EuroFinUse published a press release today. We praise the Eurogroup statement from late Monday in favor of fully guaranteeing deposits below EUR 100,000. Moreover, we believe bank depositors should not pay for the excesses of the banking industry and or governments. Therefore, depositors need to be protected from bearing the bulk of the Cypriot rescue
On 14 January, MEP Sharon Bowles, Chair of the European Parliament’s Economic and Monetary Affairs Committee, demands to put an end to high street bank’s astronomical investment fees. Ms Bowles said that "the idea of the Retail Distribution Review (RDR) was for greater transparency on investment fees with an underlying objective to ensure proper value
After failed negotiations on Thursday night EU heads of government have resumed their talks today in order to bag a deal on the EU budget, which will cover roughly €1,000bn in spending from 2014 to 2020. EU President Hermann van Rompoy tried in vain to "break the deadlock over the EU long-term budget by restoring
30 October 2017 – BETTER FINANCE thanks ESMA for its study on the impact of fees and inflation on fund performance. The ESMA study is yet another confirmation of the independent research published every year by BETTER FINANCE on the real return of long-term and pension savings. BETTER FINANCE is also happy that ESMA is
08 June 2017 – There is an abundance of investable private capital in Europe, with households desperately looking for positive real returns on their long-term savings in an ongoing climate of low interest rates, high fees, high complexity of investment products and financial repression. BETTER FINANCE fully supports the CMU initiative as it places EU
In its final advice to the European Commission (EC) on the further development of a single European Union market for personal pension products (PPPs), the European Insurance and Occupational Pensions Authority (EIOPA) stressed that attempts to harmonise existing Directives and rules across the different sectors and EU Member States would be counter-productive and unnecessarily complicate
Savings accounts still constitute the most widely-used (35% of all financial savings of EU household ) financial products in Europe and together represent roughly € 10 trillion of household savings. Unfortunately EU citizens are now losing money in 11 out of 18 Member States studied in a new report, with negative real returns on their
The outlook for European citizens saving money for their pensions is far from encouraging. Although lower inflation rates across the EU slightly improved real returns, current low interest rates (lower still following the latest ECB cut down to 0,05%) combined with heavy fees render pension savings markets extremely vulnerable to even the slightest increase in
Brussels, 25 October 2013 – For the first time Financial Repression was the topic of an international conference organised in Vienna, attended by prominent authorities from the world of finance. Financial Repression is broadly defined as anything Public Authorities do to force money to flow to the governments’ coffers instead of going into the real
On the 29th of April, the Financial Times published an article on the varying quality of advice for European investors, found by the EC`s "Study on the distribution systems of retail investment products". Commenting on the grim picture painted by the study, BETTER FINANCE Managing Director Guillaume Prache stated that: "It is difficult for individual