Paywall protection, are they making the same sort of points as me?Interesting article in the FT on how the PRIIPs methodology is giving rise to mis-selling fears:-
https://www.ft.com/content/4bc7cdca-f809-11e7-88f7-5465a6ce1a00
Not really Duke - the article is focused on leveraged ETNs.Paywall protection, are they making the same sort of points as me?
so their charges will come down when that is done.
Glad to see others are querying these performance scenarios.More complaints from asset managers about PRIIPs -
https://www.professionaladviser.com...investor-detriment-as-priips-comes-into-force
I can't believe this has seen the light of day. Was it not road tested? The whole of Europe let this through? It would be obvious to first year trainee actuary that using the last 5 years actual to illustrate the future is bound to produce silliness. Currently it shows totally unjustifiably favourable forecasts. 5 years ago it would have been predicting equally silly negative growth as the best estimate for the future.Those concerns have been around for some time Duke.
The "stress scenario" was only added after the European Parliament rejected the initial Commission proposal on the performance metrics.
To be honest, the whole idea of projecting future returns seems daft to me.
Nope. The asset management industry lobbied hard against the PRIIPs KID proposals on the basis that they would mislead nvestors.Is it because it actually flatters the products at this current vantage that the industry turned a blind eye?
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