{"id":18238,"date":"2007-12-17T07:55:11","date_gmt":"2007-12-17T06:55:11","guid":{"rendered":"https:\/\/fiala.de\/the-vvr-the-devil-is-in-the-detail\/"},"modified":"2021-01-11T15:49:16","modified_gmt":"2021-01-11T14:49:16","slug":"the-vvr-the-devil-is-in-the-detail","status":"publish","type":"post","link":"https:\/\/www.fiala.de\/en\/the-vvr-the-devil-is-in-the-detail\/","title":{"rendered":"The VVR: the devil is in the detail"},"content":{"rendered":"<p>  &#8220;More is coming to the intermediary market than previously imagined,&#8221; sums up PERFORMANCE magazine and announces a multi-part series on the subject of VVR. What problems are currently being discussed? The Handelsblatt criticises that the &#8220;quality offensive&#8221; provides for exceptions for veteran intermediaries and for &#8220;young coffee or glasses saleswomen who only occasionally push a policy over the counter&#8221;. Another point of criticism: in order to meet the requirements of the directive, a suitable contract is sufficient &#8211; it does not have to be the best possible one. This would hardly improve the image of the industry. PERFORMANCE, on the other hand, sees risks for the broker: Even with good advice, formal errors could have long-term and serious consequences. Beyond that the sheet warns: A consulting renouncement by form, as offered by the &#8216;working group&#8217; and other market participants, is ineffective according to Dr. Johannes Fiala.&#8221; The magazine KURS points to a completely different problem: Since all forces are focused on the implementation of the directive, there is a lack of energy for urgently needed product innovations. Finally, the VVR could also get product providers into trouble, writes Ralf Geiling in AssCompact: In case of &#8220;faulty sales documents, deceptive representations or concealment of considerable risks&#8221; the liability trap is looming. According to VersicherungsJournal, many financial service providers are already caught in this trap: According to an investigation, many homepages do not comply with the requirements of the VVR and the Telemedia Act. A look at the press shows: There is still a lot to be done and a lot to be clarified. A collection of current articles is available free of charge upon request.<br \/>\n  (Kommunikate GmbH Newsletter June 2007)<br \/>\n  Courtesy of <link http:=\"\"><a href=\"http:\/\/www.kommunikate.de\" class=\"external\" rel=\"nofollow\">www.kommunikate.de<\/a><\/LINK>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;More is coming to the intermediary market than previously imagined,&#8221; sums up PERFORMANCE magazine and announces a multi-part series on the subject of VVR. What problems are currently being discussed? The Handelsblatt criticises that the &#8220;quality offensive&#8221; provides for exceptions for veteran intermediaries and for &#8220;young coffee or glasses saleswomen who only occasionally push a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","rank_math_focus_keyword":"","rank_math_description":"","rank_math_title":""},"categories":[544],"tags":[542,487],"class_list":["post-18238","post","type-post","status-publish","format-standard","hentry","category-presse-tv-rundfunk-en","tag-makler-en","tag-beratung-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/posts\/18238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/comments?post=18238"}],"version-history":[{"count":0,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/posts\/18238\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/media?parent=18238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/categories?post=18238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiala.de\/en\/wp-json\/wp\/v2\/tags?post=18238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}