On Saturday 26 August, the European insurance and reinsurance federation, Insurance Europe, reacted to the European Commission’s consultation on the retail investment strategy (see EUROPE B13189A21). It is concerned that certain provisions, particularly with regard to inducement, will dissuade investors.
For Insurance Europe, which “fully supports the goals” of the strategy presented by the Commission on 24 May (see EUROPE B13187A21), the text should show flexibility and leave it up...