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The Economic and Monetary Affairs of the European Parliament (ECON) voted yesterday on the Regulation for a Key Information Document for investment products (formerly known as “PRIPs”). EuroFinUse praises the European Parliament for voting for more consistency in summary information for investors, but is quite concerned that a majority of the critical long term and

On October 18, EuroFinUse and the Austrian Shareholder Association (IVA) held an international conference on “The Financial Repression of Savers and Investors”, in Vienna. International authorities from the private and public sectors discussed the alleged inevitability of Financial Repression and proposed solutions to face this issue. The event held at the Vienna Insurance Group was

Yesterday EuroFinUse, WWF and VoteWatch Europe were the last remaining candidates standing at the coveted European Public Affairs Awards, eagerly awaiting the announcement of the winner of the “NGO of The Year” category. The EPA awards single out organisations for excellence in their respective sector, while aiming to encourage best practice in the European public affairs

The European Federation of Financial Services Users releases its research report on the real return of pension savings. This research confirms, broadens and deepens the OECD 2012 Pensions Reportconclusions which revealed negative real returns on average for pension funds.  Our research adds other pension savings than pension funds, includes France (not covered by the OECD

EuroFinUse invites you to the Conference on the BETTER FINANCE MANIFESTO which will take place at the European Parliament on March 28. Whereas there are many challenges ahead, few are as acute as dealing with the fallout of the financial crisis. In order to shore up the real economy, protect savers and investors, concentrate on long term

On 26 March, EuroFinUse, the only organisation dedicated to defend the rights of European financial services users, organised a high-level conference on the audit reform, hosted by British MEP Sajjad Karim, to discuss the proposals linked to audit tenure, non-audit services policy, quality, transparency, pricing as well as those targeting the role of audit committees

At the EuroFinUse General Assembly, on 25 March 2013, Jean Berthon was elected as President to head the one and only organization dedicated to defend the rights of financial users. On January 1st 2013, Euroshareholders and EuroFinUse – the two European organizations representing individual shareholders, investors, savers and other financial services users – merged to

EuroFinUse praises the Eurogroup statement from late Monday in favor of fully guaranteeing deposits below EUR 100,000. Moreover, we believe bank depositors should not pay for the excesses of the banking industry and or governments. Therefore, depositors should be protected from bearing the bulk of the Cypriot rescue package. Full Press Release

EuroFinuse, the European Federation of Financial Services Users, is closely following the debate onthe “UCITS V Directive” that is currently focusing on depositories’ liabilities and asset managers’remuneration.These are two major issues that have to be tackled by EU institutions, as they were exposed as theweakest part of the UCITS framework during the financial crisis. Performance

EuroFinUse is very pleased that MEP Pervenche Beres’ amendments on PRIPs match our demands in relation to the inclusion of shares and bonds and other bank savings products, life insurance products as well as the disclosure of inducements paid by the provider to the seller. Press Release

The Retail Investment Strategy (RIS) compromise currently on the table for a European Parliament vote blatantly disregards the interests of retail investors and the establishment of a competitive Capital Markets Union (CMU). Should Ms Yon-Courtin’s proposed compromise be approved by the ECON committee on 20th March and subsequently put to a plenary vote one month

BETTER FINANCE endorses the FSUG’s call for improved ‘Value for Money’ in retail investments. The focus is on enhancing the effectiveness of packaged retail and insurance-based investment products (PRIIPs) to contribute significantly to investors’ financial well-being. The FSUG emphasises the responsibility of product manufacturers to design products that boost investors’ financial wealth and urges supervisors

⬇️ Read or download BETTER FINANCE’s Individual Investors’ Key Priorities for 2024-2029 below. ⬇️ Let’s harness the Capital Markets Union’s (CMU) potential to benefit our citizens as financial consumers, retail investors and pension savers, as well as our planet, the economy, and for future generations. This will ensure Europe’s prosperity and security in a rapidly

DG FISMA will be organising a roundtable on January 25th, 2024 at 10:00, where Aleksandra Maczynska, Acting Managing Director at BETTER FINANCE will address the panel on ‘Opportunities from a shorter settlement cycle in the EU’.

The Sustainable Finance Disclosures Regulation (SFDR) started applying in March 2021 and requires financial market participants and financial advisers to disclose at entity and product levels how they integrate sustainability risks and principal adverse impacts in their processes at both entity and product levels. It also introduces additional product disclosures for sustainable financial products making

BETTER FINANCE is pleased to announce a new collaboration with SASV (Schweizerischer Anlegerschutzverein), the Swiss Investor Protection Association, further expanding its pan-European network. SASV is dedicated to promoting transparency within the Swiss capital market and advancing investor rights. This partnership with BETTER FINANCE aims to bolster the representation of Swiss individual investors and shareholders on

Brussels, 14 December 2023 – On December 11th, the BETTER FINANCE Scientific Council convened to discuss next year’s research program and to elect a new chairperson. The Council recommended that BETTER FINANCE continues to build on the extensive research conducted by the team and expressed support for the 2024 research program, including further research on

The Lithuanian Investors Association and BETTER FINANCE, the European Federation of Investors and Financial Services Users, are organising the annual BETTER FINANCE International Investors’ Conference, scheduled to take place in Vilnius on May 30, 2024. The conference, titled “Vilnius 2024 | Shaping the Future of Finance,” will delve into various topics encompassing European and Baltic

Date: Wednesday, 17 April 2024 | Time: 14h00 – 18h00 | Place: University Foundation, 11 Rue d’Egmont, 1000 Brussels PROGRAMME 13h30 – 14h00 | Registration & Coffee 14h00 – 14h10 | Welcome | Aleksandra Mączyńska, Acting Managing Director, BETTER FINANCE 14h10 – 14h30 | Keynote Speech | José Manuel Campa, Chair, European Banking Authority (EBA)

The “Swiss Association for the Protection of Investors” (Schweizerische Anlegerschutzverein) is committed to transparency on the Swiss capital market and the promotion and enforcement of investor rights in Switzerland. Its purpose is to protect the interests of investors with regard to financial investments and to support them in the enforcement of their corporate and economic

On 23 March, MEPs Isabel Benjumea and Stéphanie Yon-Courtin addressed the Global Money Week webinar on “Investor Education in times of High Inflation, Financial Repression & Market Volatility” jointly organised by BETTER FINANCE and EFAMA. Please find their respective full speeches below. Excerpts: Isabel Benjumea: “Investor education is a key tool for the completion of

Global Reporting Initiative (GRI) created the first global, third party sustainability and social impact measurement standards in 1997. The newest GRI Standards provide three sets (economic, environmental, and social) of 34 topic-specific standards to help companies report on material ESG issues to their investors and other stakeholders. GRI has no central oversight function – but

“Es el sentido de conservación innato de la gente el que ha mantenido nuestro dinero a flote a pesar de las fantásticas artimañas que las financieras hacen – y las cuales cubren con tecnicismos y términos rebuscados. La gente está del lado de una moneda sólida. Están tan inalterablemente del lado de una moneda sólida,

BETTER FINANCE thanks the ECB for this initiative to reach out to EU citizens as users of financial services and to the “civil society” at large. We acknowledge the major role of the ECB in addressing many short-term issues arising from the 2008 financial crisis and today from the COVID one: Financial repression at unprecedented

“It is the innate conservation of the people that has kept our money good in spite of the fantastic tricks which financiers play – and which they cover up with high technical terms. The people are on the side of sound money. They are so unalterably on the side of sound money that it is

The past weekend`s oil price war between Russia and Saudi Arabia delivered a second shock to the already economic disruption brought upon by the coronavirus. A third coup will follow, as the sharp falls in financial markets destroy wealth and magnify the damage to the economy of countries around the globe. […] Covid-19 is an

Six weeks into 2018 the principal indexes around the globe went into freefall, following a global sell-off in stock markets. The table below shows the changes (Δ%) between the closing prices of the indexes over the course of one day.    Some look at the US markets for the cause, where a ‘wage growth in the US jumping

Characterised by low interest rates for credit and low yields for debt instruments, the past year as well as 2016 were not very fruitful for institutional investors (especially insurers and credit institutions), reason for which professionals who offer financial products have been searching for financial assets with higher returns (see article here). A recent study

In an interview with the FT, Mr Hailer declares his intention to focus on the problems in the fund industry, notably the so-called closet tracking and the broader issue of whether asset managers do a good job for investors. The Bostonian is angry about closet tracking, a form of mis-selling where a fund charges high

In light of the Brexit negotiations and the finance industry’s concerns regarding their outcome, HM Treasury has released its revised version of the 2013 Investment Management Strategy (IMS), hedging for a negative scenario.  The working paper aims at providing the necessary proposals and impetus for the British Government’s efforts to secure not only a safety

  The roundtable on the distribution of retail financial products will bring together representatives of key industry and consumer stakeholders. This meeting aims to launch a reflection on issues related to the retail investments market’s current practices, as well as relevant technological and societal trends. ‘Interventions by stakeholders’ will take place between 9:10 – 10:00

On 2 March 2023, BETTER FINANCE was one of the two organisations representing individual investors and financial users invited by the European Commission (together with 5 financial industry representatives) to address representatives of EU Member States at a “Government Expert Group on Retail Financial Services” meeting in Brussels on the Commission’s initiative of a “Retail

As a first step towards the preparation of its report on the application of the IDD, EIOPA launched an initial survey addressed to external stakeholders, such as consumer associations, academics, trade associations, insurance undertakings and insurance intermediaries. Note: This feedback is provided by BETTER FINANCE together with its German (BdvBund der Versicherten e.V.) and French

Investment firms shall act in accordance with the best interest of their clients and as such, when providing investment advice and portfolio management, they must disclose information on the ESG of each financial product offered to the client before providing investment services. The asset managers must explain to the client how his or her ESG

BETTER FINANCE fully supports this proposal to include ESG considerations during the advisory and product suitability process. However, we have some concerns regarding the proposal. Firstly, and as raised at several occasions by BETTER FINANCE, before requesting institutional investors and assets managers to include ESG’s client’s preferences in the advisory and product suitability process, we

BETTER FINANCE welcomes this opportunity to comment on the EC proposal for a Regulation on facilitating cross-border distribution of collective investment funds. As the representative of individual investors, BETTER FINANCE is pleased to see that the Commission stresses the obligation to provide for fair, clear and not misleading information in marketing materials for UCITS.

BETTER FINANCE welcomes this opportunity to comment on the Commission’s proposal amending the AIFM and UCITS directives with regard to cross-border distribution of investment funds.

BETTER FINANCE regrets this postponing of the date of application. In our view, the industry had plenty of time since February 2016 to prepare for this new legislative framework which provides for rather low-level/basic minimum standards for the insurance distribution.

In 2016, the European Commission adopted the Insurance Distribution Directive (IDD) widening the Insurance Mediation Directive’s (IMD)  scope with the aim of increasing transparency of price and costs of insurance products. The new directive introduces a simple, standardized insurance product information document (IPID) which provides clearer information on non-life insurance products, so that consumers can

Retail” financial services are still ranked as the worst consumer markets in the entire European Union according to the European Commission’s Consumer Scoreboard. Therefore, our organization would like to express its support for initiatives such as the draft Delegated Act since it aims to enhance the protection of consumers and retail investors. We also subscribe