Fund managers and insurers unite to combat Priips confusion

Cross-industry working group pledges to develop industry-standard templates

Fund managers, insurers and trade associations contributing to working group

Europe's largest insurers and fund managers are coming together in a bid to tackle burdensome new disclosure requirements for so-called multi-option products (Mops) required under incoming European Union reforms of the retail investment products market.

Mops are structured products that offer customers a range of investment options to choose from and include many fund-linked life insurance policies used heavily throughout Europe. A clause in the Packaged Retail and Insurance-based Investments Pr