More than half of investment company buyers believe MiFID II and disclosing costs on key information documents (KIDs) under PRIIPs rules will have a negative impact on the trust sector, putting them at a disadvantage compared to open-ended products, according to Winterflood's 2018 Annual Investment Companies Survey.
Of the 158 respondents, who mostly included wealth managers, investment trust directors, institutional investors and IFAs, 58% said the regulation which came into force in early January was "complex",...
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