Avoiding an EU commission ban will be beneficial for consumers says FECIF

Mark Battersby
clock • 1 min read

The EU Commission, with the recent publication of the Retail Investment Strategypackage, has responded to the request of FECIF and the entire industry by abandoning the idea of a full ban on commissions. The strategy has shifted its focus towards protecting savers and only imposes a ban on inducements for execution-only services. "The current model has been recognized as an excellence one, thanks to its characteristic of prioritising the concept of solutions, within a shared strategy, over that of products," said FECIF chairperson Vania Franceschelli. Franceschelli continued: "Euro...

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