The FECIF Board gathered in Budapest for the first time, kindly hosted by FECIF member association FPKOSZ – the National Association of Independent Financial Intermediaries of Hungary.
Bringing together representatives from national associations across different European markets, the meeting provided an opportunity to exchange views on key regulatory developments affecting financial advisers and intermediaries and to coordinate FECIF’s priorities for the months ahead.
Among the main topics discussed was the Retail Investment Strategy (RIS), with attention now turning to the upcoming Level 2 measures and consultations. The Board also exchanged views on the ongoing reform of the Pan-European Personal Pension Product (PEPP) and the importance of ensuring an appropriate role for financial advice within the future framework.
Artificial intelligence and financial advice was another key focus of the meeting. The Board discussed the growing use of AI systems in making specific financial and insurance product recommendations and the need to ensure a level playing field, consistent consumer protection and regulatory clarity as these technologies continue to develop.
The meeting also provided an opportunity to look ahead to FECIF’s activities and priorities for the coming year.
FECIF was also pleased to welcome two new member associations to its European network: ANICA – Associação Nacional de Intermediários de Crédito e de Seguros from Portugal and Brokers Ireland.
FECIF warmly thanks Dr Tamás Bércesi and FPKOSZ for hosting the meeting and for their hospitality in Budapest, as well as all Board members for their valuable contributions and constructive exchange.
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