Insurance Distribution Directive framework finalised
The details of the Insurance Distribution Directive (IDD), which is designed to boost the cross-border trade of insurance products, have been finalised.
FECIF
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FECIF names new chairman in reshuffle
The European Federation of Financial Advisers and Intermediaries (FECIF) has appointed Johannes Muschik as its new chairman as part of a reshuffle at the top of the Brussels-based organisation.
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FECIF firmly disagrees with
The European Federation of Financial Advisers and Intermediaries (FECIF) has said it “firmly disagrees” with a requirement in MiFID II for asset managers to provide clients with information on inducements paid to advisers.
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IFAs Support trade associations
The last month has been one of travel. Firstly a symposium to address in Toronto and then last week it was Brussels and the FECIF conference. FECIF is the European body for IFA trade associations and was founded 15 years ago.
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Regulators criticised for failing consumers
European regulators have come under fire from industry professionals for not doing enough to protect consumers.
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Better regulation not more regulation
European advisory trade association FECIF has set out its four main goals for the coming months: continue lobbying, identifying key MEPs, collating data on the market and boosting its membership where possible.
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Europe is structured corruption
Last week, International Adviser asked whether there was any scope for an international consortium, or trade body, for financial advisers. This is a response from Vincent Derruder, honorary chairman of European trade body, FECIF
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ukip et al could damage eus cross border
Vincent Derudder, the former chairman of a trade body representing more than 230,000 individual advisers across Europe, has raised concerns that anti-EU, populist and nationalist MEPs, such as the UK Independent Party, could do further damage to Europe’s cross-border financial services industry.
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fasten your seat belts the eu Parliament elections
There seems to be little doubt, as April comes to an end, that the European Parliamentary elections next month will see the unhappiness of millions of EU citizens with their MEPs expressed in a dramatic way at the ballot box.
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fecif chairman derudder retires
FECIF, a body which represents more than 200,000 European financial intermediaries, has appointed a new chairman following Vincent Derudder’s retirement, and named Paul Stanfield as its secretary general.
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meps scrap proposed 200 cap on advisers
The European Parliament has scrapped plans to introduce a cap of 200 on the hourly rate an adviser can charge clients, after pressure from bodies representing advisers and the life industry across Europe.
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eu tax initiatives dangerous and overly
Current initiatives to tackle tax abuse within the European Union have been branded “dangerous” and “excessively burdensome” by a body representing around 200,000 financial intermediaries.