RE: Complex instrument?24 Jan 2021 12:52
IIG will be considered 'complex' as it invests in higher risk, unlisted companies in a sector that is often 'hero or zero'.
A financial advisor (if used) would be required to talk you through the risk of financial loss before purchasing on your behalf. If acting alone, which I assume you are, your broker is highlighting that this stock is not for everyone, certainly not one to put your entire life savings in to. This should be considered a higher risk element of a balanced portfolio. There is a real risk that your investment may be worth less than you put in if you are a forced seller.
Did your broker direct you to an online test?
I use AJ Bell and they have a series of online questions such as "how much are you prepared to loose" (hint don't select £0), "what is your investment timeframe" (don't put 3-6 months), "are you knowledgeable about the stock market", "do you understand what a complex instrument is" and "how long have you been investing for".
A bit of common sense and you will be fine, if you do fail the test with honest answers then perhaps this one is not for you after all.