Page 3 - Packaged Retail News Today

The Financial Services and Markets Act 2023 (“FSMA 2023”) marks a watershed moment in British legislative history. FSMA 2023 introduces sweeping changes to the financial services...

Jeremy Hunt will vow to axe nearly 100 pieces of “unnecessary, outdated and protectionist” EU legislation this week in a bid to turbocharge Britain’s financial services industry after Brexit.

The European Commission published its Retail Investment Package (the Package) in May 2023. The Package aims to streamline and modernise investor protection rules in EU laws, including...

On 24 May 2023, the European Commission (Commission) adopted the Retail Investment Strategy as part of its 2020 capital markets union action plan. The primary objective is to reinforce...

European Commission adopted the Retail Investment Strategy objective is to reinforce investor protection within the EU, foster trust in the financial sector and promote participation in capital markets. Investor protection rules are currently established across various pieces of EU legislation.

PIMFA has urged Government to take the opportunity to rejuvenate the retail investment market

PIMFA welcomes the engagement from the Government and the Regulator in the past six months in seeking the views of the industry with regard to the current

It confirms inducement ban will be for ‘execution-only’ sales

What does the Retail Investment Package aim to achieve?

A partial ban on inducements to financial advisors, proposed Wednesday by the European Commission, would prevent financial retailers from charging consumers for advice where none was given.