RIP to PRIIPs - Hi to CCIs

As 2024 drew to a close, the FCA set the ball rolling towards a new era for disclosure of product information to retail investors in 2025. PRIIPs had a good innings (if you’re a fan of "complex", "unclear" and "rigidly templated" disclosure documents) but retirement beckons in the UK for those 3 pages of A4 as the FCA has published its long-awaited consultation paper on a framework for Consumer Composite Investments ("CCIs"). 

The FCA intends the CCI regime to be a "simpler and more flexible system which is tailored to the UK". As always, the devil will very much be in the detail.  Read our client note for more.

You can find the FCA's consultation paper here.