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

Allfunds receives UK regulatory authorisation

Third Country Branch

FCA's unveils 'landmark' sustainability rules, but some areas will need ongoing clarification

This is vital for those funds investing across the spectrum of assets and allows the FCA to bring fund of funds into scope too.

CCLA launches AdviserAction group to ‘drive sustainable outcomes’

In its survey of 20,000 consumers, the Financial Conduct Authority found that 81% would like their investments to do good as well as deliver a financial return.

FCA bans two advisers for poor BSPS advice

Resulting in £9,769,550 of pension funds being transferred to riskier defined contribution schemes.

Government should ‘go further’ on Isa shake-up

It will also allow partial transfers of Isa funds in-year between providers from April 2024.

EU Commission announces €4bn Innovation Fund call

The Innovation Fund can cover up to 60% of a project's relevant costs, with eligibility extended to projects in the EEA, including the maritime, road transport and buildings sectors.

HSBC UK investigating as customers struggle to access banking services

The bank has apologised to customers and is working to restore its mobile and online banking service, including the authorising of online card purchases via the app.

Addleshaw Goddard: Financial Services & Banking News

The report explores where AI is currently being deployed; where it shows promise for the future; and how to make the most of the opportunities on offer.

FCA finds investment firm IFPR understanding still lacking

This is the final report from the FCA on the implementation of IFPR.

Klarna gets full UK approval to offer credit and payments, but BNPL goes unregulated

The Stockholm-headquartered fintech established a new UK holding company called Klarna Financial Services UK to secure regulatory approval.

FCA bans Nigel Lewis and Susan Jones for incompetent British Steel Pension Scheme advice

Mr Lewis has also been banned from holding any senior management functions in a regulated firm.

Luxembourg Sets Pace for Private Credit in Europe

Private credit has been a key beneficiary of this mood and Luxembourg has been right at the centre of this activity as a primary jurisdiction for private credit in Europe.

Unregulated Buy Now Pay Later (BNPL) firms becoming authorised

While BNPL products can provide a useful way to spread the cost of a purchase for some people, it's important that consumers are aware that many BNPL products remain unregulated.

PIMFA welcomes reforms to ISAs including proposals to allow fractional share ownership

Of more interest is the Government’s stated intention to permit certain fractional share contracts within ISAs.

Pension value for money

The FCA is responsible for the regulation of contract-based defined contribution schemes and is working alongside the DWP and TPR to ensure the new framework is consistent across all DC schemes.

UK government launches consultation on use of agency workers during strikes

The proposed changes would allow agency workers to provide temporary cover in all sectors – as long as they are suitably qualified to uphold service standards.

Baker McKenzie advised Luzerner Kantonalbank in connection with GarLa Group financing

Baker McKenzie advised the financing parties on all legal and tax aspects of the transaction.

Triple lock lives to see another day: Industry reacts

The triple lock was introduced in 2010 by the Conservative-Liberal Democrat coalition government in recognition that the real value of the basic state pension had fallen over many years.

Hundreds of investors call for probe into FCA's handling of Woodford saga - reports

Days before redress scheme vote ends

Withers wins £3m refinancing dispute for wealth management client

We successfully obtained judgment against the companies during the disclosure stage of the proceedings.

Legal, Regulation & Compliance