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20/07/2018
 

PR - Sustainable Finance - 210318


As pointed out at several occasions by BETTER FINANCE , EU citizens as savers are by nature mostly long-term driven, evidenced by the fact that 67% of their total assets are deployed in long-term investments (versus only 37% for pension funds - despite their purely long-term horizon - and 10% or less for insurers), and their main saving goals are long-term (retirement, housing, children’s studies, transmission of wealth, etc.). For these reasons EU citizens as savers have a great need for “sustainable finance” products. Therefore, BETTER FINANCE strongly supports Actions 4 and 7 which should ensure that sustainability preferences of long-term and pension savers are taken into account in the suitability assessment.

Categories: press_releases
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
20/07/2018
 

EIOPA appoints more retail user expert representatives to its Insurance and Pensions Stakeholder roups - five of them are from BETTER FINANCE and its member organisations


On 17 July EIOPA, the European Insurance and Occupational Pensions Authority announced the new composition of its two “stakeholder groups”: the Insurance and Reinsurance one (IRSG), and the Occupational Pensions one (OPSG). BETTER FINANCE thanks and congratulates EIOPA for successfully “seeking to strengthen representation of consumers”, especially in the OPSG where up to now BETTER FINANCE counted only three retail user representatives.

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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
19/07/2018
 

ECON’s draft report on the review of the European Financial Supervisors: disappointing for European NGOs and financial services users


On Tuesday 10th of July, the European Parliament co-rapporteurs published a disappointing draft report on the review of the European System of Financial Supervision : not only lacking any ambitious changes on the much needed reform of the governance model and funding of the European Supervisory Authorities (ESAs – EBA, ESMA and EIOPA), but even weakening some direct supervisory powers for ESMA proposed by the European Commission.

Categories: open_letters
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
19/07/2018
 

BETTER FINANCE RELEASES RESEARCH FINDINGS ON LIFE CYCLE PENSIONS AND ONCE MORE REQUESTS THAT EU POLICY MAKERS ENSURE A REAL PROTECTION OF PERSONAL PENSION SAVINGS


BETTER FINANCE welcomes the recent opinions of the Committee on Employment and Social Affairs (EMPL) and the Committee on Internal Market and Consumer Protection (IMCO) on the proposed “PEPP” EU Regulation, but remains concerned regarding the recent developments at the European Parliament and Council, in particular with regards to the capital “protection” and the tax treatment of the future PEPP.

Categories: press_releases
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BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
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
 
 
 
 
 

Spotlight

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

 

 

 

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