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Whilst the current framework is still digesting MiFID, IMD, CRS, etc, a new wave of regulatory measures is already arriving on the shores of the financial industry, including MiFID II, PRIIPs and IDD and may cause again new challenges: the qualified intermediary status, conduct of business, organisational and competence requirements, disclosure of costs and charges, revised inducement standards…You name it. The directive aims at a level playing field between all distributors and stronger investor protection, in particular with regard to life insurance products with an investment element. This drives the wealth planning industry to new business models.
Next step
The IDD, like the MiFID II, is nothing but a next step in an ongoing process of increasing...
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