PIMFA
Product Summary Requirements
The volume of product information required from manufacturers is considerable. While the approach is intended to be flexible and straightforward, the mandatory information fields will inevitably produce a highly detailed document. The tables below detail the information that must be included in the product summary
General product information
Investment name
Identifier
Manufacturer name
Product type
Investment objectives and strategy
Underlying assets
Material exposure or sensitivity
Environmental or social objectives
Insurance benefits
Investment term or recommended holding period
Maturity date
Formula for calculation of returns
Details of capital guarantee
Complaints information (can be a weblink)
How to complain
Contact details
FOS coverage
Compensation scheme eligibility
Warnings about minimum holding periods
Details of fees, rules, penalties or limitations on early exit
Where and how to find full information
ESG disclosures
Fund authorisation
Fund operator or AIFM
Feeder fund information
Risk & Return information
Risk & return score
Narrative explanation
Explanation of materially relevant risks
Applicable risk warnings
Additional risk & return information
Volatility Information
Volatility ranking on horizontal linear scale
Explanation of adjustment to volatility ranking
Explanation of calculation and limitations of approach
Additional Risk & Return information
Narrative explanation of risk and performance
Narrative information about drivers of performance and other material factors
Narrative description of factors that increase investment risk
Explanation of what could lead to losses and gains
Product specific risk warnings
Costs & Charges Information
One off entry costs
One off exit costs
Transaction costs
Performance fees
Carried interests
Description of the nature and content of each figure
Cross reference to detailed costs and charges
Performance Information
Line graph for relevant period
Year of manufacture
Impact and explanation of currency fluctuations
Relevant period
Source of performance information
Warning that past performance is no guide to future performance
Warning if past performance data is not available
Benchmark where a target, comparator or constraining benchmark is referred to
If no benchmark, how to assess performance
