Navigation path

Login   |   Register

Advanced search Search in:    Audio    Photo    Video    Shotlist


Financial products: How do consumers choose?


The financial crisis has become a crisis of consumer confidence. Lack of transparency, low awareness of risks, and poor handling of conflicts of interest have meant that consumers across the EU have been repeatedly sold investment and insurance products that were not right for them. Consumers have had their faith in the financial sector shaken. In addition, existing legislation has not developed fast enough to reflect the growing complexity of financial services. Only by taking steps to tackle these shortcomings can low consumer confidence be tackled, laying strong foundations for growth in the EU. Strong, well-regulated retail markets that place the best interests of consumers at their heart are necessary for consumer confidence and economic growth in the medium and longer term. That is why today, the Commission has presented a legislative package that raises standards and removes loopholes for the benefit of consumers. Specifically, the package proposes new, consumer-friendly standards for information about investments, raises standards for advice, and tightens certain rules on investment funds to ensure their safety.

Type: Documentary   Reference: I-073868   Date: 02/07/2012   Duration: 03:56
To download, please log in

Video Player   Need some help?

Investment plan

Fri 30/01
European Commission - EUROSTAT Brussels, 30 January 2015 The euro area (EA18) seasonally-adjusted unemployment rate was 11.4% in December 2014, down from 11.5% in November 2014, and from 11.8% in December 2013. This is the lowest rate recorded in the euro area since August 2012.
Thu 29/01
European Commission - Press release Brussels, 29 January 2015 The European Commission has approved under EU state aid rules a UK reinsurance scheme aimed at ensuring the availability of domestic insurance at affordable prices for flood-related damage.
Thu 29/01
European Commission - Press release Brussels, 29 January 2015 With the humanitarian situation worsening every day, growing numbers of people inside Syria and refugees in neighbouring countries are in need of assistance. The European Union is increasing its assistance to the Syria crisis by €136 million in humanitarian funding, half...
Thu 29/01
- Press release European Commission Brussels, 29 January 2015 The European Commission has today proposed to allow UN rules on transparency for Investor-to-State Dispute Settlement (ISDS) to apply also to existing investment treaties that the EU and Member States have in place.
Thu 29/01
- Fact Sheet European Commission Brussels, 29 January 2015 The European Commission is determined to make sure that Ukraine has all the support it needs, in the short and long term, to undertake the political and economic reforms that are necessary to consolidate a democratic, independent, united and prosperous Ukraine...
Thu 29/01
European Commission - Fact Sheet Brussels, 29 January 2015 Since the adoption of its Communication 'Towards a comprehensive European international investment policy' in 2010, the Commission has worked towards improving the Investor-to-State Dispute Settlement (ISDS) system, in particular the transparency of proceedings.
Thu 29/01
European Commission - Daily News Daily News 29 / 01 / 2015 Brussels, 29 January 2015 EU steps up humanitarian assistance to Syria crisis The European Union is increasing its assistance to the Syria crisis by €136 million in humanitarian funding, half of which will go to needs inside Syria,...
Thu 29/01
European Commission - Speech - [Check Against Delivery] Speech Speech Riga, 29 January 2015 Dimitris Avramopoulos, Commissioner for Migration, Home Affairs and Citizenship Press conference at the informal JHA Ministerial meeting The recent terrorist attacks in France have challenged our core values and showed how serious the terrorist threat is...
Thu 29/01
European Commission - EUROSTAT 29 January 2015 In 2014, the number of nights spent in tourist accommodation establishments in the EU is expected to have reached a new peak of around 2.7 billion nights, up by 1.7% compared with 2013.
Wed 28/01
European Commission - Press release Brussels, 28 January 2015 The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Abbott Laboratories' Non-U.S. Developed Markets Specialty and Branded Generics Business ("Abbott EPD-DM"), by Mylan, Inc ("Mylan").

Go to useful links page Useful links

Go to rss page Go to EU Tube page Go to twitter page Go to facebook page Go to contact page

Credit © European Union, 2015