Insurers and Intermediaries Ambivalent to Agreement on Ris

Herbert Frommes Versicherungsmonitor

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After many years of negotiations, the European Parliament and the representatives of the member states agreed on the content of the EU retail investment strategy (RIS). A commission ban will not exist as expected. New rules on transparency and disclosure and the obligation to explain to what extent the commissions offer added value to the customers. Insurers, financial advisors and intermediaries criticise. The European Parliament [...]

Versicherungswirtschaft-heute

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The EU retail investor strategy – also known in Brussels as Retail Investment Strategy (RIS) – is taking shape: after years of struggle, the European Parliament, the Council and the Commission have now concluded their trilogue negotiations. However, the response from the local insurance and intermediary industry is subdued. The new regulatory framework is "still too complicated" from the point of view of the insurance industry, despite the simpl…

versicherungsbote.de

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The European Union has agreed on a new retail investor strategy, without the commission ban demanded by consumer protectors. To this end, there should be significant tightening for intermediaries. Costs, advice and product information are more regulated. read more