Date: 5th October 2016
Author:
Type: In the news
On 14 January, MEP Sharon Bowles, Chair of the European Parliament's Economic and Monetary Affairs Committee, demands to put an end to high street bank's astronomical investment fees. Ms Bowles said that "the idea of the Retail Distribution Review (RDR) was for greater transparency on investment fees with an underlying objective to ensure proper value for money for investors. If it does nothing to stop some high street banks from ripping investors off with astronomical advice charges then something has to be done. This is not a cash cow to milk to pay the fines and compensation that banks have had to pay for other inappropriate charges and behaviour."
Read MEP Sharon Bowles' full statement here.