AIC will not present 'irresponsible' KID information on its website

Call for 'preventative measures'

Jayna Rana
clock • 4 min read

The AIC will not be hosting any Key Information Documents (KIDs), which investment trusts were made to disclose earlier this year, on its website, saying it would "not be responsible to do so".

The Association of Investment Companies (AIC), which represents closed-ended investment companies, provides a range of data on its member firms for investors, such as performance, portfolio information, charging and dividend history. However, it has said it will not be hosting any KIDs as it believes the documents "overstate likely future performance and understate investment risk" and encourage investors to 'buy high and sell low'. The trade body said there were dangers associated with KIDs and has called on the Financial Conduct Authority (FCA) to take steps to protect consumers aga...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment Trusts

Saba CEO lambasts investment trust 'UK boys club' ahead of crunch votes

Saba CEO lambasts investment trust 'UK boys club' ahead of crunch votes

Five votes over the next three days

Linus Uhlig
clock 03 February 2025 • 4 min read
Investment trusts: What the Saba saga means for advisers

Investment trusts: What the Saba saga means for advisers

Platforms must make sure it’s easy to vote

NickBritton
clock 03 February 2025 • 4 min read
Why Saba is the wake-up call trust boards needed

Why Saba is the wake-up call trust boards needed

There is a 'big elephant in the room'

Doug Brodie
clock 29 January 2025 • 3 min read