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

Andersen Global Expands in Bosnia and Herzegovina

Collaborating with Andersen Global enhances our service offerings and extends our cross-border reach,” said Aleksandar.

FCA fines Henderson £1.9m for fund failings

Retail investors were charged up to 1.5% for Henderson funds that ditched active management

FCA guidance for firms on LIBOR transition conduct risk

We encourage all firms that currently rely on LIBOR to read and consider these questions and answers

Finalised FCA guidance on GI distribution chain

This guidance is relevant to all firms conducting general insurance and protection business

EU Mandatory Reporting of “Tax Aggressive” Cross-Border Arrangements – DAC6

Any cross-border arrangements that are seen as “potentially tax aggressive” needs to be reported to the tax authorities.

Out of time financial provision claims under the 1975 Act – further clarity from the English Court of Appeal?

The Court gave helpful guidance on the principles which judges should apply when determining whether to exercise their discretion to extend the statutory time limit

Over 180,000 Irish companies not compliant with money laundering rules

The information required includes each beneficial owner's name, residential address, nationality, date of birth, PPS number and the nature and extent of their ownership or control of the company.

Man accused of £13m 'Ponzi scheme' fraud

Mr Greig is charged with forming the allegedly fraudulent scheme at business addresses in Aberdeen

FCA publishes damning report on gender diversity

There is an increasingly broad-based consensus about the need for gender diversity in financial services globally.

The Launch of the Legal Statement on the Status of Cryptoassets and Smart Contracts by Sir Geoffrey Vos, Chancellor of the High Court

There is an endless spectrum of types of cryptoasset and cryptocurrencies, many of which already are or certainly will be designed for use as wholesale and retail payment mechanisms.

Barclays’ Jenkins Told SFO Qatar Fees Justified by Opportunities

All three men have pleaded not guilty.

German government would rather save the coalition than the climate, says activist

German climate activist Luisa Neubauer says politicians are hampering urgent climate action measures. She spoke to DW about the growing Fridays for Future movement and why older generations need to step up.

RDR: Investors struggle with switch to clean share classes

Legacy retail share classes and clean shares’ ongoing charge figures (OCFs) have also seen a downward trend over the last six years.

Isle of Man M&A Activity Up 64%

There were 24 deals involving Isle of Man companies in the first half of 2019, worth a cumulative USD560 million.

The UK FCA finds three asset management firms in violation of competition laws

The FCA’s decision also highlights what an asset manager should not do when he finds himself on the receiving end of “strategic information” from a competitor

Softbank in talks to take over KPMG’s private members’ club

The Big Four audit firm is now planning to write to all of the club’s 6,000 members to tell them their membership will end on 1 March, the FT reported.

FCA bans and fines ex-CEO after he took steps to reduce his tax liability

Up until 2010, Forsyth was paid between £5,000 and £10,000 per annum, which was not considered unreasonable for the work she was undertaking.

Singularis v Daiwa: first Supreme Court case to uphold a claim for breach of the Quincecare duty of care

The Court of Appeal also noted in that case that, due to the sheer volume of payments made by banks every day, it would only be “in rare circumstances” that a banker would breach its duty.

Guernsey Deal Value Up in First Half of 2019 Over Previous Six Months

Offshore region as a whole records busiest first half for M&A over past five years, Appleby reports

Jersey Deal Volume Up 11% in First Half of 2019 Over Previous Six Months

The Crown Dependencies overall had a healthy start to the year

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