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

IHT receipts fall for the first time in a decade

‘Hard to believe’ that inheritance tax is not ‘under the microscope’ to fill hole in UK budget

Investors seek government intervention on mini-bonds

They have started a petition to get the products regulated and victims compensated

JFSC committed to helping Industry with KYC utility

This in theory could result in reduced costs when taking on new clients, whilst introducing an enhanced degree of assurance as to the quality of these client processes.

FCA statement on Employer Salary Advance Schemes

ESAS are commonly promoted as an alternative to high cost credit and have a broadly similar economic effect.

EU Exit: HMT statement on registration arrangements under the UK Securitisation Regulation

Prospective securitisation repositories and relevant market participants should note that the Treasury will soon bring forward legislation

EBA updates on 2021 EU-wide stress test timeline

The tentative sample, which is also made available today, includes the banks that were going to participate in the postponed 2020 stress test

UK Treasury turns focus on financial and cryptoasset promotions

What is not clear is how the FCA will assess that a firm should be granted consent and how investments are to be categorised.

Lazard Banker Among Suspects in German Insider Trading Probe

Employee is part of firm’s mergers and acquisitions team

Further details of the Job Retention Bonus announced

Further details of how jobs will be protected through the government’s new Job Retention Bonus were unveiled by HMRC today.

EBRD supports energy infrastructure and green growth in Montenegro

The loan will help ensure the stability and resilience of the country’s energy provision while simultaneously protecting the achievements made by the Montenegrin energy sector in its ambitious clean growth and decarbonisation agenda.

Baillie Gifford cuts fee on top performing trust

Baillie Gifford said: “Relative to our somewhat nervous expectations from earlier in the year, income from the vast majority of the companies in [the] portfolio has held up well, and many have exceeded our expectations.

FSCS ramps up LCF decisions as claims hit £13.5m

The FSCS initially expected to have ruled on the majority of claims by the end of September, but new evidence saw it extend this timeframe with more customers potentially eligible for compensation.

HMRC ramps up crackdown on high net worth tax evasion

HM Revenue & Customs (HMRC) has ramped up investigations against the wealthy, as it seeks to show its commitment to battling sophisticated tax evasion.

Stimulus Package Puts Europe on Road to Recovery

With the coronavirus pandemic hitting hard and Brexit on the horizon, the European Union’s recovery programme is a bold statement of unity.

Global Guernsey

Rupert Pleasant, chief executive of Guernsey Finance, is a man with a plan to showcase the island’s expertise globally and gain new business from Hong Kong to the US, as Will Green found out when they met

Not Just For The Ultra HNWI - The Role Of The Family Office In Protecting Your Family’s Current And Future Assets

The best set up will be considered on a case by case basis when factoring in the individuals’ lifestyle, family circumstances, and jurisdictional reach.

Four arrested in suspected multi-million pound tax scam

These scams often target the elderly and vulnerable.

EU Exit: EBA statement on firms' preparations for end of transition period

The EBA draws the attention of financial institutions that the transitional arrangements agreed by the EU and the UK in the context of the UK withdrawal from the EU will end on 31 December 2020.

The Bank of England appoints Accenture as the Technology Delivery Partner for the Real Time Gross Settlement Service Renewal Programme

The Bank of England will work with Accenture to develop and build this new world class payments service.

Witnessing Wills in a virtual way: significant changes

The Government plans to introduce the necessary legislation in September, but just issued detailed guidance on the strict procedural rules that will apply to witnessing via video conferencing.

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