FIN.

FCA publishes views on PRIIPs performance scenario concerns

FCA has published a statement following concerns raised about the performance scenarios in the PRIIPs KID. Some firms have noted that occasionally this information may appear to optimistic and risk misleading consumers. FCA says that where a manufacturer is worried the scenarios in their KID are too optimistic, it may provide explanatory materials to put the scenarios in context.  It then says that where firms selling or advising on PRIIPs have similar concerns, they may wish to provide additional explanations as part of their communications with clients.

FIN. Team