Consumer Protection - Van Hulle: Increase transparency or face regulation
Taking his cue from uncertainty raised by the recent bout of financial instability, Karel van Hulle, head of the European Union's insurance, pensions and financial institutions, warned the insurance industry to improve product transparency and customer understanding of financial products, or face increased regulation.
With the value of investments plunging, many consumers have experienced blocks on accessing their funds, or have suffered the imposition of swingeing market value adjustments to
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