Previously 22 November
Tim Mortimer, managing director at Future Value Consultants, explains how the requirement for asset managers to display future performance simulations on their fund literature under PRIIPs regulations has created problems.
Allow time for clarifications
Providers could require more time
Concerns over presentation of costs and charges
Parliament to debate directive next week
Successful motion passed in EU last week
Concerns over projection of future performance
There are some long-standing practices in the asset management industry which are clearly ripe for review. However, removing past performance data from key funds documents appears a dangerous step and one likely to create worse outcomes for consumers....