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30/10/2017
 

PR - ESMA STUDY FINDS THAT CHARGES ERADICATE RETURNS - IT S EVEN WORSE


30 October 2017 – BETTER FINANCE thanks ESMA for its study on the impact of fees and inflation on fund performance. The ESMA study is yet another confirmation of the independent research published every year by BETTER FINANCE on the real return of long-term and pension savings. BETTER FINANCE is also happy that ESMA is endorsing key elements of the BETTER FINANCE return computation methodology: returns after inflation (EU citizens are subject to the "monetary illusion" and long-term nominal returns aren’t too meaningful and even misleading), and after entry to exit fees as well as ongoing ones.

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26/10/2017
 

EU CITIZENS AS END-INVESTORS BECOME OBSERVERS AT THE BOARD OF THE EUROPEAN FINANCIAL REPORTING ADVISORY GROUP




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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
23/10/2017
 

PR - ESAS FINALLY ASKED TO REPORT ON THE COST AND PAST PERFORMANCE OF LONG-TERM SAVINGS PRODUCTS - 201017 EUROPEAN SUPERVISORY AUTHORITIES FINALLY ASKED TO REPORT ON THE PAST PERFORMANCE AND COSTS OF LONG-TERM SAVINGS PRODUCTS


20 October 2017 – For years now, different research studies and reports by BETTER FINANCE have far too often come to the same conclusion: EU citizens as savers and investors are left in the dark with respect to the past performance and costs of the financial products they invest in, meaning that, more often than not, savers and investors are not even able to find out whether a product has ever made or lost money.

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23/10/2017
 

PR - BETTER FINANCE ELECTS JELLA BENNER-HEINACHER FROM DSW AS NEW PRESIDENT - 191017 BETTER FINANCE ELECTS JELLA BENNER-HEINACHER FROM DSW AS NEW PRESIDENT


19 October 2017 – BETTER FINANCE elected Jella Benner-Heinacher, the Deputy Chief Executive of Germany’s oldest and largest association for private investors DSW, as its new President. “I am honoured by the trust put in me. Working at the European level is certainly one of the most important, but also the most challenging, tasks in the field of investor protection. BETTER FINANCE has to remain one of the strong voices in the future", states Benner-Heinacher. She particularly sees the opportunity to promote topics such as the simplification of cross-border voting rights of shareholders via the digitization campaign of the EU Commission.

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23/10/2017
 

A "NEW DEAL" FOR CONSUMERS - WILL EU FINANCIAL SERVICES USERS AT LAST BENEFIT FROM COLLECTIVE REDRESS?


Earlier this year BETTER FINANCE called on policy makers to put an end to financial abuses by ensuring better public enforcement of conduct of business rules and introducing an EU-wide framework for Collective Redress in order to facilitate effective private enforcement. Now the European Commissioner for Justice and Consumer Affairs is calling for an EU-wide Collective Redress framework.

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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
17/10/2017
 

A BLEAK OUTLOOK FOR EUROPEAN PENSIONERS AS INADEQUATE RETURNS CONTINUE TO HARM LONG-TERM SAVERS


The Organisation for Economic Co-operation and Development (OECD) recently repeated the Public Authorities’ mantra that citizens need to take their responsibility with regard to their pension savings, stating that “in light of the challenges facing pension systems, the only long-term solution for achieving higher retirement income is to contribute more and for longer periods”. Whereas this may be sound advice, it repeatedly ignores a key reason as to why too many long-term and pension savings are failing to provide for an adequate replacement income: insufficient and sometimes even negative long-term real (after inflation) returns. In fact, saving “more and for longer periods” will not even remotely address the issue by itself, since even saving 10% of activity income for 30 years - as often recommended - with a zero real net return will only provide about 12 % of one’s activity income through retirement.

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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 

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

 

 

 

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