Consumers encouraged to invest in EU Capital Markets – McGuinness

New proposals to encourage people to invest their savings in EU capital markets were launched today by the European Commission. The aim of the Retail Investment Package is to make the EU a “safer place” for people to invest their savings. The Commission says participation in EU capital markets is lower than in other places such as the United States, even though Europeans have very high savings rates. 

The package includes measures to improve the way information is given to consumers about investment products and services. It aims to increase transparency and comparability of costs and have stricter safeguards where commissions are allowed.  Speaking at the launch today, Ireland’s Commissioner Mairead McGuinness said the package can make “a very real difference” to help people get more and fairer access to the financial system.

Out words: the system

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