“Consumer Associations Rally to Save Eurovita and Investors’ Savings”

Consumer associations are calling the insurance and banking world to rally to save Eurovita, but above all the savings of those who have invested in insurance today in extraordinary administration. In a joint note, the consumer protection associations ask that the solution “go through the commitment of the insurance and banking world, which must play a leading part in favoring the transfer of policies and underlying funds”.

Intermediaries advance redemptions

The document was signed by Adoc, Adusbef, Adiconsum, Altroconsumo, Assoutenti, Consumer House, Active Citizenship, Codacons, Codes, Confconsumatori, Federconsumatori, Consumer Movement, Citizen Defense Movement, Udicon and National Consumer Union. “In essence – say the associations – the interested intermediaries they could anticipate any redemptions to the policyholders, obtaining in exchange the underlying investments which, according to the supervisory institute, are real and solid (at maturity) and only depreciated due to the effect of the current inflationary push which has also caused losses on European government bonds issued a few months ago. In this way, policyholders would obtain that serenity which would allow them to maintain the investment without resorting to redemption. The timing of the intervention is decisive in order to avoid the continuation of a heavy climate of uncertainty which involves almost 400 thousand families”.

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The Eurovita node and the world of politics

The Eurovita affair has come to political attention for several weeks. They have already moved both the Mef that the Mimi. “Days after the meeting, it is urgent that Ivass, in coordination with Mimit, the commissioner body, and involving the intermediaries who have worked in the matter, provide adequate and timely responses to savers”.
Furthermore, the consumer associations “renew the need to start discussions with the institutions and intermediaries, so that a sectoral guarantee fund can be made available to subscribers of branch I and branch III policies to protect the premiums paid” conclude the consumers .

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