BETTER FINANCE - European Federation of Investors and Financial Services Users

𝐈𝐬 𝐲𝐨𝐮𝐫 𝐫𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐚𝐭 𝐫𝐢𝐬𝐤?  BETTER FINANCE’s12th Annual Pensions Report reveals alarming trends that could impact your retirement security. Join us on 5 November for an exclusive Virtual Press Conference where we’ll reveal critical findings from our latest report. Here’s what you can expect: ✅  Asset Allocation Alarm: Discover why most pension products are missing the mark and how savers can adjust their investments for better financial outcomes.  ✅  The Cost Conundrum: Hidden fees are draining savings and undermining retirement security. Learn the true cost of these fees and how they impact long-term returns.  ✅ Inflation: The Silent Retirement Killer: Inflation is eroding savings faster than expected. We’ll discuss strategies to ensure your pension keeps up with rising costs.  ✅ Transparency Issues: Lack of clear communication is leaving pension savers in the dark. Find out how the industry’s transparency gaps are impacting your financial security.    This press conference is a must-attend for journalists, financial professionals, and anyone interested in retirement security. 🔗 Register now to secure your spot: https://lnkd.in/e25QAGjk  

Guillaume Prache, Senior Advisor at BETTER FINANCE, participated in the 13th 𝐀𝐧𝐧𝐮𝐚𝐥 𝐐𝐄𝐃 𝐄𝐔 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 held in Brussels.    During the panel on The Future of European Financial Regulation, speaking alongside representatives from the European Commission, European Parliament, Euronext Amsterdam, and J.P. Morgan, Prache emphasised the urgent need to enhance the EU’s financial market competitiveness. He echoed Mario Draghi's call for decisive action, highlighting Europe's decline in technology, productivity, and income growth compared to the US and China. "Europe must act quickly and massively," Prache stated, supporting Draghi's conclusion: "Do this, or it's a slow agony." He stressed that to avoid this decline, "we must mobilise the much larger pool of private capital—citizens' savings—to support real economic needs such as the environmental and digital transitions, as well as adequate pensions." Key points from his intervention:  ✔️ Establishing the 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 & 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐔𝐧𝐢𝐨𝐧 as noted in Enrico Letta’s Report. According to Prache, mobilising citizens savings for real economic needs such as the environmental and digital transitions is crucial for Europe's financial growth.  ✔️ Prache advocated for simple, transparent, 𝐫𝐞𝐭𝐚𝐢𝐥-𝐟𝐨𝐜𝐮𝐬𝐞𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 like the US IRA. He called for an effective #SingleMarket for savings and investments.  ✔️ As a long-term promoter of retail investors’ interests, Prache called for enforcement of regulations and clear, comparable disclosure of investment performance to protect savers.  BETTER FINANCE believes it is vital to take bold steps to strengthen Europe’s financial sector and ensure a better future for both businesses and citizens.  Photo©: QED Brussels #SavingsandInvestmentUnion #FinancialRegulation #RetailInvesting

📢 Press Release 📢 Did you know that online investment fraud is one of the 𝐟𝐚𝐬𝐭𝐞𝐬𝐭-𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐭𝐡𝐫𝐞𝐚𝐭𝐬 𝐭𝐨 𝐄𝐔 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬? Despite advancements in digital security, many are still falling victim to scams that can lead to devastating financial losses. Recent findings indicate that 67 𝐟𝐫𝐚𝐮𝐝𝐮𝐥𝐞𝐧𝐭 𝐞𝐧𝐭𝐢𝐭𝐢𝐞𝐬 𝐚𝐫𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐭𝐚𝐫𝐠𝐞𝐭𝐢𝐧𝐠 𝐄𝐔 𝐜𝐢𝐭𝐢𝐳𝐞𝐧𝐬, 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐚 𝐬𝐭𝐚𝐠𝐠𝐞𝐫𝐢𝐧𝐠 1.3 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐆𝐨𝐨𝐠𝐥𝐞 𝐬𝐞𝐚𝐫𝐜𝐡 𝐢𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐨𝐧𝐬 𝐰𝐢𝐭𝐡𝐢𝐧 𝐚 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐭𝐢𝐦𝐞𝐟𝐫𝐚𝐦𝐞. BETTER FINANCE calls on regulators, technology companies, and financial institutions to take decisive action to protect investors from these malicious operations. Check our latest press release to discover the 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬, 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐠𝐚𝐩𝐬, and the 𝐮𝐫𝐠𝐞𝐧𝐭 𝐧𝐞𝐞𝐝 𝐟𝐨𝐫 𝐚𝐜𝐭𝐢𝐨𝐧 to safeguard European investors from online scams.  Read here: https://lnkd.in/ennCaJS5

Join BETTER FINANCE as we unveil the 12th Annual Pensions Report. This year’s report highlights a 𝐭𝐫𝐨𝐮𝐛𝐥𝐢𝐧𝐠 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐭𝐫𝐞𝐧𝐝 that underscores the precarious state of pensions.  In our decade-long efforts to advocate for pension savers across Europe, we have uncovered worrying long-term trends that require urgent attention.  This year’s report will provide critical insights into:  ✅ The systemic issues affecting European pension savings.  ✅ How hidden costs, inefficiencies in asset allocation, and inflation threaten retirement security and long-term savings.  ✅ The solutions and reforms needed to protect savers. Be the first to get the data - 𝐣𝐨𝐢𝐧 𝐮𝐬 𝐚𝐭 𝐭𝐡𝐞 𝐯𝐢𝐫𝐭𝐮𝐚𝐥 𝐩𝐫𝐞𝐬𝐬 𝐜𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞: https://lnkd.in/e25QAGjk

During the 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐅𝐮𝐭𝐮𝐫𝐞𝐬: 𝐏𝐫𝐨𝐦𝐨𝐭𝐢𝐧𝐠 𝐒𝐡𝐚𝐫𝐞𝐡𝐨𝐥𝐝𝐞𝐫 𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐋𝐢𝐭𝐞𝐫𝐚𝐜𝐲 conference, Jella Benner-Heinacher, President of BETTER FINANCE, highlighted the ongoing importance of the #EuropeanGreenDeal. While the focus of the incoming EU Commission and EU Parliament has shifted towards the competitiveness of EU markets, she emphasised the critical role of 𝐄𝐒𝐆 𝐩𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞𝐬 and that of 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐚𝐧𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 in financing the Green Deal. In her keynote speech, Benner-Heinacher stressed the necessity of 𝐬𝐡𝐚𝐫𝐞𝐡𝐨𝐥𝐝𝐞𝐫 𝐞𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭 in achieving climate neutrality through 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. She presented the results of several studies conducted by BETTER FINANCE and its member organisations in 🇩🇪 Germany, 🇮🇹 Italy, and 🇫🇷 France, which revealed that private investors are increasingly demanding 𝐭𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 and 𝐜𝐥𝐞𝐚𝐫 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧 from companies on their climate strategies. Key takeaways:  ✅ Financial markets play a crucial role in funding sustainable initiatives.  ✅ Shareholders seek greater transparency on companies' climate strategies.  ✅ Engaging both experienced and inexperienced investors is essential to fostering trust in sustainable finance.    Through research, advocacy, and partnerships, BETTER FINANCE is committed to empower shareholders with the tools and knowledge that allows them to actively engage in financing a sustainable future. We extend our gratitude to New Savers and World Federation of Investors for hosting such an important event.

📢 Our International Conference in Milan is now underway! Join us online and tune in via our live stream on YouTube: https://lnkd.in/eVybjB2S

Aleksandra Mączyńska, the Managing Director of BETTER FINANCE, joined industry leaders at the 𝐉𝐨𝐢𝐧𝐭 𝐄𝐒𝐀𝐬 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐃𝐚𝐲 to discuss how the sustainable finance regulatory framework can benefit retail investors. During the panel discussion, Mączyńska stressed that retail investors are indeed interested in investing in sustainable finance products. Citing data from BETTER FINANCE’s studies, she highlighted that a growing number of retail investors aim to invest in sustainable finance products, not only to contribute to the environmental and climate mitigation efforts, but also to grow their personal capital. However, retail investors are questioning the 𝘵𝘳𝘶𝘴𝘵𝘸𝘰𝘳𝘵𝘩𝘪𝘯𝘦𝘴𝘴 𝘢𝘯𝘥 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘰𝘧 𝘵𝘩𝘦𝘴𝘦 𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘴. Mączyńska emphasised that 66 per cent of 𝐫𝐞𝐭𝐚𝐢𝐥 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐝𝐢𝐝𝐧’𝐭 𝐟𝐨𝐥𝐥𝐨𝐰 𝐭𝐡𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐚𝐝𝐯𝐢𝐜𝐞 of their advisers, mainly due to a lack of trust in the competence of financial advisers and concerns about how well that advice aligned with their interests. She stressed that the objective for all market stakeholders, including supervisors, should be to ensure this interest is not undermined by mis-selling scandals or other actions that erode private investors' trust. #JECPD2024 #consumerprotection #financialservices European Banking Authority (EBA) European Securities and Markets Authority (ESMA) European Insurance and Occupational Pensions Authority (EIOPA)

With just one day to go, anticipation is growing for our upcoming conference: 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥𝐅𝐮𝐭𝐮𝐫𝐞𝐬: 𝐏𝐫𝐨𝐦𝐨𝐭𝐢𝐧𝐠𝐒𝐡𝐚𝐫𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭𝐚𝐧𝐝𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥𝐋𝐢𝐭𝐞𝐫𝐚𝐜𝐲 Can't make it to the conference venue? No worries! You can join us virtually and have a front-row seat to discussions on the future of sustainable and personal finance with thought leaders, experts, lawmakers, and fellow finance enthusiasts. This event offers a unique chance to stay informed, whether you’re a professional in the field or simply interested in the latest trends.   Tune in from anywhere via our 𝐥𝐢𝐯𝐞 𝐬𝐭𝐫𝐞𝐚𝐦 𝐨𝐧 𝐘𝐨𝐮𝐓𝐮𝐛𝐞: https://bit.ly/milan24-yt   *𝘐𝘧 𝘺𝘰𝘶 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘳𝘦𝘤𝘦𝘪𝘷𝘦 𝘢𝘯 𝘦𝘮𝘢𝘪𝘭 𝘯𝘰𝘵𝘪𝘧𝘪𝘤𝘢𝘵𝘪𝘰𝘯 𝘣𝘦𝘧𝘰𝘳𝘦 𝘵𝘩𝘦 𝘦𝘷𝘦𝘯𝘵 𝘴𝘵𝘢𝘳𝘵𝘴, 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘦𝘷𝘦𝘯𝘵 𝘩𝘦𝘳𝘦: https://lnkd.in/eFR7mMan

📢 Mairead McGuinness, European Commissioner for Financial Services, Financial Stability, and the Capital Markets Union, spoke at the POLITICO Europe "Competitive Europe Summit." Looking ahead to the next EU legislative term, BETTER FINANCE fully supports Commissioner McGuinness' view: "𝘊𝘰𝘮𝘱𝘦𝘵𝘪𝘵𝘪𝘷𝘦𝘯𝘦𝘴𝘴 𝘪𝘴 𝘯𝘰𝘵 𝘢𝘣𝘰𝘶𝘵 𝘤𝘶𝘵𝘵𝘪𝘯𝘨 𝘦𝘷𝘦𝘳𝘺 𝘳𝘶𝘭𝘦 𝘢𝘯𝘥 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘪𝘰𝘯..." It's about refining regulations to improve them and ensuring they are well implemented. We also join the Commissioner in urging co-legislators to take decisive action on completing the 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐚𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐔𝐧𝐢𝐨𝐧 right at the start of the new 5-year mandate! #PoliticoCompetitiveWeek #Finance #SavingsUnion #InvestmentUnion #Competitiveness #EUlegislation

𝐓𝐢𝐫𝐞𝐝 𝐨𝐟 𝐨𝐧𝐥𝐢𝐧𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐬𝐜𝐚𝐦𝐬? We all are! According to the latest research by BrokerChooser, 67 𝐟𝐫𝐚𝐮𝐝𝐮𝐥𝐞𝐧𝐭 𝐞𝐧𝐭𝐢𝐭𝐢𝐞𝐬 were identified in Europe, with 5 EU member states—Germany, France, Poland, Italy, and the Netherlands—accounting for 86.4% of the search volume related to these scams. To combat the growing world of investment scams, BrokerChooser has developed tools such as 𝐒𝐜𝐚𝐦 𝐁𝐫𝐨𝐤𝐞𝐫 𝐒𝐡𝐢𝐞𝐥𝐝 and 𝐒𝐜𝐚𝐦 𝐁𝐫𝐨𝐤𝐞𝐫 𝐀𝐥𝐞𝐫𝐭 to assist users in verifying the legitimacy of financial service providers.   👉 For more novel insights join BrokerChooser on 2𝐧𝐝 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝐚𝐭 2 𝐏𝐌 𝐂𝐄𝐓 for a panel discussion, where experts will explore the online investment scams sweeping across Europe. Key topics we will cover include:  ✅ The alarming scale of investment fraud in Europe  ✅ Hotspots: Countries most affected by scams  ✅ Profiles of the most active scam-like entities targeting investors    The panel will explore BrokerChooser’s latest research paper "𝘜𝘯𝘮𝘢𝘴𝘬𝘪𝘯𝘨 𝘋𝘪𝘨𝘪𝘵𝘢𝘭 𝘋𝘦𝘤𝘦𝘱𝘵𝘪𝘰𝘯: 𝘈 𝘋𝘢𝘵𝘢-𝘋𝘳𝘪𝘷𝘦𝘯 𝘈𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘵𝘰 𝘔𝘢𝘱𝘱𝘪𝘯𝘨 𝘢𝘯𝘥 𝘊𝘰𝘮𝘣𝘢𝘵𝘪𝘯𝘨 𝘖𝘯𝘭𝘪𝘯𝘦 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘍𝘳𝘢𝘶𝘥 𝘪𝘯 𝘌𝘶𝘳𝘰𝘱𝘦" in detail.    🔗 𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐩𝐚𝐧𝐞𝐥 𝐨𝐧𝐥𝐢𝐧𝐞: https://lnkd.in/e6mNQuWC     🔗 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐔𝐧𝐦𝐚𝐬𝐤𝐢𝐧𝐠 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐃𝐞𝐜𝐞𝐩𝐭𝐢𝐨𝐧 𝐫𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/ewtK_X7j    🔗 𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 www.brokerchooser.com #BrokerChooser #InvestmentFraud #ScamBroker