Sign up for our newsletter

Date
 
Description
 
Author
09/03/2018
 

BETTER FINANCE’s answer to the European Commission Fitness Check on Public reporting by companies


As a general comment, BETTER FINANCE believes that the current legislative framework regarding the reporting on ESG should be reviewed to introduce more standardisation in the disclosure process. Under the current legislative framework, public reporting of companies on ESG and particularly on social and governmental issues does not reflect the right picture as regard sustainability disclosure.

Categories: positions
Get document »
 
BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
05/03/2018
 

UK CLOSET INDEXERS TO INDEMNIFY FUND INVESTORS ALMOST FOUR YEARS AFTER BETTER FINANCE ASKED THE EUROPEAN SUPERVISOR TO INVESTIGATE THE ISSUE


Good news at last for some investors caught in “closet index” funds: fund managers will indemnify investors from 64 UK domiciled funds for £ 32 million following the UK financial supervisor’s investigation. Closet index funds are funds that claim to be actively managed, and charge “active” management fees, but closely track the market indices (before fees), more or less like index funds (that charge much lower fees). In 2014, BETTER FINANCE asked the European supervisor for a Europe-wide investigation of the closet indexing problem after the Danish financial supervisor raised this issue locally.

Categories: press_releases
Get document »
 
BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
21/02/2018
 

BETTER FINANCE’s feedback on a Proposal for a Directive amending Directive (EU) 2016/97 on Insurance Distribution


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.

Categories: positions
Get document »
 
BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
05/02/2018
 

BETTER FINANCE’s answer to the Call for Evidence on Potential product intervention measures on contracts for differences and binary options to retail clients


BETTTER FINANCE wishes to congratulate ESMA for quickly making use of its brand new (03/01/2018) product intervention powers granted by MiFID II to ban or restrict the distribution of toxic investment products to retail clients. As asked many times in the past by BETTER FINANCE , the ESAs are now eventually empowered with broader product intervention powers, no longer solely on the basis of financial risks and stability considerations but including the power to ban or put on hold the selling of financial products that are toxic or not suited for retail clients, and not only those supervised by ESMA.

Categories: positions
Get document »
 
BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
05/02/2018
 

WILLINGNESS OF EU MEMBER STATES CRUCIAL FOR ENDING DOUBLE TAXATION OF INVESTMENT INCOME WITHIN THE EU


Guillaume Prache, Managing Director of BETTER FINANCE, was invited to address the European Commission’s (EC) ‘Public Hearing on a simpler Withholding Tax procedure for Europe’. The EC just released a Code of Conduct on withholding tax aimed at improving the refund and/or relief at source of current withholding taxes (WHT) charged by Member States within the European Union. At the hearing all participants, public and private, agreed that the success factor to transform this Code of Conduct into reality is the willingness of Member States to implement this non-binding document.

Categories: press_releases
Get document »
 
BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
02/02/2018
 

BETTER FINANCE WELCOMES EC ROADMAP TOWARDS A MORE SUSTAINABLE ECONOMY BUT ONCE AGAIN DEPLORES FAILURE TO TAKE THE INTERESTS OF EU CITIZENS AS PENSION SAVERS AND INDIVIDUAL INVESTORS INTO ACCOUNT


Whereas BETTER FINANCE welcomes the report of the European Commission’s High-Level Expert Group (HLEG) on Sustainable Finance as a step in the right direction to promote a cleaner and fairer economy, it is also disappointed in the fact that the report essentially fails to address information and governance issues for sustainable finance products.

Categories: press_releases
Get document »
 
BETTER FINANCE
BETTER FINANCE
 
 
 
 
 

Spotlight

The latest edition of our report on Pension Savings is now available for download!

 

 

 

Events

April - 2018
M T W T F S S
  01
02 03 04 05 06 07 08
09
10
11
12
13 14 15
16 17 18 19 20 21 22
23 24
25
26
27
28 29
30  
Tuesday, 10. April 2018
Thursday, 12. April 2018
Wednesday, 25. April 2018
Thursday, 26. April 2018
Friday, 27. April 2018