Conduct Authority (FCA).