The commission and inducements regimes across Europe have changed the investment sector dramatically since MiFID II “went live” in January and the soon to commence Insurance Distribution Directive will have a similar impact on the insurance sector.

These conclusions come from FECIF, the pan-European trade association for Financial Advisers and Intermediaries, which recently undertook research to analyse this changing environment.

“This was one of our now twice-yearly surveys, which analyse the key issues of, and impacts on, the European advisory sector,” FECIF’s Vice-Chairman Jiří Šindelář confirmed. “By utilising the vast spread, expertise and experiences of our membership we are able to conduct market-leading and often unique research on a bi-annual basis. This is considerable value to our members and also all other stakeholders, where it is possible and appropriate to circulate the data more widely.”

This particular study included 10 of the largest markets across Europe, including Germany, France, Italy and the UK. Šindelář is project manager for these regular research surveys and feels that they provide “much needed data, some of which is otherwise unknown and unappreciated”.

The results show that MiFID II and IDD regulations will dramatically change inducement rules in some countries (e.g. Austria, Poland and Luxembourg) – for the worse from a business perspective. Full details can be found in the enclosed brochure.

FECIF’s next research survey will commence soon and analyse the area of Fintech, once again on an individual European country level, but with conclusions relevant for the whole of the EU and perhaps beyond.

FECIF is a Brussels-based non-profit trade organisation, supporting, assisting and representing almost 250,000 financial advisers and intermediaries across Europe.

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>>DOWNLOAD THE BROCHURE