French insurers have warned that the decision not to include pension funds within the scope of Solvency II could seriously undermine their competitiveness in Europe.
This is because of the way in which pension products in France are managed by life insurers. The concern applies to both individual pension plans and occupational pension products provided to companies, which are both sold by French insurers.
Whilst it is true that insurers in other European countries also sell pension products -
The week on Risk.net, July 7-13, 2018Receive this by email