FCA: Sets out ideas to improve information provided to retail investors
- FCA is a financial regulatory body in the United Kingdom but operates independently of the UK Government
- The standards for the information disclosed to potential investors are included in rules known as the Packaged Retail Investments
- Now be responsible for designing and developing new disclosure rules which meet the needs of the UK market
- This would include how much information to include about costs and charges and the level of investment risk
- Presentation is key in order to getting consumers to engage with the information they are provided
- Already made changes to the PRIIPs rules post-Brexit in order to address some of the areas
