Priips plans draw stony response from industry

Official proposals fail to allay fears over “misleading” projections of returns in key information document

The investment industry has criticised attempts by European authorities to fix supposed deficiencies in the mandatory information accompanying retail investment products, saying the proposed changes are ineffectual.

“None of these changes offer any material help or address the root cause of the problems. All they do is to acknowledge the limitations of the information in the key information document,” says David Stuff, managing partner at Levendi Investment Management.

Under the Priips