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

Will pandemic-induced drawdown cause depleted retirement pots?

As 51% of Brits aged 55 and over admit they know little about the pension freedoms rules

Swedish Regulator Fines SEB $107 Million, Citing Lax Anti-Money-Laundering Efforts

SEB said it would analyze the regulator’s decision.

Switzerland to become a leading location for sustainable financial services

In view also of the global challenges, further efforts must be made to safeguard and further expand the interests and competitiveness of the Swiss financial centre internationally.

Ogier advises Brooks Macdonald on acquisition of Channel Islands wealth management and funds business of Lloyds Bank International

The cross-border Ogier team was led by Jersey-based partners Matthew Shaxson and Niamh Lalor

MPs step in over 'troubling concerns' at FCA

Mr Stride said whilst it was "welcome" that the regulator had committed to addressing the issues, it had not yet solved the problems.

FSCS mini-bond bill could rise as new evidence found

But this month the compensation body gained access to an additional 100,000 emails held within LCF’s email server, which provided further evidence of liability, it said.

Coronavirus and home baking's renaissance in Cyprus

In recent years, the Bank has extended its support to flour producing company Hadjigiorkis Flourmills

Carey Olsen advises on sale of Lloyds Bank International's Channel Islands wealth management and funds business

The business has total funds under management of £1.0 billion (as of 31 May 2020). T

Ogier advises Urban Logistics on seven-site Crown Portfolio purchase

The transaction, effected through the acquisition of a Jersey property unit trust, involved a number of law firms across Jersey, England and Scotland, with Ogier working closely with Urban Logistics' onshore counsel, Wedlake Bell.

FCA consultation and thematic review on proposals to improve value for money in pensions

The FCA has also published the results of its thematic review

Paris art experts arrested over looted antiquities

It comes amid claims that Paris is an international centre for trade in illegal artefacts.

Clients of jailed ‘playboy’ adviser sue Tavistock

Chief executive Brian Raven said the firm is facing ‘no further’ FOS complaints, but two former clients are currently taking legal action.

Prudential accused of ‘client grab’

Mr Jordan said the Prudential website offered his clients five alternatives to using their IFA, adding he was “extremely unhappy about this”, and that it “trampled over the IFA relationship without any regard for the advisers”.

Billions of dirty euros in ordinary Belgian bank accounts

Bringing money in from tax havens is even more difficult.

Second Ex-Freshfields Partner Charged in German Tax Probe

The trades on which Tobias T. worked were done from 2007 to 2009 and caused tax losses of 346 million euros ($390 million), according to the charges.

Ultra-Rich Monaco Wants to Fund Social Impact Projects With Security Tokens

Given Monaco’s high concentration of wealth (one in every three people is a millionaire and the place attracts hundreds of billionaires), it’s surprising it doesn’t have much of a financial center – like the comparably small Lichte

EY and PwC probed over role in investment scheme where pensioners lost millions

LCF went into administration in January 2019, leaving 11,600 investors facing losses of up to £237m

The demise of IBOR: key considerations to prepare for the phase out

A number of bank issuers have already started to make the proactive step to transferring their older legacy deals that will cross over into 2021 to alternative rates.

Guernsey’s insurance sector adopts global sustainable framework

Its response was developed in a collaborative effort between the insurance industry association, and the industry organisation driving the development of green and sustainable finance in the island.

Embattled payments firm Wirecard collapses into insolvency

Over the weekend, banks in the Philippines said documents produced by Wirecard appeared to be false, and the country’s central bank also said the money had never entered its financial system.

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