It seems almost unbelievable that Europe-wide regulations introduced to help end investors, that have been years in the making, could have got things so wrong.
After a torturous route to implementation, including a year delay, PRIIPs rules finally came into force at the start of January. The European Union's Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation is aimed at helping retail investors better understand and compare the key features, risks, rewards and costs of different products through a short Key Information Document (KID). Update: IA calls for urgent review to address KID concerns However, concerns have been escalating for some time about the need to include scenarios outlining potential returns to in...
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