What sort of summer for intermediaries and Europe?
And now comes the time for holidays for most citizens in Europe, but also time for everyone in their offices to have a couple of quieter weeks, dedicating their work to more fundamental tasks like reviewing their processes or closing late files that lie on their desks.
But after the first wave of transposition of GDPR, IDD (almost), PRIIPS and MIFID 2, it’s also time for questions.
If Europe is again asking about her future, advisors, intermediaries, producers and clients are doing the same - and for our advisors and intermediaries, it would be useful to spend more than a few weeks this summer creating their New Relationship Models, their processes and, at the end of the day, thinking about the goals and hopes for their SMEs.
Having said that, let’s have a look at the situation.
On one hand, we are facing authorities and, perhaps more than them, the EC, considering that they should “now and again” go forward and propose rules anew, for all of us, before any of the previously quoted texts have been fully applied and, by the way, their effect understood.
On the other hand...