Planet Insurance - Intermediaries Directive Two

The industry needs to engage now in this process and pay particular attention to signs of what position the FSA will adopt. Last time we ended up with a gold-plated system of regulation – we need to ensure we don’t go down this path again. So, there are two lobbying points. First on what is actually in IMD2 and second what that means in practice for the UK. In early 2010, the EU Commission asked the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) for advice on reviewing the IMD. The Commission is concerned about a range of issues but here are some of the h...