Research released by the Association of Investment Companies (AIC) comparing investment trust Key Information Documents (KIDs) to open-ended Key Investor Information Documents (KIIDs) suggests OEICs are the riskier product, which chief executive Ian Sayers argued is "nonsense".
In a bid to urge the Financial Conduct Authority (FCA) to review KID Summary Risk Indicators (SRIs) sooner rather than later, the AIC has compared them to KIID Summary Risk and Reward Indicators (SRRIs)....
European Commission relents to pressure
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