Pressure must be kept up on PRIIPs

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 ...