BETTER FINANCE’s take on an EU Ecolabel was taken up in Politico’s story on Sustainable Finance: “European fund managers and investor advocates are at odds over the criteria intended to single out best-in-class green investment funds in the EU. The EU’s research arm proposed a series of thresholds that funds would have to exceed, measured
17 April – GREEN BALANCING ACT: Fund managers and investor advocates are at odds over the criteria intended to single out best-in-class green investment funds in the EU. 22 April – REWRAPPING PACKAGED INVESTMENTS: The battle is heating up — again — over how best to express the performance profile of financial products to consumers
Following the Covid-19 outbreak and its effect on financial markets, BETTER FINANCE was quoted in different European press outlets on the need to keep markets open and the difficulties facing index funds in these difficult times.” So, what kind of resilience can we expect from “trackers” in a market that’s in freefall, down by 40% in
Norway*s High Court has ruled against banking group DNB ASA in what represents a landmark in “closet indexing” cases. […] Norway’s largest financial services group DNB ASA is to pay back the equivalent of millions of euros to investors after the Supreme Court of Norway found for 180,000 individual investors in a class action brought by
The EU’s nascent sustainable funds label has been amended after being described as ‘too ambitious and not achievable’ […] The Ecolabel is an existing EU certification awarded to a range of products which meet high environmental standards aimed at end consumers. The scheme is being extended to include financial products for the first time to
DATE Publication and Article Title (with links) 26/01/2018 FT – Slippage causes confusion in Mifid II fund rules row 05/02/2018 Les Echos – La réforme de l’épargne-retraite divise les professionnels 08/02/2018 La Libre – PRIIPs Un règlement qui trompe linvestisseur 14/02/2018 Law360 – Blocwide Pensions Don’t Prevent Dangers, Groups Warn 04/03/2018 Financial News – Asset
Despite a 10-year bull market both for European equities and bonds, the outlook for European pension savers remains bleak. Whereas returns have improved in recent years, the Better Finance study, Pension savings: the real return, once again shows that most long-term pension savings products did not, on average, return anything close to those of capital markets.
Europe has made limited progress with its capital markets union, and decision-makers must do more to protect people’s right in the space, the advocacy group Better Finance said in a report looking ahead to today’s conference of the Federation of European Securities Exchanges. “BETTER FINANCE believes that the CMU initiative provides the ideal opportunity to
Among other topics, the latest newsletter of POLITICO discusses the clash of fund managers and consumer groups on fees and responses to ESMA’s Consultation Paper on Guidelines on Performance Fees in UCITS. BETTER FINANCE, as a representative of financial services users, was quoted in the newsletter: “It falls under the fair treatment of investors to penalize the
“Savers across Europe with private pension plans endured a miserable year for performance in 2018 with widespread negative returns raising more concerns about the health of retirement systems across the region.” Read the full article on FTfm.