"Pension Savings: The Real Return" was mentioned in an article in The Telegraph. The article focus on how British pensions perform "worse than in most of Europe". BETTER FINANCE’s report shows savers’ pension funds are worth 10 per cent less than in 2000 due to high charges in the UK. BETTER FINANCE, which lobbies the EU on
Guillaume Prache, Managing Director at BETTER FINANCE, was quoted in the Investment and Pensions Europe magazine on the draft proposal of the Insurance Mediation Directive (IMD) voted last week at the European Parliament. With non-insurance pension products still left aside, the final version of the revised directive will enter in the trialogue phase, with negotiations
EuroFinUse was quoted by the Financial News on the Regulation for Key Information Documents (KID) for investment products. Juan Manuel Viver, EuroFinUse’s Policy Officer, spoke on the fragmentation of MEPs’ views on the scope for the KID Regulation. Read the full article here
The aftermath of the global financial crisis of 2008, followed in Europe by the sovereign debt crisis, mainly consisted in the adoption of new, more stringent economic and market discipline instruments for the Eurozone Member States. On top of that, crisis-response mechanisms have been put in place, such as the EDIS, the Single Resolution Fund,
Following the rejection by the Securities Market Agency (ATVP) of VZMD’s requests to participate in the takeover procedure initiated by Mlino in order to repurchase the shares of Mlinotest and to access the takeover procedure file, and following the permission granted by the agency for a takeover bid for the repurchase of Mlinotest shares at
Steven Maijoor was invited to the Financial News 20th Anniversary Awards for Excellence, 1996 – 2016 at the Victoria and Albert Museum in London. In his speech, Steven Maijoor stated ESMA’s key priorities for the next years; • completing the Single Rulebook;• moving to a ‘supervisory convergence’ or more prosaically, the ‘implementation stage’;• looking at
Regulators and supposedly some shareholders are worried about high pay in the ever-powerful investment industry. Corporate governance teams at these fund houses are sometimes happy to criticise excessive pay at big media companies (WPP), or labour issues at big retailers (Walmart), or the lack of board diversity at big commodity conglomerates (Glencore), but they seem
America’s financial technology industry has exploded in recent years, but regulators have not kept pace. This is partly because of the country’s outdated patchwork of state rules. However, Britain and other countries are further ahead in addressing this emerging sector in a fresh way. Creating a modern, federal agency to oversee these companies is a
In a decision that could affect tens of thousands of investors in Spain, the Supreme Court has ruled that Spanish lender Bankia has to reimburse two plaintiffs who invested €9,997 and €20,868 respectively when the bank was floated. This will probably pave the way for other investors who lost money on their investments to pursue
On 18 November, EIOPA organized its annual conference in Frankfurt. This year the main topics were supervisory convergence, reinforcing preventive consumer protection and preserving financial stability. The more than 370 participants attended three sessions on: “Countdown to Solvency II”, “Retirement savings in the 21st century” and “Evolving insurance business models”. However, consumer advocacy groups were