“Value for money” derails savings reform
Friday, November 13, 2026 · first reported by paperjam.lu
MEPs rejected the main directive of the Retail Investment Strategy on Thursday 12 November, with 300 votes against, 286 in favour and 23 abstentions. The compromise foundered chiefly over a value-for-money test, under which a product whose costs were not justified by what it delivered could not have been sold to retail investors. No EU-wide fee cap was included.
A separate part of the package, on the PRIIPs key information document, was adopted by 311 votes to 261 and can proceed through the legislative process. The Commission may maintain its proposal, and a fresh compromise between the institutions remains possible.
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