Articles - EIOPA launches consultation


EIOPA launches consultation on Good Practices for Disclosure and Selling of Variable Annuities

 The European Insurance and Occupational Pensions Authority (EIOPA) published its "Draft Report on Good Practices for Disclosure and Selling of Variable Annuities" today and launched a public consultation.
 This report summarises the findings of EIOPA's Committee on Consumer Protection and Financial Innovation with the goal to establish good disclosure and selling practices for variable annuities.

 Today, EIOPA invites market participants and consumers to participate in a consultation on consumer-related issues. EIOPA welcomes comments from all interested parties on the "Draft Report on Good Practices for Disclosure and Selling of Variable Annuities". Currently, EIOPA is seeking input on two sets of questions relating to disclosures and selling practices. These questions and the Draft Report can be accessed via our web site.

 EIOPA's chairman Gabriel Bernardino commented: "This is EIOPA's first consultation in the area of consumer protection and of great significance to us. First of all, it links our work in consumer protection with financial innovation. Secondly, even though the analysis that underlies the report has a product specific focus, the result of this consultation will certainly shape our view on how to deal with disclosures and selling arrangements for insurance contracts with an investment element."

 This consultation will start on Thursday 27 October, 2011 and end on 3 January 2012 at 18.00 HRS CET. Comments should be submitted via email to CP-007@eiopa.europa.eu. Please note that comments submitted after the deadline or not submitted on the provided template in Word cannot be processed.

Back to Index


Similar News to this Story

How does QT feed into the DB pensions funding levels debate
Over the past three years, following 15 years of heavy deficits, defined benefit (DB) pension schemes have moved into surplus as government bond yield
August 2025 Edition of the Actuarial Post Magazine
Firstly, many congratulations to the Lionesses for winning EUFA Women’s Euro 2025 and a special mention to Lucy Bronze for playing with a broken leg,
The role of insurance in advancing nuclear energy
As the world accelerates its transition to low-carbon energy, nuclear power stands out as a reliable, carbon-free solution. Its ability to provide con

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.