8 - product disclosure + the right to cancel

what document is required if a retail client is investing in UCITS funds?

a KIID —> key investor information document

what document is required if a retail client is investing in packaged products (and cash isas)

a KFD —> key features document

what document is required for investors looking for key facts about PRIIPs

KID —> key information document

what are PRIIPs

packaged retail + insurance based investment products

what is an IFA

an independent financial advisor

how is an IFA different from a tied agent

IFA —> independent, will give u lots of choices

tied agent —> linked to a firm, will give u one option

how do you tell this to retail cients

you call IFA advice ‘independent’

you call tied agent advice ‘restricted’

you MUST tell the retail client this when u begin

what is the normal cancellation period for these things

14 days

what type of products have a longer cancellation period

life + pension products

for life and pension products, what are the cancellation periods

30 days