Opinion  

Regulator should overhaul entire Priips regime

Liz Field

Liz Field

Although the FCA’s proposed changes to the way in which product performance and risk are calculated and presented in the KID may provide some short-term relief from the most problematic elements of the regime, they will not address the fact that the regime as a whole is lacking in cogency and effectiveness.

We believe that, without fundamental review, the Priips regime will do more harm than good, providing consumers with sub-standard disclosures produced by companies that are obliged to follow sub-standard rules.

Article continues after advert

Liz Field is chief executive of Pimfa