Guillaume Prache, Managing Director at BETTER FINANCE, was quoted in Investment Europe following his contribution to EFAMA’s report “Building Blocks for Industry Driven Investor Education Initiatives”. He stressed that "most consumers tend to be educated about finance at the point of sale, rather than at school". At the same time, Prache pointed out that "four decades ago, households
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,
Asset management companies may be turning into an “old boys club” according to recent research by State Street, a financial services company, highlighting the fact that pension funds and other big institutional investors employ more than twice as many women in senior investment roles. Women hold 19 per cent of senior investment roles at large investment companies compared to a measly 7%
In light of the Brexit negotiations and the finance industry’s concerns regarding their outcome, HM Treasury has released its revised version of the 2013 Investment Management Strategy (IMS), hedging for a negative scenario. The working paper aims at providing the necessary proposals and impetus for the British Government’s efforts to secure not only a safety
The president of ADAM (Association de Défense des Actionnaires Minoritaires) questions the willingness of Saint-Gobain to integrate all the results of the company Sika in the calculation of the variable part of the remuneration of the Group Management. Colette Neuville would like for this issue to be discussed by the AMF and the AFEP-MEDEF. Please
In December 2013 the subordinated bondholders in five Slovenian banks (NLB, NKBM, Abanka, Probanka and Factor Banka) were bailed-in to refinance these struggling institutions. The bail-in consisted of a complete wipe-out of all subordinated bonds with individual investors receiving no compensation and no legal means to challenge the bail-in decisions. Today the Pan Slovenian Investors’
Ageas, the Dutch shareholder association VEB and other plaintiff associations have reached an agreement on civil proceedings involving the former Fortis, for the 2007 and 2008 events. Ageas will pay 1.204 billion euros to “shareholders covered by the eligible transaction" "without acknowledging any fault," said Ageas in a statement. "We hope that those who are
True Potential, a financial services and technology organisation, undertook research on the phenomenon of robo advisors and what some hail as the end of face-to-face advice. They found that amongst those seeking financial advice, 61% of 16,000 consumers surveyed would still choose face-to-face professional advice compared to 32% who would opt for a digital advisory
The European Commission calls on consumers of financial services across all the Member States to share their experience with cross-border banking, insurance or other payment services by posting a short video by 18 March 2016. This social media campaign comes ahead of formal consultation on the remaining barriers in the internal market for financial services