EIOPA's approval of flawed PRIIPs changes seriously bad news for consumers buying insurance-based products

To be clear: the ESAs’ proposed changes to the PRIIPs KID will not work or deliver any benefits for consumers buying insurance-based products. The proposals will in fact make the PRIIPs KID much more complex, confuse consumers and further undermine their understanding of insurance-based investment products, as well as their trust in the information they receive.