Critics fear EuroPension repeats mistakes that doomed PEPP
Europe’s pensions supervisor is relaunching the failed Pan-European Personal Pension Product under a new label, EuroPension. Critics warn the project risks repeating past mistakes: too complex to compete with low-cost ETFs, too weak to rival national schemes, and too focused on capital markets at the expense of statutory pensions.
CSSF tightens stance with sharp rise in sanctions
Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), has published its 2024 annual report, and the message is clear: the fight against money laundering and terrorist financing (AML/CFT) remains at the heart of its mandate.
US carve-out deepens Pillar Two complexity
A deal struck at the G7 summit in June has given American multinationals a way around rules billed as a milestone in the global fight against corporate tax avoidance.
Luxembourg watchdog questions credibility of early CSRD reporting
Luxembourg’s financial regulator has warned that companies’ first attempts at sustainability reporting under EU rules risk overstating green progress, citing inconsistent practices and weak transparency.
Critics fear ‘disruption’ from private equity in 401(k)s
The US wants to open retirement savings plans to private equity, unlocking a new multi-trillion-dollar market for the sector. The White House calls it much-needed “democratization”; critics say it is a political favor that will leave savers worse off.
Henk van Eldik: ‘Luxembourg is at its best when it’s informal’
Henk van Eldik has lived and worked in Luxembourg for decades. As an expert on the funds industry, he sees how the Grand Duchy continues to evolve as an innovative European investment center.
Without a real banking union, EU’s investment union is a mirage
The EU’s plan for a Savings and Investment Union risks falling flat unless it completes the banking union first, warns Amundi’s Mahmood Pradhan.
Industry pushback against Brussels over SIU trading reforms
A powerful coalition of European financial trade associations has urged the European Commission not to adopt a U.S.-style trading framework under its flagship Savings and Investments Union (SIU) initiative.
Eurosif: Europe is cutting too much from sustainability reporting
Eurosif, a pan-European association that promotes sustainable finance at the EU level, is deeply concerned about the European Commission’s proposals to ease corporate sustainability reporting requirements. “Investors will be less well-informed,” warns Aleksandra Palinska.
Wealth migration fuels Milan’s rise as investment launchpad
Southern Europe is rapidly emerging as a serious contender for global wealth, as high-net-worth individuals from the United States increasingly explore residency-lined investment options.