European Commission proposes new 'stress scenario' for PRIIPs products

Original proposals would lead to 'over-optimistic' outcomes

Daniel Flynn
clock
European Commission proposes new 'stress scenario' for PRIIPs products

The European Commission (EC) has revised the criteria for future performance projections that should be adopted in the upcoming PRIIPs regulation, introducing an obligatory "stress scenario".

The news comes after the European Parliament (EP) rejected the original set of proposals to implement PRIIPs regulation last year, arguing future return projections for PRIIPs products, to be featured...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

The government has responded to its stronger nudge consultation

DWP steps up nudge programme to push savers onto Pension Wise

Minister plans to make Pension Wise guidance more accessible for those who want it

Holly Roach
clock 17 January 2022 • 3 min read
Caroline Rainbird: "A key driver behind the expenses we are anticipating for 2022/23 is an ongoing trend in more complex claims with higher processing costs. Of particular note is an increasing number of claims coming through from customers who were given poor advice to move their pensions into unsuitable investments."

FSCS running costs predicted to hit £95.5m next year

Complex advice claims drive higher costs

Jenna Brown
clock 12 January 2022 • 2 min read
Any draft application not submitted prior to 24 January will be subject to the new fees.

New FCA authorisation fees come into effect on 24 January

Advice firms to pay £2,500

James Baxter-Derrington
clock 11 January 2022 • 2 min read