Despite Brexit, an EU directive will come into force this month that is designed to increase transparency and reduce costs for investors. Meet MIFIDii (not Miffy!) the snappily entitled Markets in Markets in Financial Instruments Directive. MiFID II’s overarching remit is greater investor protection which it will achieve by targeting the processes of asset managers, banks, brokers and exchanges.
It touches on investment advice, how products are sold and regulated, as well as information and costs. In simple terms, this means greater transparency over the way funds are sold and a downward push on costs for retail investors.
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The value of investments can go down in value as well as up, so you could get back less than you invest. It is, therefore, recommended that you seek full, personal advice in respect of your needs where all appropriate risks will be explained.