Etichetă: latest news

Final EU Compromise on European Personal Pensions: good news for EU Pension Savers, but beware the imbedded “Capital Guarantee” Scam

With a global pension gap forecasted to mushroom to $400 trillion by 2050 and income replacement rates decreasing, EU citizens are increasingly asked to rely on personal pension products to complement the insufficient government-sponsored mandatory and occupational pension plans. Unfortunately, independent research by BETTER FINANCE into the real net returns

ESAs Advice on PRIIPs is Well-Intentioned, but Misses on Key Issues

12 February 2019 – BETTER FINANCE welcomes the final report of the European Supervisory Authorities’ Joint Committee (ESAs JC) to the European Commission (EC) on targeted amendments to the PRIIPs Level 2 legislation.1 These proposals fall in line with some of BETTER FINANCE’s positions, but unfortunately do not solve the

European Authorities remain mostly blind when it comes to the Past Performance and Costs of Long-term Savings Products, despite first reports ever released

23 January 2019 – Long-term retail savings are the only EU consumer products for which consumers and Public Supervisors don’t have a clue as to their future performance, they don’t even know what their past performance has been. On 10 January 2019, following a 2015 request by BETTER FINANCE[1], the

French savers again excluded from the governance of the French financial supervisory authority (AMF)

The French Government, the National Assembly and the Senate have just appointed the new members of the AMF’s supervisory body. Yet again the public authorities decided to favour candidates from the financial industry and listed companies and excluded all qualified candidates from organisations representing French savers. For the third time