According to a new research by Evercore Pan-Asset, investment managers of UK pensions funds are “wasting” more than 6 billion pounds a year by investing in actively managed equity, bond and property funds rather than cheap and better performing passive funds. The greater difference between the average gulf passive and active and the fees alone
Protests broke out in front of the Central Bank of Spain in reaction to the repeated abuse by banks and the fraud at the heart of the financial system. At the core of the protests is the Bankia case. In 2011, 347.000small investors bought Bankia shares for pension investment purposes. When about a year later
Whereas hedge funds performed comparatively well during the financial crisis, the unstable post-recovery market has seen equity hedge funds producing profits of less than 15 per cent. According to data ranging from 2010 to 2013 hedge funds did not manage to beat overall stock markets and mutual funds’ performance. Equity hedge funds have produced just
On 17 May, the European Bank Authority launched a Call for expression of interest to prepare a renewal of its Banking Stakeholder Group (BSG), which has been established to help facilitate EBA’s consultation with stakeholders. The ‘Call for expressions of interest’is open to candidates representing stakeholders across the European Union. The deadline for application is
At the EuroFinUse General Assembly, on 25 March 2013, Jean Berthon was elected as President to head the one and only organization dedicated to defend the rights of financial users. On January 1st 2013, Euroshareholders and EuroFinUse – the two European organizations representing individual shareholders, investors, savers and other financial services users – merged to
EU commissioner Algirdas Šemeta has described the European council’s decision to introduce a financial transaction tax (FTT) as a "major milestone". The council’s decision, adopted on Tuesday 22 January, authorises 11 member states to push ahead with implementing an FTT through "enhanced cooperation", and it now falls on the commission to make a proposal defining
EuroFinuse will present the views of financial services users on ‘sales practices and disclosure for long-term products’ at the upcoming CEPS conference on "Supporting long-term investing and retirement savings" which will take place on 7 December 2012 in Brussles. The conference is the second meeting of the CEPS-ECMI Task Force that aims at fostering the
BETTER FINANCE and EU citizens as pension savers and individual investors, by their very nature, are strong supporters of ‘sustainable finance’: they are parents and citizens who want to leave a greener and better planet for their children, whose main saving goals – such as retirement, housing and transmission of wealth – are long-term oriented
The global pensions gap is currently estimated at $70 trillion and forecasted to mushroom to $400 trillion by 2050: this is by far the biggest financial issue facing EU citizens, their children, and grandchildren. With government pensions on the decline, and occupational ones covering only a minority of citizens and pension needs, all Public Authorities
One year into the project, how is the CMU faring for EU citizens as savers? Today BETTER FINANCE presented its CMU Barometer© in order for citizens to track its progress. One year after the launch of the CMU Action Plan, and almost sixty years after the Treaty of Rome, key indicators that track the performance