‘Above all, MiFID rules put client needs first’
Original proposals would lead to 'over-optimistic' outcomes
Previously 22 November
Concerns over presentation of costs and charges
Concerns over projection of future performance
Concerns over projection of future performance
The European Parliament has voted against a ban on commission payments in Europe in a move placing it at odds with the FSA's stance under the incoming Retail Distribution Review (RDR).
The European parliament is set to reject a ban on commission to independent financial advisers (IFAs) when it votes on MiFID II next week.
Bankers could see bonuses capped at twice their basic pay and forced to return "golden hellos" if they fail to perform, under draft European rules being drawn up.
Mortgage borrowers are set to get more protection under new EU draft proposals unveiled today.