Guillaume Prache, Managing Director at BETTER FINANCE, was quoted on www.efinancialnews.com on the high fees fund managers charge for active management while effectively following much cheaper passive strategies. UK and European financial regulators are now taking matters further after an investigation by the Danish financial services authority found nearly 30% of fund management teams that may have been engaged in so
Guillaume Prache, Managing Director at Better Fiannce, was quoted in the Financial Time on the postponement of the vote on the regulations aimed at setting tougher standards for benchmarks such as Euribor and the improvement of investor protection. The vote, expected last week, was postponed following last-minute legal objections from the Social Democrat and Green political parties. Being one
EuroFinUse was quoted by the Financial Times in relation to the European Securities and Markets Authority recent report on structured products. Following "relatively low” returns on investment in structured products over the past five years, ESMA is concerned that retail investors who invest in structured products that use hedge fund-type strategies might not have sufficient
The European Commission’s (EC) High-Level Expert Group on Sustainable Finance (HLEG) initiated a questionnaire following the publication of the interim report on sustainable finance, to which PensionsEurope also provided its input. The purpose of the HLEG is to deliver recommendations to the EC on how to: ‘better integrate sustainability considerations in the EU’s financial policy’;
Over the recent months the Stichting Volkswagen Investors Claim has been very active in pursuing the interests of investors that have suffered damages from “Dieselgate”. The Foundation recently sent out a letter to provide interested parties with an update of the most recent developments and inform them about possible ways in which to pursue claims
Vanguard, the fund management house famed for low-cost index tracker funds, is now piling pressure on European active houses by launching four relatively cheap active funds. Two funds investing in global equities will charge 60 basis points (bps) and an emerging market equities fund will cost 80 bps. Although Vanguard is known for its passive
Following a masterpiece of transnational investigative journalism, the Süddeutsche Zeitung, Le Monde and the International Consortium of Investigative Journalists (ICIJ) made their report public, containing an enormous amount of leaked data on offshore companies in Panama. The documents provide details of Mossack Fonseca’s role at the centre of the secretive financial dealings of more than
Average Wall Street bonuses dropped 9 percent in 2015, according to the New York State Comptroller. More than half a million banking jobs have been eliminated around the world since the 2008 crisis. But it’s not just about people losing their jobs or making less money; the contraction should be troubling for anyone concerned with
European parliamentarians have been urged not to back any draft of the revised IORP Directive requiring full funding of pension fund liabilities; ahead of a crucial vote to decide the chamber’s final negotiating position. The call comes ahead of a vote by the European Parliament’s Economic and Monetary Affairs Committee (ECON), which is set to
A new EU directive setting out the framework for regulating the sale of insurance products was approved by the European Parliament on 24 November 2015 and should make it easier for firms to trade cross-border. The Insurance Distribution Directive (IDD) will now have to be implemented by Member States within the next two years. The