What it does for you
- A cost-effective automated solution for the production of KIDs in a controlled environment which minimises dependencies on external parties.
- A complete integrated PRIIPS solution covering direct funds, fund of funds and both single and regular premium PRIIPs.
- Exception based processing incorporates comprehensive data validation including accuracy checks on the KID figures and cross-checks to previous results for the PRIIP.
- Data analytics available on the PRIIPs results dataset.
- Produces additional point of sale material for multi-option products such as comparative tables of key risk indicators, performance scenarios and cost figures for the permissible fund options for a PRIIP.
This regulation, which relates to Packaged Retail and Insurance-based Investment Products (PRIIPs) takes effect from January 2018, and will ensure that PRIIPs manufacturers are required to prepare a KID for each PRIIP that they produce.
The KID must clearly outline to consumers the key features, risk, rewards and costs of each investment product, and must be provided in good time, before the consumer is bound by any financial decision. For KID production use the Award winning Invest|GRC™* (Governance, Risk and Compliance) for PRIIPS software.
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