firms to reveal all costs to clients under mifid
Latest MIFID news discloses transparency obligations for investment firms and fund managers.
Latest MIFID news discloses transparency obligations for investment firms and fund managers.
The UK’s Retail Distribution Review could be in danger of being overridden by the EU’s MiFID II directive.
Independent advisers in Europe should be banned from receiving commission payments, according to Michel Barnier, European commissioner for internal market and services at the EC, who sets out his position in a strongly worded letter to Fecif chairman, Vincent Derudder.
A key committee of the European Parliament yesterday voted unanimously to approve a compromise text updating the EU’s Market in Financial Instruments Directive, with implications for the life industry and securities markets.
The European Parliament is expected to reject a proposed Europe-wide ban on commission payments to independent financial advisers when it votes on the matter next week, a published report says.
The Association of International Life Offices has written to the European Parliament’s Economic and Monetary Affairs Committee, to warn over potential unintended consequences stemming from the interaction between Mifid II and other European Union financial services legislation.
FEIFA CEO Paul Stanfield says recent debate around MiFID vs IMD is confusing a simple issue
IFAs advising on investments under the IMD could face criminal charges, claims AES International.
AES International argues that IFAs who rely on the IMD to give invest advice are skating on thin ice
Advisers operating under the IMD must ensure they only give advice on insurance-wrapped investments.