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05/07/2018
 

PR - PRIIPs KID - 290618


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 imposed by the PRIIPs regulation often produces positive “costs” and that the new KID deprives investors of a crucial past performance information.

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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
04/07/2018
 

INVESTING IS NOT A FULL-TIME JOB FOR CITIZENS


With fewer individual investors investing directly in equities and bonds and households being sold packaged products instead, the products EU citizens invest in are becoming increasingly complex. As a result people struggle to understand and to trust the financial products they are invested in. Whereas new technologies and FinTech are, in principle, cutting out the middle man and returning some control to retail investors, these new tools also require a certain degree of knowledge on the part of the end-user. Investor Education is therefore a key success factor for the wellbeing of EU citizens as savers and investors.

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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
04/06/2018
 

AT LEAST 619 UCITS EQUITY FUNDS FOUND IN BREACH OF KEY EU DISCLOSURE RULES AS POOR ENFORCEMENT PROSPERS IN SEVERAL KEY COUNTRIES


Renewed research by BETTER FINANCE finds that at least 30% of the main actively managed UCITS equity funds (those with a ‘fund benchmark’ ) still do not comply with key disclosure requirements for benchmarks as stipulated in EU Rules. In the face of persistent poor enforcement in our view in some major fund domiciles, BETTER FINANCE sees no other way but to name the perpetrators and failing jurisdictions it identified.

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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
24/05/2018
 

PAN-EUROPEAN PERSONAL PENSION PRODUCT: BETTER FINANCE AND EUROPEAN PARLIAMENT STRIVE TO ENSURE EU SAVERS GET AN ADEQUATE PENSION


BETTER FINANCE welcomes the proposed amendments from the EP rapporteurs and shadow rapporteurs as a step in the right direction towards a simple and safe PEPP that could regain the trust of EU citizens. Several key amendment proposals by BETTER FINANCE have been taken on board by the EP rapporteurs and shadows for the Committee on Economic and Monetary Affairs (ECON), the Committee on Employment and Social Affairs (EMPL) and the Committee on Internal Market and Consumer Protection (IMCO).

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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
25/04/2018
 

The EC Study on Retail Investment Products Confirms a Dire Need for Simple Investment Products, More Transparency on Performance and Costs and Independent Comparison Tools


BETTER FINANCE thanks the EC for releasing this long awaited but very necessary study on the main source of funding of the EU economy, which for this reason has also been identified as a top priority of the “Capital Markets Union” Initiative of the EU. The study draws a grim picture detailing the obstacles retail investors face when seeking financial advice or wanting to buy an investment product.

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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
18/04/2018
 

SHAREHOLDERS RIGHTS DIRECTIVE IMPLEMENTING ACTS LAST CHANCE TO ENSURE RIGHTS OF INDIVIDUAL SHAREHOLDERS TAKEN INTO ACCOUNT


Over the last few years, the European Union (EU) has been trying to facilitate the exercise of shareholders’ rights by updating the Shareholder Rights Directive (SRD II). The revised Directive itself unfortunately only provided limited improvements to shareholders rights as important barriers to cross-border shareholder engagement within the EU remain in place.

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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 

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