Pressure must be kept up on PRIIPs

To help consumers make better investment decisions

Katrina Lloyd
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Investment Week editor Katrina Lloyd
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Investment Week editor Katrina Lloyd

In a high-profile intervention, Financial Conduct Authority (FCA) chief executive Andrew Bailey recently said he shared widespread industry concerns about the impact of new PRIIPs legislation, which came into force at the start of the year.

The European Union's 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). However, the industry has been critical of the new regulations, including the methodology for calculating transaction costs to be included in KIDs. Industry steps up calls for urgent revisions to 'misleading' KIDs as PRIIPs comes into force These have previously been described by the Investment Association as "exceptionally difficult for customers to understand" and ...

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