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17/04/2018
 

‘NEW DEAL FOR CONSUMERS’ – AN IMPORTANT BREAKTHROUGH FOR MANY FINANCIAL SERVICES USERS BUT NOT FOR EU CITIZENS AS INDIVIDUAL SHAREHOLDERS


Many financial services providers already operate across borders in different Member States. Like for other sectors, the case for EU-wide collective redress for financial services is clear and in the interest of EU citizens as retail investors and pension savers. Over the years there have been numerous mis-selling scandals in the financial services industry that have harmed individual investors. In many of these cases the lack of collective redress mechanisms prevented victims from seeking compensation for losses and damages suffered.

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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.

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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.

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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.

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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
12/01/2018
 

Equity financing of the EU economy: how to get EU citizens as investors back into capital markets?


On 22 November, BETTER FINANCE, the European Investment Bank and the Federation of European Securities Exchanges teamed up for the International Conference on the ‘Equity Financing of the EU Economy’. A full room was addressed by prominent speakers representing the European Parliament and Commission, Permanent Representations to the EU, European Supervisory Authorities and consumer and trade associations.

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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
30/10/2017
 

Equity Financing of the EU Economy - How to get EU citizens as investors back into Capital Markets


On 22 November, BETTER FINANCE, the European Investment Bank and the Federation of European Securities Exchanges teamed up for the International Conference on the ‘Equity Financing of the EU Economy’. A full room was addressed by prominent speakers representing the European Parliament and Commission, Permanent Representations to the EU, European Supervisory Authorities and consumer and trade associations.

Categories: press_releases
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 

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