Don't KID yourself

by Mr D Ormond
Don't KID yourself

You have probably noticed a change in our structured product brochures recently, especially regarding how we explain them and the products’ target investors. This is because we are gearing ourselves up for the PRIIPs regulations, which will come into force on 1st January 2018. PRIIPs stands for Packaged Retail and Insurance-based Investment Products, and under the new regulations, structured investments will fall within this category. This will require a Key Information Document (KID) to be produced by manufacturers of structured investments and is designed to help the end investor.   

Now, you may be thinking “1st January 2018? That is ages away.” We think that the right approach is to embrace this change early on. Reyker has a policy of early implementation of new regulations and consequently, we are, and have been, working with several counterparty banks to ensure the implementation of KID will be smooth and consistent with the counterparty banks’ views once the new year comes around. Critically, we also want to make sure that our investments are clear and easily understood. This has always been our approach. Engulfing both the advisers and the end investors with a thirty- to forty-page document, which is not easily understood, becomes information overload.

This is one of the many reasons why Reyker has just won the Best Structured Product Service Provider in the Investment Life & Pensions MoneyFacts award. Reyker should be your first choice when it comes to structured investments. We don’t hide information. All important information about us and our product offerings are all on our website. Our investment documents, however, are designed to be reader friendly.

In the coming weeks, we will be sharing more thoughts on the impact of PRIIPS and MiFID II to advisers and end investors. So please keep an eye our website and LinkedIn page. Meanwhile, we also want to hear your comments and views on the changes we have made on our brochures. Please contact us at or call us on 0207 397 2590. We love hearing from you!