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The IAA expressed support for the objective of PRIA, which is to assist individuals who do not have access to an employer retirement plan. The IAA explained that retirement investors benefit from both active and passive investment strategies and discussed concerns if only passively managed investment strategies were considered for PRIA plans.
The IAA supported the FCA’s proposed guidance on communicating fund objectives and investment policies and discussed the need to preserve a level playing field with regard to active and passive management.
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