BETTER FINANCE is excited to announce the launch of its much-needed “Gateway to Responsible Investing”, responding to the lack of independent, transparent and clear information on how to invest in a climate-aligned and sustainable way! Besides providing educational information on matters such as ESG, impact investing and greenwashing, the gateway also provides tools for first-time
A little more than a week ago, BETTER FINANCE announced the results of its replication of the ESMA investigation into Closet Indexing. Following up on this announcement, today BETTER FINANCE launches www.checkyourfund.eu, allowing stakeholders and individual investors to go through the results of the research and, in some cases, find out whether their investments are
A little more than a week ago, BETTER FINANCE announced the results of its replication of the ESMA investigation into Closet Indexing. Following up on this announcement, today BETTER FINANCE launches www.checkyourfund.eu, allowing stakeholders and individual investors to go through the results of the research and, in some cases, find out whether their investments are
For a long time considered a model of German success story, the online payment company Wirecard collapsed in 2020 in a dramatic and scandalous bankruptcy, tarnishing the reputation of the political class and financial control authorities. This Thursday, the trial of the former president of Wirecard and two other managers opens in Munich. An alleged
The European Federation of investors and Financial Services Users fully supports the clear stated objectives of the European Union’s very welcome “Retail Investor Strategy”. ENSURE A LEVEL PLAYING FIELD IN SECTORAL LEGISLATION The European Commission’s stated goal for the EU Strategy for Retail Investors (RIS) is to: ”ensure that (…) rules are coherent across legal
The OECD has published a new edition of its research book Pensions at a Glance. The report highlights the pension reforms carried out by OECD countries over the last two years and how the Covid-19 pandemic has affected pensions. However, the problem goes far beyond the pandemic. The rapid ageing of society has altered pension systems in many countries, even halting some reforms. The
During a vote in the European Parliament’s committee on economic affairs on a proposed quick fix to the so-called Markets in Financial Instruments Directive (MiFID), the centre-left S&D party abstained. With this proposal, the European Commission aimed to make some amendments to the MiFID regime, in order to address the impact of the Covid-19 crisis
Based on an article written for Managermagazin, by Axel Kleinlein, BETTER FINANCE President and Head of the Association of the Insured (BdV), Germany’s largest consumer protection organisation for the insured. A consumer advocate enthusiastic about an unsuccessful defence minister? That may sound surprising… but let me try to explain myself. As the newly elected president of
By Jean Medernach – The main role of EFRAG, the European Financial Reporting Advisory Group, is to advise the European Commission on whether new IFRS should be endorsed in Europe. The criteria for endorsement of new or revised IFRS are: Technical: do they meet the criteria of understandability, relevance, reliability and comparability of the financial
On Thursday 28 June, the European fund and asset management industry body issued a press release stressing the worrying shortcomings of the rules governing the Key Information Documents (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs). This follows the publication of its Evidence Paper that found that the new methodology for calculating transaction costs