11.02.2016
Consumer Protection

Implementation of key information documents needs more time

The German Insurance Association (GDV) believes that insurance companies should be granted more time for the introduction of key information documents for so-called packaged retail and insurance-based investment products (PRIIPS).

The transition period of four months provided for in the current timetable is far too short – in practice, at least twelve months are required. In addition to that, GDV has identified significant need for improvements in the presentation of risks, performance and costs, so that the key information documents can serve their purpose: enable the comparison of different products.

The complete comment is available in the download section.

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Comments on PRIIPs Key Information Documents

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