Update: IA calls for urgent review to address KID concerns

Follows industry criticism

The Investment Association has called for an "urgent" review to "fix" the problems surfacing from the PRIIP Key Information Document (KID).

The European Union's Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation, which came into force on 1 January, 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, there has been criticism the KID's mandated figures, particularly those related to performance and fees, will fail to achieve the regulation's desired outcomes and could force manufacturers to breach PRIIPs' fundamental requirement for investor communications to be 'clea...