IDD: Berlin’s draft law holds some serious surprises

The Ministry of Economics has submitted a draft law to implement the EU Insurance Distribution Directive IDD into German law. Accordingly, the ban on commissions remains in place and in future there will be “fee-based insurance consultants.   www.fondsprofessionell.de (published on 22.11.2016) Link: http://www.fondsprofessionell.de/news/recht/headline/idd-berliner-gesetzentwurf-birgt-handfeste-ueberraschungen-128945/