Anasf and Fecif, both important associations in the financial sector, have appealed to the European Parliament, Council, and Commission. The appeal follows the vote by the European Parliament on the Retail Investment Strategy (RIS) that has approved the Regulation containing key information for PRIIPs and rejected the amendment directive to MiFID II, IDD, UCITS, AIFMD, and Solvency II. The rejection of the directive leaves open questions that the two associations consider priority from the outset.

For Anasf and Fecif, protecting investors and greater citizen participation in capital markets remain the objectives on which to build the continuation of the debate. Value for Money should take into account not only quantitative elements but also the quality of products and services and their ability to meet the investor's objectives. 'Costs proportional, service quality, and coherence with the person's needs must be evaluated together. We ask the European institutions to start over here, valuing the contribution of those who accompany every day families in their financial decisions.' Luigi Conte, President of Anasf, has stated.

This principle should be accompanied by a more thorough assessment of adequacy and life phases of individuals. Anasf and Fecif propose greater flexibility in profiling, accompanied by specific control measures and financial advisor support. 'On-site experience shows that investors with significant competencies and economic resources can encounter access limitations linked to the risk profile assigned. At the same time, it is necessary to avoid that young people, with limited initial resources and experience, are precluded from coherent solutions with long-term goals, such as supplementary pension,' Conte continued.