EIOPA receives request from the European Commission

The European Insurance and Occupational Pensions Authority (EIOPA) and the other two European Supervisory Authorities - the European Banking Authority, the European Securities and Markets Authority - have received a request from the European Commission to issue recurrent reports on the cost and past performance of the main categories of retail investment, insurance and pension products.

The first Report to be issued in 2018 by EIOPA should cover insurance-based investment products (IBIPs) and personal pension products. At a later stage, EIOPA should also report on the costs and performance of Defined Contribution occupational pension schemes.

EIOPA welcomes this request, as transparency and comparability of costs and potential returns are a crucial precondition for sound consumer protection.