The country’s association of advisers and investment managers is calling for a fundamental review of the Priips regime rather than a ‘sticking plaster’ approach.
The Personal Investment Management & Financial Advice Association (Pimfa), the UK trade association for wealth management, investment services and the investment and financial advice industry, has called for the Financial Conduct Authority (FCA) and the UK Treasury to conduct a fundamental review of the entire Packaged Retail and Insurance-based Investment Products (Priips) regime. In response to the FCA’s ‘Priips - Proposed scope rules and amendments to Regulatory Technical Sta
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