“As they are, PRIIP regulations are a real nightmare” - Better Finance

Guillaume Prache, chairman of Better Finance, the European association to protect savings investors, discusses the results of a survey with Newsmanagers of funds which falsely identify themselves as actively managed as part of a phenomenon known as ‘closet indexing.’ He also discusses inconsistencies in technical standards under PRIIPs regulation, and individual retirement savings plans which have been in gestation for several years.
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