Alfi supports more lenient ‘opt-up’ rules for retail
Luxembourg’s fund industry supports the introduction in new EU retail finance legislation of more lenient ‘opt-up’ criteria for retail clients that would give them the same status as professional clients. At the same time, it opposes the creation of a new category of semi-professional investors.
Savers to lose ‘hundreds of billions’, Betterfinance warns
A Brussels-based group standing up for European users of financial services has warned that European savers and investors in long-term savings and pension products face a particularly sharp erosion of purchasing power as a result of rising prices.
Speaking about “financial repression”, Betterfinance, one of two EU-level consumer finance NGOs that regularly interact with the European Commission, said European savers are set to lose “hundreds of billions of euro” in purchasing power in 2022 alone.