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CCI product summary template: what the FCA fixes, what you design, and a free fill-in version
There is no FCA template for the Consumer Composite Investments (CCI) product summary that replaces UCITS KIIDs and PRIIPs KIDs for UK retail investors from 8 June 2027. The DISC rules set what goes in and how the figures are calculated; the layout is yours. This guide sets out the fixed parts and the free parts, with illustrative examples for an open-ended fund, an investment trust and a VCT, and a free fill-in template to download.
Published 4 November 2026 · Updated 5 November 2026 · About 6 minutes to read
Illustrative examples. The examples on this page use fictitious products and figures. They show one way of meeting the rules and have not been reviewed by a compliance adviser or approved by the FCA. They are not a template for your own products and are not advice.
1. Is there an FCA template?
No. Unlike the KIID and the PRIIPs KID, the CCI product summary has no prescribed form. The FCA's final rules (PS25/20, in the DISC sourcebook) set the content, the calculations and a small number of presentation points. Everything else, from page design to the order of supporting detail, is for the manufacturer to decide, as long as the summary is short, clear and likely to be understood by the investors it is for.
That freedom is useful, but it also means each firm has to design its own summary, test that investors understand it and keep it consistent across every share class.
2. What the rules fix
| Part | What is fixed | Rule |
|---|---|---|
| Title and format | Titled "product summary", in plain English, clearly separate from marketing material; one summary per share class | DISC 3 |
| Product information | What the product is, its objective and strategy, what drives returns, the recommended holding period, how to sell, how to complain, and the Ombudsman and compensation position | DISC 4 |
| Risk score | A 1 to 10 score from annualised volatility over 10 years, with set minimum scores and adjustments, shown on a horizontal scale with explanatory text | DISC 5 |
| Costs | Ongoing, transaction, entry and exit costs and any performance fee, as percentages and in pounds on an assumed £10,000 | DISC 6 |
| Past performance | A line graph of £10,000 over up to 10 years using monthly values, with a benchmark where there is one, and the past performance warning | DISC 7 |
| Keeping it current | Review at least every 12 months and after material changes; a machine-readable core information file for distributors | DISC 3 |
The full section-by-section list is in our CCI product summary checklist, and the risk calculation is explained in how the CCI risk score is calculated.
3. What you design yourself
- Layout and branding: page design, colours, fonts and logo.
- How much help to give: for example a "who it is designed for" panel, a short glossary or worked examples of costs.
- Length and versions: a short essential version, or a fuller version with more explanation, as long as it stays concise.
- Wording: plain-English descriptions of the product and its risks, written for your investors.
- Testing: how you check that investors understand it, as part of your Consumer Duty evidence.
4. Illustrative examples: fund, investment trust and VCT
Each example is a complete two-page product summary built from fictitious data. They are marked as specimens and are for illustration only.
Fund or ETF
- Risk score from the fund's weekly prices
- Ongoing and transaction costs in £ on £10,000
- 10-year graph against a benchmark
Listed investment company
- Share price shown as well as net asset value
- Risks of borrowing (gearing) and the discount to net asset value
- Costs shown on the basis set for listed investment companies
Venture capital trust
- Minimum risk score of 9 (DISC 5.5)
- Tax relief wording and how selling works
- Risks of unlisted company valuations
5. Free fill-in template (Word)
A five-page Word template for one share class, built from the DISC requirements in our checklist:
- Pages 1 and 2: the summary itself, in the required order, with yellow fields to complete: product details, what you are investing in and the holding period warning, the 1 to 10 risk scale, the costs table in % and £ on £10,000, the performance graph, selling, complaints and protection.
- Pages 3 and 4: notes on what the rules require for each section, with DISC references and separate points for investment trusts and VCTs.
- Page 5: for your file: who does what, data for distributors, and a review and sign-off record.
Illustrative only: not reviewed or approved by the FCA, and not legal or regulatory advice. The figures (risk score, costs in pounds, the graph) still have to be calculated for each share class.
Get the template
6. Who does what
| Task | Who |
|---|---|
| Prepare the product summary and keep it up to date | The manufacturer (for a hosted fund, normally the ACD) |
| Supply the summary, and the underlying data in machine-readable form, to distributors | The manufacturer |
| Give the up-to-date summary to the investor in good time | The distributor that deals with the investor |
| Write or change the summary | The manufacturer only: distributors must not |
7. Getting your own summaries ready
We produce CCI product summaries in your own design for every share class from one data file, with a rule checklist for each summary and the annual review handled. See CCI product summary production.
How ready is your firm? Answer 12 quick questions and get a readiness score, the effort ahead and your next steps for June 2027.
Related
Sources
- FCA PS25/20: final rules for Consumer Composite Investments (accessed November 2026)
- FCA Handbook: DISC 3, DISC 4.1, DISC 5, DISC 6, DISC 7
Important information
This page, its examples and the fill-in template are general information, prepared with care as at 5 November 2026. They are not legal, regulatory or compliance advice, and neither the examples nor the template are approved by the FCA or reviewed by a compliance adviser. Check the current rules and take professional advice before relying on them. See our Terms and Disclaimer.