Investors positive about commission ban

Press release
Article tags:
  • Investor Relations
Karen de Vries

Karen de Vries

Press Officer Retail & Private Banking, Sustainability, Sponsoring

ABN AMRO implements a commission ban and introduces new investment forms

Almost half (43%) of Dutch investors are aware of the upcoming commission ban. According to research from GFK. This also shows that investors are positive or neutral about the ban (83%). According to them, the commission ban has no influence on their investment plans. As of January 1, 2014, all investing clients of ABN AMRO pay directly for investment advice and investment products. The new rate structure is the starting signal for ABN AMRO to showcase the improved forms of investment. The wish for this came directly from customers. ABN AMRO wants to inform its customers well and clearly about the new tariff structure and the adjusted offer. That is why all customers were approached in 2013. ABN AMRO MeesPierson met with all 17,000 investment client advice and ABN AMRO held discussions with more than 80,000 of its clients. In addition to explaining the new way of pricing, there was also discussion about which investment form best fits the wishes of the client. 24/7 investment adviceThe bank will also proactively offer relevant information, tailored to the client's personal situation and investment wishes, 24/7, including through specially developed (online) advice tools. Dick van Ommeren, Director of Marketing & Products ABN AMRO MeesPierson: 'That advice is given very carefully. Our figures show that investors who follow our advice have relatively better returns. That is why we now offer it to our customers even more actively. " The GFK study showed that the majority of the investors surveyed are investing for an apple for the thirst and as a supplement to their pension and income. Fund fee for customerABN AMRO amply complies with the agreements made between the major banks and the Netherlands Authority for the Financial Markets to introduce the commission ban on investing from 1 January 2014. Preferably, ABN AMRO offers funds without fund compensation. If the bank does receive a fund fee, it is passed on to the customer. Dick van Ommeren: 'Customers pay for the services of ABN AMRO and when they place transactions. These costs were previously reimbursed from the fund fee, among other things. The service or advice rate is a fixed percentage of the invested capital. " Customer SurveyABN AMRO MeesPierson already introduced the new tariff structure in mid-2013. Experience has since shown that customers can accept the increased transparency. Dick van Ommeren: 'Earlier customer surveys showed that our customers want more insight into the costs involved in investing. We wanted to indicate that. That is why we are completely transparent about our investment rates. Customers who invest with us know exactly what they pay for it. Online informationevening On Thursday 28 November, ABN AMRO is organizing an online information evening about the investment opportunities at ABN AMRO. The information evening lasts from 8:30 pm to 9:15 pm. Interested parties can register here .

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