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

12 French banks taken to court for not reimbursing fraud victims

Consumer group accuses banks of too often placing the blame on clients over frauds when they are not at fault

BoE is being a reckless parent

At a time of rising consumer indebtedness, removing any affordability criteria is not a move to be applauded.

Simplification of UKCA product marking process ‘cautiously welcomed’

The new mark covers most goods which previously required the ‘CE’ marking and reverse epsilon markings that are applied to products in the European Union.

UK Building Safety Act’s impact on defective premises claim limitation periods

The reform, one of the most controversial aspects of the BSA, will require businesses in the construction industry to review their positions under the new regime.

FSCS chief: 78% of claims linked to advice as compensation rises

Rainbird explained that a key priority for FSCS is reducing instances of consumer harm, arguing that it is impossible to ignore the part that financial advice plays in it.

FCA sees 'clear rationale' for regulatory oversight of ESG data providers

Mixed feedback on UK green bond standard

FCA places restrictions on IFA over unauthorised fees

The City watchdog said the firm has the right to make written or oral representations to the FCA on the first supervisory notice and the right to make a reference to the upper tribunal.

Decision by the Swiss Federal Criminal Court

Generating compliant business growth in line with legal and regulatory requirements is key for Credit Suisse.

The Bill of Rights Bill: an overview

The Bill confers no new rights.

Report provides insight into first three months of UK’s new national security and investment regime

Under the 2021 National Security and Investment Act (NSIA), businesses and investors must notify the government of certain ‘notifiable acquisitions’ that relate to 17 sensitive areas of the economy.

83% of pension transfer requests raise red flag warnings

Rates have now grown for the last five consecutive months

The Fry Group to Join Progeny

The deal will see our team of 191 employees across our UK and overseas offices become part of the Progeny team.

PFS challenges FCA approach to BSPS compensation

The PFS has asked for the Department of Work and Pensions and the Pension Protection Fund to work together to ensure clients are re-admitted to the BSPS or admitted to the Pension Protection Fund.

The Bank of London and SAP Fioneer join forces to disrupt global clearing and transaction banking

The Bank of London is the UK's second clearing bank authorised in the last 250 years.

Banking body BIS urges decisive wave of global rate hikes to stem inflation

Surging energy and food prices mean inflation in many places is now its hottest in decades.

Sainsbury’s under new pressure to pay living wage for all workers

Queen’s bank Coutts plus Coal Pensions Board join others such as LGIM and HSBC backing resolution for £9.90 an hour

UBS courts US investment heavyweights to boost valuation

Executives want to convince investors it is a global bank, not a European institution

Ukraine war: UK joins ban on imports of Russian gold

US President Biden suggested the other G7 nations - Germany, France and Italy - would also join the ban.

Restrictions placed on Colbourne & Company

Colbourne & Company is a sole trader, and Mr Anthony James Colbourne SMF16 is the only person in the firm who was able to conduct regulated activity on the firm’s behalf.

The Clear Group completes new investment from Goldman Sachs Asset Management to drive the next phase of its growth strategy

The business has also trebled its premiums, today handling over £330m GWP.

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