AIC’s Sayers on the Trouble with KIDs Today
Key Information Documents (KIDs) have been around for about five years, and the general consensus is that the concept is sound: a brief document that provides customers with standardized information about each investment product, fund and investment-linked insurance policy—such as a description, risks and costs—with the aim of enabling retail customers to easily compare the potential risks and rewards is a solid idea. KIDs became mandatory for Packaged Retail and Insurance-based Investment
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