UK watchdog points at ‘poor application’ of Priips methodology

The UK FCA continues to believe that the Priips methodology is working as intended despite the evidence received as part of a recent Call for input suggesting that ‘unrepresentative transaction costs were largely due to poor application of the methodology by firms’. According to the regulator, the consultation which was launched in the summer of 2018 , also highlighted concerns that some key information documents (Kids) were displaying negative, zero or very high transaction co