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‘Divisive’ EU retail investor strategy set to ban kickbacks

The European Commission plans to stick to its plan to stop inducements for financial advisors, a proposal it recognises as “divisive” but one that is needed to build trust among investing consumers. “I think it’s good to grasp this nettle and to make change for the better,” said EU Commissioner Mairead McGuinness.

Robeco exits Dutch retail market with sale to Evi

A major shift in the Dutch retail investor market. Netherlands’ largest fund house Robeco decides to focus entirely on institutional and wholesale investors and, with pain in its heart, says goodbye to retail investors. With the takeover, Evi van Lanschot suddenly comes of age.

In one fell swoop, Evi, the retail arm of investment bank Van Lanschot Kempen, gains 125,000 new clients. That is a six-fold increase in the client base. Assets under management jump from 1.3 billion euros to six billion. 

‘ESG reporting requires clear, consistent EU framework’

The EU’s top financial markets authority on Thursday invited the European Commission to clarify new sustainability reporting requirements for European companies and to make its legislation for non-financial reporting standards more consistent with other pieces of EU legislation.

Luxembourg has high hopes for Eltif 2.0 framework

Luxembourg’s fund industry has high hopes for Eltif 2.0, the revised European regime for long-term investment funds that is set to be approved next month by the European Parliament. Thanks to the updated rules, products like private funds can be targeted directly at retail investors in all 30 countries in the European Economic Area with one single AIFM passport.

Alfi Partners becomes part of FundRock, joins Apex family

Global financial services provider Apex Group is taking over Alfi Partners, a Luxembourg-based third-party fund marketing specialist, the firm announced today. Alfi Partners will become part of Apex FundRock, the largest third-party manager of investment funds in Luxembourg. Financial details were not disclosed.