News from the regulatory world include two innovations and one standstill: On 27 March 2014, the European Commission presented its proposal for a revision of the Institutions for Occupational Retirement Provision Directive. On 1 April 2014, the European Parliament and the European Council agreed upon the key issues regarding the realization of the PRIPs initiative; endowment life insurance contracts are finally within the scope of application. The revision of the Investment Ordinance for German insurance companies does not make any progress.