Why has the EU personal pension product failed to take off?
It is a ‘step in the right direction albeit a slow one so far’
It is a ‘step in the right direction albeit a slow one so far’
Eiopa, the FCA the PRA and the Bank of England will ‘keep the door open’ for communication
Only a fraction of businesses do not yet have a contingency plan
Companies complain that local requirements are costly and unnecessary
EU insurance regulator Eiopa is planning to change the current Solvency II regulations to limit the ravages that super-low interest rates are having on the industry.
European Union policymakers are considering whether to slash the benchmark used by insurers to calculate the value of billions of euros of liabilities – a move that would push up the cost of life insurance.
Europe’s insurance regulator has launched an EU-wide review into the market conduct of insurers offering unit-linked life insurance policies.
The introduction of a Europe-wide single pension product will be good for providers and savers, an EU regulator has said.
A European pension watchdog has announced that it will conduct an EU-wide stress test of the region’s insurance companies – the first since the implementation of Solvency II.
Insurance Europe, the trade body that represents the European insurance and reinsurance industry, has slammed plans for an EU-wide single pension product as “poorly designed”.