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
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%
Towards the end of 2017 Deutsche Bank announced that it will rebrand its asset management division, Deutsche Asset Management. The division is soon to be floated as a partnership limited by shares, or a KGaA (Komandit), a corporate structure that will give minority shareholders limited influence over the entity. The IPO is about to be
Volkswagen pleads guilty and will pay $4.3 billion to settle with the US Department of Justice (DoJ), bringing the total cost of this fraud to $20 billion. Six high-ranking executives have been indicted by the DoJ and the former US Head of Compliance, Oliver Schmidt, has been arrested in the US. It shows the willingness
The OECD Forum was held in Chile and focused on the theme of “lost productivity worldwide”. The international organization published a report entitled "link between productivity and inclusiveness" ahead of the forum. In this report the OECD points out that among the many challenges facing our economies, the biggest barrier to improving economic performance is
Following a year of efforts by DSW, BETTER FINANCE member and Germany’s largest investor association, Deutsche Bank has agreed to undergo a special investigation by an external auditing firm. The audit will serve to determine whether the current risk control systems of the bank are sufficient and able to determine legal risks that could lead
A new report by the Department of Business, Innovation & Skills (BIS) has found that many UK private investors are unaware of the different shareholding options available and the shareholder rights attached to each option. There are three main ways shares can be held in companies: Certificated – you hold a paper share certificate as