Insurance EuropeInsurance Europe
Insight briefing: Draft PRIIPs rules would mislead consumers

Insurance Europe has published a new insight briefing that outlines why the final draft packaged retail and insurance-based investment products (PRIIPs) rules would mislead consumers about insurance-based investment products.

This is because the final draft PRIIPs Regulatory Technical Standards (RTS) submitted by the European Supervisory Authorities (ESAs) to the Commission, which provide for the standards to apply for the presentation, content, revision and delivery of the Key Information Document (KID), contain significant design faults.

These faults will mean that consumers are misled over both the risk and the cost of insurance-based investment products, as they would appear more expensive and risky than they are.

Published 26 April 2016
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