BETTER FINANCE publishes its press release following the launch of the "Green Paper on retail Financial Services” and its consultation issued today by the European Commission. BETTER FINANCE therefore welcomes the Green Paper but will it be the one to eventually bring about an integrated and competitive European market for retail financial services? BETTER FINANCE worries
BETTER FINANCE stands fully behind the European Federation of Employee Share Ownership (EFES) – one of its member organizations – in its response to the European Commission’s proposed restructuring. The European Federation of Employee Share Ownership (EFES), the voice of employee share ownership in Europe, urged the European Commission to retain European employee share ownership
The Regulation for a Key Information Document (KID) for Investment Products faces serious threats from within the European Parliament itself. The stalled financial package concerns a simple information document that would have to be provided to potential customers by financial services, at the time of sale. Specifications for such a Key Information Document (KID) are
In an article published in Les Echos on the 28th of May, BETTER FINANCE’s Managing Director Guillaume Prache was quoted on issues concerning the situation for French retirement savers, in light of a new bill expected in the Council of Ministers in June, said in the article as leaning in favour of asset managers. To
In 2014, BETTER FINANCE, had asked ESMA to carry out an EU-wide investigation on closet indexing. At the beginning of February 2016, ESMA eventually released results of its investigation but failed to disclose those funds that were uncovered by its investigation as potentially falsely active. BETTER FINANCE therefore decided to replicate the research by ESMA
The number of potential closet trackers identified by Investment Adviser research has declined substantially in the past 12 months, from 15 in 2015 to just four. Research into closet trackers has grown more popular, with Morningstar recently releasing a study of the active share of European large-cap funds between 2005 and 2015 that shows 20.2
Today the German regulator became the latest in Europe to launch an investigation into its domestic asset management market to determine whether local companies mis-sold funds to retail clients. Guillaume Prache, managing director of BETTER FINANCE, the investor rights group that called on Esma to investigate closet tracking in 2014, commented that the German regulator’s
Ziarul Financiar, a Romanian newspaper, reports on the private pension situation in Romania. Romanians are likely to on average accumulate €17,000 during their lifetime through private pension plans. This amount would last them for just 4 years into retirement, reports the newspaper. This news comes despite the fact that Romanian private pensions had some of
Following the European Parliament’s vote in favour of the proposal to revise the Shareholders Rights Directive onJuly 8, Arnaud Houdmont from BETTER FINANCE brought attention to BETTER FINANCE’s concerns regarding the "say on pay" rule approved by MEPs in an article in French daily L’Agefi. Since the rule stipulates that it is up to each member state to decide whether a vote on remuneration
BETTER FINANCE’s "Pension Savings: The Real Return" was mentioned in an article in L’Argus d’Assurance.com. The findings of the report echoed in the French media following our press conference in Paris on October 30. The event, organized by FAIDER, the Fédération des Associations Indépendantes de Défense des Epargnants pour la Retraite and BETTER FINANCE’s French member organization,