Zoekresultaten

… control frameworks, including the concepts of the Authorized Economic Operator, processes and control and risk management; Describe and understand the impact of technology in the field of customs law with respect to automation of processes, the exchange and evaluation of information and supply chain security; Describe, understand, explain what levies on importation, other than customs duties may be applied; Describe, understand, explain non-fiscal aspects of customs law, such as anti-dumping, …

… business… Layers of “hidden” protection in calculation of SII liabilities – not widely known or understood Treatment of insurers as if they are traders, instead of fully recognising ability to invest long-term and how this results in lower risks than trading risks 17 4. Focus on Solvency II Solvency II: treatment of long-term business Insurers’ business model allows insurers to avoid forced sales of assets Predictable liability portfolios, policyholders have limited ability and/or dis-incentives to … and soft compulsion Tax incentives Tax configurations should incentivise adequate saving over the long-term, eg by deferring the point of taxation or penalising early exit/surrender Tax incentives should be simple and stable over time Easing online access to pensions Digital distribution can increase private pension coverage and should not be hindered Saving enough 17 Providing information on the benefits of insurance savings products Savers should be informed about the importance of the … insurance industry should work together to facilitate the availability of well-designed collective mutualised investment products for those savers that need them Adjusting Solvency II Solvency II’s treatment of long-term investments should move from a trading to a long-term approach Ensuring access to appropriate decumulation products Pension decumulation needs to balance the right level of protection against longevity risk and the flexibility to allow access to funds if needed Saving well 24 …