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

PROD: The rules you can’t ignore

Abbie Knight highlights why product governance rules introduced under MiFID II are so important for advisers

The future of money and payments by Agustín Carstens, BIS

The BIS archives contain an interesting exchange of letters between Dr Whitaker and the then BIS Chairman.

R&Q gets Irish regulatory approval for Coffey Western Captive deal

Ken Randall, chairman and CEO of R&Q, had previously suggested that a continued soft market, capital pressures from Solvency II and challenges from Brexit and BEPS are providing more opportunities for R&Q to provide either complete finality or par

Employers & brexit: dealing with UK citizenship

James Hockin and Alice Garside set out some advice for employers navigating current UK immigration processes with their staff.

MiFID cost disclosure deadline represents a ‘stark reality

This will represent a challenge, as the Financial Conduct Authority has not provided a template for firms to work from.

A Pension Scheme Trustee Owes No Fiduciary Duty to the Scheme's Sponsoring Employer

The Court rejected all the allegations made against them.

Fake German heiress laughs with her attorney during her fraud trial as it's revealed a married banker 'sent her dozens of flirty texts'

During the 28-year-old's trial on Monday, her defense attorneys told the court that a banker at the private equity fund Fortress sent Sorokin 158 texts when she was trying to secure the loan.

FCA warns of high-risk Isas

The FCA warned: "Anyone considering investing in an Ifisa should carefully consider where their money is being invested before purchasing an Ifisa."

EU says part of UK tax scheme was illegal aid for multinationals

The rules allow UK tax authorities to allocate all profits artificially diverted to an offshore subsidiary back to the UK parent company.

British Virgin Islands: A Solution To An Unusual Predicament

The BVI Commercial Court held that the scheme of the Business Companies Act was to require three conditions to be satisfied before a company discontinuing under the Act ceased to be a company incor

UK anti-tax avoidance scheme broke state aid rules, says EU

The Commission found that the scheme was “partly justified” and did not constitute state aid as it ensured the “proper functioning and effectiveness of the relevant tax rules”.

Guernsey to the rescue for in-deficit pension schemes

Defined benefit pension schemes are exposed to longevity risk as they guarantee lifetime benefits for members.

Australian banks have fingers crossed for a Brexit delay

ANZ Banking Group is relying on existing European branches and licences.

UK’s top fraud prosecutor backs U.S.-style plea bargaining deals

Retailer Tesco and aero-engines group Rolls-Royce agreed DPAs with the SFO in 2017

Guernsey reopens investment talks with EIF

The EIF is a specialist provider of risk finance for small and medium-sized enterprises across Europe, backed by the European Investment Bank, European Union and a range of public and private banks and finance institutions.

Ogier's Guernsey team advises Baillie Gifford on US$477 million Schiehallion launch

The team – which included associate Gabrielle Saul – advised alongside accountants and auditors KPMG, administrators Alter Domus and onshore lead counsel Herbert Smith Freehills LLP.

European Investment Fund able to invest into Guernsey again

The move will be welcomed by the Guernsey funds industry.

Guernsey introduces world's first ILS hybrid vehicle

Guernsey Finance Chief Executive Dominic Wheatley welcomed the introduction of the new vehicle

Hundreds of CMCs register for FCA authorisation

The City watchdog warned it will use a range of powers if authorised CMCs do not comply with its rules

Between a Legal "Rock" and a "Compliance Hard Place"?

ICO fines Grove Pension Solutions Ltd (Grove) £40,000 for sending almost 2million spam emails

Legal, Regulation & Compliance