EuroFinUse has responded to the Autorité des Marchés Financiers (AMF) consultation on the AMF 2013-2016 Strategy. Our response is focused on the need for AMF to address the generalized loss of trust of retail investors in financial markets, and the need to address the value destruction of structured products sold to EU citizens.
The new European System of Financial Supervision set up following the financial crisis, that began in 2008, is certainly a great improvement from the previous coordination of national supervisors through European committees.
EuroFinUse welcomed this important Consultation from the European Commission as private pensions are one of the most problematic areas for EU consumers and individual investors. EuroFinUse is pleased that the European Commission is aware of some of the severe problems currently existing in the area of private pensions.
The European Federation of Financial Services Users welcomes the opportunity that the European Commission is giving to stakeholders to provide additional input through this public consultation before making its proposal for the reform of the EU banking sector structure.
EuroFinUse has provided Mr Philippe Maystadt with the views of retail investors on accounting standards, the principles they should contain and the need to count with international account standards that protect the interests of investors.
EuroFinUse called on the Members of the European Parliament to put an end to performance fees of investment funds being only a one-way street, benefitting only providers and to the detriment of retail investors.
The European Federation of Financial Services Users releases its research report on the real return of pension savings. This research confirms, broadens and deepens the OECD 2012 Pensions Reportconclusions which revealed negative real returns on average for pension funds. Our research adds other pension savings than pension funds, includes France (not covered by the OECD
Recent OECD statistics have cast a dark shadow over the aspirations of private pension savers. Over the last 5 years, real returns from private pension funds after inflation have been negative in many EU Member States. They have failed to hold their purchasing power, setting a gloomy outlook for tomorrow’s pensioners. However, the OECD research
EuroFinUse welcomed this Consultation on Long-Term Financing of the European Economy and we praised the European Commission for focusing on this fundamental economic objective. The promotion of long term investments in Europe has been indeed often overlooked in recent EU financial policy making, as well as the issue of the consistency of the regulatory financial
EuroFinUse welcomes the workshop organized by the European Commission on this very important emerging trend in financial services. EuroFinUse also thanks the Commission to invite a retail user representative to the speakers table. Financial services users, savers and retail investors are not opposed to innovation, particularly with regard to the emergence of Crowdfunding, which could