Date: 5th October 2016
Author:
Type: In the news
On the 26th of April, Funds Europe published an article on the challenges faced by consumers investing in financial products, tackling the issue in light of the upcoming public hearing -set for the 29th of June- and the EC`s "Study on the distribution systems of retail investment products".
Called upon to comment, BETTER FINANCE highlighted the grim picture drawn by the study, stating that: "The EC study confirms BETTER FINANCE`s findings, i.e. that investment products are not bought but sold, and that an average individual investor is not able to differentiate between the benefits and risk of different types of advice".
To read full article: Brussels Fixes June Date for Public Hearing on Funds.