- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

COVID-19 and the great reset: Briefing note #18

The abrupt halt of global travel during the COVID-19 crisis, aside from delaying personal trips and vacations, has had a major impact on businesses across sectors.

Planners expect demand for advice to grow following pandemic

This compares to 67% when they were questioned at the start of the year.

HMRC admits overpayment on Covid grants to self-employed

An HMRC spokesperson said: “We have robust processes in place to prevent grants being paid incorrectly but a small number of people were paid grants in error and some received an incorrect amount.

Winners in lockdown: some firms see new business jump 30%

The figures support data collected by the Financial Conduct Authority in June, which found a mere 14 advice firms believed the economic fallout of the coronavirus pandemic threatened the survival of their business.

Virus Will Spur a ‘Tsunami of Fraud’ in the U.K., KPMG Warns

The backlog of criminal cases in England and Wales stood at 37,434 at the end of 2019 and likely has grown considerably during the outbreak

Lockdown lets German bankers get jobs without leaving home

This is a surprising development, especially for the banking industry

More businesses set to benefit from government loan scheme

More small businesses can benefit from loans under CBILS.

NEW DATA: What will offices look like post Covid-19

Adapting and being flexible to the new demands of work life is a key part in moving forward, but how are businesses planning on implementing this?

Banking system resilience in the time of COVID-19

The industry has already felt massive effects from the crisis, with more to come.

Coronavirus and intergenerational difference – the emerging picture

The FCA Discussion Paper, developed prior to the Covid-19 outbreak, highlighted several intergenerational issues to which the financial industry and regulator have a common role in responding.

Covid could wipe out a third of private bank hubs

A McKinsey report has found the pandemic could increase the pressure on the smaller private bank hubs across Europe.

COVID-19 will result in a permanent increase in compliance risk

COVID-19 will have a lasting impact on the way businesses approach compliance.

Fidelity Pulse Survey: COVID-19 creating diverging paths for businesses

This month, 43 per cent of Fidelity’s analysts reporting positive indicators globally, compared with 39 per cent last month.

Covid-19 and the economy: what are the lessons so far? by Silvana Tenreyro

I will discuss some of the key insights I have taken from this research, and how it has informed my policy views over recent weeks, and will continue to do so as we exit lockdown.

Covid-19: Commission best practices for lending and insurance

The European Commission acknowledges and welcomes these efforts, which show the engagement of both public and private institutions in supporting consumers and businesses to navigate through the financial aspects of this crisis.

Mattioli Woods makes £3.7m Covid savings as profits rise

The actions taken by the firm to weaken the effect of Covid-19 on the business has resulted in profits now being ahead of expectations.

Footing the Covid-19 bill: is a UK wealth tax something to be afraid of?

The French experience provides an almost textbook example of the difficult science (or art!) of finding this balance.

Pandemic changing payment culture

The combined effect of lockdown restricting people’s movement and shops having shut their doors has necessitated a change in behaviour,” said Neil Davies, CEO, Close Brothers Asset Finance and Leasing.

Has globalisation peaked?

Covid-19 has wreaked havoc across the globe.

Schroders donates more than £3.8 million to support Covid-19 related charities ahead of Schroders Battle of the Brits

The six-day charity tennis tournament, sponsored by Schroders, start today and runs until Sunday 28 June.