IA urges FCA to delay 'deeply flawed' PRIIPs extension
Retail funds to be in scope from 31 December 2019
IA CEO Chris Cummings: "The flawed methodologies of PRIIPs which are having harmful consequences for savers and investors across the UK retail and DC pensions markets"
The Investment Association (IA) has publicly called on the Financial Conduct Authority (FCA) to help bring a temporary halt to the planned 2019 extension of PRIIPs regulation to European retail funds.
In response to the FCA's call for evidence on the regulation, which closed on 29 September, the IA urged the FCA to take a "customer-focused approach" to rectify issues that have arisen from its introduction....
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