Date: 19th May 2020
Author: BETTER FINANCE
Type: In the news
EU investment managers are pushing for the right to keep commissions for promoting financial products, as the bloc considers changes to its controversial Mifid laws that govern financial markets. Financial advisors hope that they can fend off a move by the Netherlands and consumer groups to totally ban third-party incentive payments across a broad range of retail investment, pension and insurance products.
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“Inducements by far create the most detriment to individual investors, and there’s ample evidence demonstrating that Mifid inducements rules have failed and that mis-selling continues unabated," BETTER FINANCE managing director Guillaume Prache told MLex.
Read the full article on MLex.