“The decision marks a major step forward for the Retail Investment Strategy.”
Commenting on the adoption of the Retail Investment Strategy (RIS) by the European Parliament’s Committee on Economic and Monetary Affairs (ECON), the German Insurance Association (GDV) issued the following statement.
The statement of GDV CEO Jörg Asmussen:
“It is encouraging to see the Retail Investment Strategy take a significant step forward after years of discussions. The framework pursues an important and worthwhile objective: enabling citizens across the EU to save and invest under a common set of rules.
However, the Savings and Investments Union will only succeed if access to savings and retirement products becomes easier for consumers. The implementation of the new rules must therefore be as practical and straightforward as possible. It is also important to consider the specific characteristics of insurance products and to keep the administrative burden to a minimum. The European Commission has indicated that it will pay close attention to these considerations as work begins on the detailed design of the regulatory framework.”
