BETTER FINANCE thanks the European Securities and Markets Authority (ESMA) for its “peer review” report on the Wirecard scandal. It is quite revealing of the many failures and conflicts of interests that can plague even the most resourced national financial supervisors. It is unfortunate however that ESMA did not look into the handling by the
A report, presented by the pan-European financial regulator ESMA, the European Securities and Markets Authority, shows a significant drain on fund performance, due to the high fees charged by investment houses for UCITS (Undertakings for the Collective Investment in Transferable Securities). The data shows that the impact on retail investors is even higher, as they
BETTER FINANCE sent out an open letter to the Slovenian Prime Minister and Slovenian Members of Parliament as well as the European Commission’s Directorate”‘General for Financial Stability, Financial Services and Capital Markets Union in support of the Pan-Slovenian Shareholders’ Association (VZMD) and joins it in denouncing the severe restrictions to be enacted by the Republic
12 January 2017 – BETTER FINANCE, the European Federation of Investors and Financial Services Users, sent out an open letter to the Slovenian Prime Minister and Slovenian Members of Parliament as well as the European Commission’s Directorate‑General for Financial Stability, Financial Services and Capital Markets Union in support of the Pan-Slovenian Shareholders’ Association (VZMD) and
BETTER FINANCE issued a press release on the worrying latest amendments to the European Parliament’s ECON Committee draft report on the IORP II Directive. BETTER FINANCE urged MEP Brian Hayes and the ECON Committee to remove these latest outrageous amendments. Regulatory convergence and the removal of existing obstacles would allow savers to shop around for
Lord Mike German suggested amending the Pension Schemes Bill to make pension funds more accountable to savers by banning non-disclosure agreements. These agreements are concluded between pension funds (asset pools providing pensions for employees) and asset managers (people who maintain and supervise financial portfolios). Lord German’s proposal is targeting two things: First, fees and charges
The latest amendments to the European Parliament’s ECON Committee draft report on the Directive are worrying to say the least. Following these, BETTER FINANCE wrote a letter to the rapporteur on 26 November to voice its concern regarding the proposed amendments that would constitute a very significant setback in the protection of EU pension savers,
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
The Financial Services User Group (FSUG) welcomes the ongoing legislative and supervisory works aiming to improve the ‘Value for Money’ that retail investors obtain from their packaged retail and insurance-based investment products (PRIIPs). The FSUG argues that ensuring retail investment products are effectively designed to increase the financial wealth of investors should be amongst the
⬇️ 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