Conference: is it time to ban commissions in financial advice?
BEUC NEWS - 7.10.2019
BEUC is co-organising a conference with influential EU-level think-tank CEPS and the European Capital Markets Institute to look at what needs to be done to better protect consumers in retail finance.
One of the solutions, BEUC believes, is to urgently ban the kickbacks that financial advisors receive to promote certain investment products to consumers. As a result, the products that consumers purchase are not necessarily always in their interest, which leads to them losing money and trust in financial advisers.
The conference ‘Capital Markets Union: Refocusing the agenda on retail investors’ will be an opportunity to also look at whether transparency on cost/performance of products has improved outcomes for consumers, whether policy makers should favour certain products and investment strategies over others, or whether supervision across the EU needs improving.
Come and join us for this exciting event and find out what the ban on kickbacks in the Netherlands and the UK has achieved, and why it’s time to do the same at EU level.
28 November 2019, 13:00-14:30
CEPS - Centre for European Policy Studies, 1 Place du Congrès/Congresplein, 1000 Brussels
- Monique Goyens, Director General, The European Consumer Organisation - BEUC
- Paolo Sodini, Professor of Finance, Stockholm School of Economics
- Sven Gentner, Head of Unit, Asset Management, DG FISMA, European Commission
- Michael Gruener, Head of EMEA Retail, BlackRock
- Salvatore Gnoni, ESMA
Moderated by: Karel Lannoo, CEO, CEPS and General Manager, ECMI
To register for the event, click here.
Read our factsheet on why we need independent advice.
Read our position paper on why it’s time to ban the kickbacks in financial advice.