Boards of Baillie Gifford trusts write to FCA on misleading KIDs
Concerned about performance scenarios
James Anderson, manager of the £6.5bn Scottish Mortgage Investment trust
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...
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