Guillaume Prache, Managing Director at BETTER FINANCE, was quoted in the Financial Times on the billions of pounds’ worth of unclaimed assets. Although the article focused on the several fund houses in the UK that have called in specialists to track down the owners of what may amount to billions of pounds’ worth of unclaimed assets, Guillaume Prache
Guillaume Prache, EuroFinUse’s Managing Director, was invited to comment in an article in L’Echo on the fact that since the advent of the financial crisis and the consequent implementation of the European MiFID directive, investors are obliged to complete a questionnaire so that the company selling them the financial product can determine their risk profile,
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
BETTER FINANCE alongside with fund managers and Politicians have failed to persuade the European Union to implement amendments that were aimed at making documents easier to understand and more reliable for investors. Guillaume Prache, managing director of BETTER FINANCE, said the European Commission’s decision last week to sign off the rules without any amendments was
BETTER FINANCE was quoted in Funds Europe on its research on robot advisers. Indeed the research says that nearly all robot advice providers in Europe were registered as financial advisers but that many were also registered as asset managers or had a contractual relationship with a registered investment company. “Therefore, terms such as ‘robot investing’
In the current low interest environment, life insurance remains the better option for French long–term or pension savers (if invested in euros), with returns (on average around 2,5% gross in 2014) superior to other products. Still, to determine the real return, costs, taxes and inflation need to be taken into account. According to the study
Carl Rosén, chief executive of the Swedish Shareholders’ Association (SSA) and vice-president of BETTER FINANCE, featured in last Sunday’s Financial Times “Face to Face” section, dedicated to people in the fund management industry. A former investment banker, Carl Rosén and the Swedish organisation caught the financial industry and media’s attention after publicly criticising some of
According to The Guardian, a group of UK Labour MPs believes pension savers should be allowed to question retirement fund managers and to elect trustees to occupational schemes. The demand follows a string of critical reports on the pension fund industry including BETTER FINANCE’s "Pension Savings: The Real Return" in which it is concluded that in Britain, pension
Following a debate on the European Commission’s proposal to amend the Shareholder Rights Directive (SRD) held on the 12th of May in Brussels, Funds Europe now draws attention to BETTER FINANCE’s concerns regarding the fees that individual investors often have to pay in order to exercise their voting rights. BETTER FINANCE believes that European shareholders should be able to
Today’s Financial Times story is based on the recent EuroFinUse’s Response to the Public Consultation on the review of the European System of Financial Supervision from the European Commission. The FT echoes EuroFinUse’s views on the need for a more balanced representation of retail users in the European consultative “Stakeholder Groups”, and the need for