Retail Investment Package published – “The ban remains on the table”
Stockholm/Brussels, 25 May 2023
NFU reflects on the newly unveiled Retail Investment Package, which entails vital changes to the EU’s retail investment framework.
NFU welcomes this targeted overhaul of the legislative framework for retail investments. Carin Hallerström, NFU’s General Secretary: “This is an important step in the right direction. European and Nordic finance employees do need a more coherent legislative framework regardless of whether they work in banking or the insurance sector to provide suitable and personalised advise to consumers. We especially welcome the push for better and more training to ensure improved market outcomes and empower retail investors.” NFU is also welcoming that the European Commission has re-considered its plans to ban asset managers and insurers from paying financial advisors for recommending their investment products.
Press conference with Valdis Dombrovskis, Executive Vice-President of the European Commission, and Mairead McGuinness, European Commissioner, on new retail investment rules: EC AV PORTAL – Search results (europa.eu)