Investment Review Should Simplify Rules, EU Insurers Say

By Lucia Osborne-Crowley (January 4, 2022, 12:20 PM GMT) -- European insurers have urged the bloc's finance regulators to simplify controversial rules forcing asset managers to provide details to investors about how they expect their products to perform, saying the regime should be clearer and more effective.

Insurance Europe, a trade body, said on Monday that the European Supervisory Authorities should use an upcoming review of the rules governing the sale of packaged retail and insurance-based investment products, or PRIIPs, to simplify the controversial regime and make it clearer for insurers.

The rules require fund managers to collate information packets on their investment products, known as key information documents. The European...

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