BETTER FINANCE believes that the CMU is about attracting household savings to put them to work for the long term financing of the European economy. Therefore, we invited several high-level speakers to share their views and discuss the concept of this initiative at our international conference on the 6th of May. In his speech, Commissioner
BETTER FINANCE generally strongly supports the Commission’s proposals for amendments to the Shareholders Rights Directive regarding long-term Shareholder engagement. Read here the concrete BETTER FINANCE requests to further improve the European Commission’s proposals.
On 26 March, EuroFinUse, the only organisation dedicated to defend the rights of European financial services users, organised a high-level conference on the audit reform, hosted by British MEP Sajjad Karim, to discuss the proposals linked to audit tenure, non-audit services policy, quality, transparency, pricing as well as those targeting the role of audit committees
Another article citing BETTER FINANCE’s work was published earlier this week by the Financial Times, reporting on the poor returns of pension funds in the E.U. Under the headline ‘Should the wealthy be worried about the pension penury ahead?’, Jeremy Woolfe quotes the Pension Savings Report: The Real Return (2017) in a piece looking into
In his Keynote speech at Bruegel on the Call for Evidence: "The impact of the EU regulatory framework for financial services", Commissioner Jonathan Hill, discusses his legacy and the future of EU regulations on financial services. Please read the full article here
The exchange traded fund arm of Invesco is weighing up the launch of a robo-advice platform in Europe following its acquisition of a US-based digital advisory firm Jemstep last January. Byron Lake, head of Invesco PowerShares for Europe, the Middle East and Africa, says the firm is “evaluating” whether it can offer a similar robo-advice
On the 19th of January 2016 a documentary focusing on savings and life insurance in France was broadcast on France 5. Amongst others, Guillaume Prache, Managing Director at BETTER FINANCE, was interviewed on the topic and brought up the story of the day he looked into the account statements from his mother who contributes to
In an article in the Financial Times, BETTER FINANCE takes issue with the new Key Investor Document (KID). By allowing investment product providers to use forecasts of future returns to tempt retail investors, the new regulation, expected to enter into force in 2016, is deemed a “potential catastrophe”. BETTER FINANCE had made great efforts to include past returns
Guillaume Prache, Managing Director of BETTER FINANCE, was quoted in the French financial magazine Challenges on Aviva’s "mistake" when in the 80s it issued life insurance products with an unusual feature – the ability to trade funds based on last week’s prices, a so called Fixed Price Abitrage Life Insurance. Under the terms of these insurance contracts, clients could effectively invest with hindsight since funds were available for a fixed price for a
BETTER FINANCE’s "Pension Savings: The Real Return" was mentioned in an article in RuConnect. The article focused on the British pension systems and how only rich pensioners are in the position to take advantage of changes on the pension tax system. "The majority of older Britons have very little savings (on average about 25 thousand