Ceiops: legality of Solvency II remuneration controls in doubt

time-money

The EU Solvency II directive "probably does not have the legal basis" to dictate rules on industry remuneration levels, according to a member of the Committee of European Insurance and Occupational Pensions Supervisors' (Ceiops) managing board.

Speaking at Life & Pensions' Solvency II and risk management conference in London on Wednesday, Giovanni Cucinotta, who in addition to his role at Ceiops is head of research at Italian insurance regulatory ISVAP, confirmed industry claims that restrictio