FECIF White Book 2025: Highlights from the Italian Press Presentation

Yesterday in Milan, ANASF and FECIF unveiled the 2025 White Book of Financial Advice to the Italian press — offering a European preview of the key trends and challenges shaping the advisory profession across the EU.

Covering all 27 EU countries plus the UK, Switzerland, and Andorra, the White Book provides a clear snapshot of how financial advice is evolving and what policymakers should prioritise in the coming years.

📺Watch the entire Press Conference with subtitles in English:

A Sector in Transformation

The report identifies four major forces reshaping financial advice in Europe:

• Regulatory change & European integration
  With the EU advancing the Capital Markets Union and the future Savings and Investment Union, advisors will be crucial in guiding households toward productive long-term investments.

• Sustainability (ESG)
  Demand for sustainable products is rising, but complexity and regulatory overload risk undermining investor confidence. The sector needs clarity and simplicity.

• Digitalisation
  New technologies enhance efficiency and access, but require balanced rules to ensure innovation and investor protection coexist.

• Pensions & long-term planning
  Europe must strengthen complementary pension schemes and help citizens understand the importance of long-term saving — areas where advisors play a decisive educational role.

As FECIF Chairperson Vania Franceschelli emphasised during the presentation:
“With this White Paper on European financial advice, we wish to reiterate to the European Authorities the importance of the activity of the Financial Advisor for the well-being of citizens and of the whole of Europe.”

The Essential Role of Financial Advisors

A message echoed across all Italian articles:
advisors are central to Europe’s economic resilience.

They support financial literacy, help families navigate uncertainty, and contribute to healthier, more efficient capital markets. The White Book positions them as a strategic asset in Europe’s future savings and investment architecture.

Key Recommendations for Brussels

The White Book calls for:

• official recognition of the value of financial advice

• a smarter regulatory approach to digitalisation

• stronger financial education across Europe

• gender inclusion within the profession

• deeper collaboration between regulators and advisors

• a renewed focus on pension planning and complementary schemes

These proposals aim to build a more informed, resilient and investment-oriented Europe.

A Landmark Document for 2025

The White Book is more than a study — it is a roadmap.
Its findings will inform the political debate around savings, pensions, digital finance, sustainability, and investor protection throughout 2025.

A vital resource for professionals, associations and policymakers, it reinforces a simple idea:
Europe cannot achieve its economic goals without strong, trusted, and well-supported financial advisors.