24 September 2020 – BETTER FINANCE releases the eighth edition of its report on the Real Return of Long-Term and Pension Savings, which marks a new milestone for the series, since it is the first to cover 20 years of historical track record for retirement provision vehicles. At the same time, the report comes against
BETTER FINANCE published the eighth edition of its “The Real Return – Long-term and Pension Savings – 2020 Edition”. Download the report in English for free here. Should you like to order a physical copy please contacts us at info@betterfinance.eu. This year there is also a simplified booklet of the Pensions Report with the main
24 September 2020 – The European Commission’s (EC) Directorate-General for Financial Services, Financial Stability and Capital Markets Union (DG FISMA) published a third action plan to build a Capital Markets Union (CMU) – this time for “people and businesses” – which sets 16 policy and regulatory objectives in order to “finally complete the Capital Markets
PEPP only called into question by finance industry due to high costs for intermediaries 22 September 2020 – The latest draft of the Pan-European Personal Pension (PEPP) delegated (level 2) regulation was up for discussion last Friday during a broad and well-attended conference on the issue of PEPP and Financial Repression organised by consumer organisations
Brussels, 11 September 2020 – On 10 October 2014, BETTER FINANCE wrote to ESMA[1] to ask for an investigation into the issue of falsely “active” funds, a practice also known as “closet indexing”. Today, it praises ESMA for its considerable efforts towards addressing the issue. Indeed, on 9 September, ESMA published a Working Paper on
The InsurTech wave of innovation introduces and transforms existing business models. The extensive use of third-party providers and outsourcing may lead to both as well as a possible fragmentation of the insurance value chain. Nonetheless, several incumbent insurance-related companies, more or less have become software companies. The degree of this transformation is marked by the
This document contains the response of BETTER FINANCE to the European Commission’s online survey (public consultation) concerning the consultation on the renewed sustainable finance strategy. BETTER FINANCE considers that the regulation on disclosures relating to sustainable investments and sustainability risks and amending Directive (EU) 2016/2341 is extremely important to clarify fiduciary duties and increase the
The Commission is currently developing the EU Ecolabel for Retail Financial Products within the framework of the Sustainable Finance Action Plan. The Joint Research Center (JRC) has presented a proposal discussed at the stakeholder meeting on 25 and 26 March to which we provide comments in this paper. The current climate and environmental crises plead
The EU Commission intends to update the current Consumer Agenda (2012), which expires in 2020, to address the role of consumers in the post-crisis economic recovery, as expressed in the EU’s recovery plan adopted on 27 May 2020. BETTER FINANCE welcomes the roadmap on the New Consumer Agenda, which identifies a number of challenges and issues
Back in November 2017 we formed an Alliance to voice our disappointment with the European Commission’s proposal for the review of the European Supervisory Authorities (ESAs), and to make proposals to remedy the situation. The Alliance reiterated its main concerns in a joint statement in July 2018, following the report on the review by the