Basing future projections of risk and performance on the recent past was doomed to failure, AIC

The UK Association of Investment Companies (AIC) has urged the Financial Conduct Authority (FCA) to act now to protect investors after new research demonstrates that consumers are being misled by Key Information Documents (Kids) under the new packaged retail and insurance-based investment products (Priips) regime. The research looked at 56 investment company Kids and then compared their Summary Risk Indicators (SRI) to the Summary Risk and Reward Indicators in the Key Investor Information Docum