‘Divisive’ EU retail investor strategy set to ban kickbacks

Mairead McGuinness, European Commissioner for financial services. Photo: European Parliament.
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.

Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.

A subscription is free for professionals working at banks and independent asset managers.