‘Back to the Dark Ages’: Industry calls for FCA consultation amid trust test-taking woes
Platforms requiring retail investors to undertake knowledge tests before buying certain trusts is bruising the already-ailing sector
Platforms requiring retail investors to undertake knowledge tests before buying certain trusts is bruising the already-ailing sector
As FCA research highlights how customer communications are not meeting needs
Advisers insights about the way providers should approach their clients is ‘particularly valuable’
Quantity of mandatory information is a barrier to retail investors, the association has warned
‘The current rules make it very difficult for consumers to get the information they need’
It has been criticised for the misleading information that it provided to investors
And set out expectations on how information needs to be presented to retail investors
They are asking for feedback from industry on potential changes
Documents ‘overstate potential performance and understate risks’ which can mislead investors
‘Investment companies are still at a disadvantage in having to produce these toxic disclosures’
To reduce ‘potentially misleading information being displayed’
As government says retail disclosure review findings could lead to ‘changes’ in regulation