There is still a significant impact on investment returns for retail investors due to costs that are on average 40% higher than for institutional investors, Europe’s financial watchdog says. The costs paid by retail investors are “significantly higher” than those paid by institutional investors, leading to lower net returns, said Steven Maijoor, chair of the

Brussels, 7 April 2020 – The continued spread of the COVID-19 virus around the world and the emergency confinement measures have severely disrupted capital markets. EU Citizens in their capacity as investors and savers are already feeling the squeeze and will be among the first in line to suffer from the economic and financial fallout

BETTER FINANCE welcomes this public consultation from ESMA (even if its language and content are not intelligible to EU citizens as individual investors) since the lack of transparency on the dominant “dark” venues represents a serious detriment to individual investors and the real economy. Although the purpose of MiFID II/MiFIR and the new systematic internaliser

[…] The undersigned associations are writing to emphasise the importance of keeping the European financial markets open during this extraordinary time of the COVID-19 health crisis. Financial markets are critical infrastructure for the European economy. The markets continue to serve the needs of participants to raise capital, manage investments, access cash and manage risk that

Digitalisation and new technologies are significantly transforming the European financial system and the way it provides financial services to Europe’s businesses and citizens. Key areas of reflection include deepening the Single Market for digital financial services, promoting a data-driven financial sector in the EU while addressing its risks and ensuring a true level playing field,

Pension investors risk overpaying tens of thousands of pounds in fees as “shameful” industry practices make it hard for customers to identify and compare charges. […] Opaque and complex fee structures make it extremely difficult for investors to work out what they might pay, or to compare different providers. […] Holly Mackay, founder of Boring Money, an independent

BETTER FINANCE congratulates the Norwegian Consumer Council (NCC) on its historic collective redress victory in the name of individual fund investors in Europe. On Friday 28 February, the Supreme Court of Norway unanimously upheld the 2019 decision of the Oslo Court of Appeals obliging DNB ASA, Norway’s largest financial services group, to pay back the

The European Commission is probing the effectiveness of the product governance rules introduced to the industry in 2018 in its latest consultation on the Markets in Financial Instruments Directive (Mifid). […] In a 94-page consultation document, published yesterday (February 26), the commission stated there was some debate over the efficiency of product requirements and asked participants

The fall in global equity and oil prices seen on Monday – and a simultaneous surge in the gold price – shows how investors have been complacent with regards to the coronavirus. The disease – which has spread outside of China – is impacting global markets in a way that was “underestimated”, according to Nigel

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, published its Strategy on Sustainable Finance. The strategy sets out how ESMA will place sustainability at the core of its activities by embedding Environmental, Social, and Governance (ESG) factors in its work. The key priorities for ESMA include transparency obligations, risk analysis on