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

Substance, Tax Treaties and the UK Supreme Court in Royal Bank of Canada

The uncertainty that this can open up is considerable.

FCA fines Mako for failings relating to cum-ex trading

Mako also failed to adequately apply the policies and procedures it did have in place.

Nvayo Limited enters special administration

Nvayo is authorised by the FCA to issue electronic money (e-money) and provide payment services.

Compliance costs Luxembourg banks over €500m annually: ABBL chair

The growth of Luxembourg’s private banking sector has been impressive, with assets under management rising to €628bn.

Mishcon de Reya's Private Client lawyers ranked in ALM Private Client Directory 2025

The directory features the top 250 individuals chosen by their own peers within the private wealth industry.

Joint EU-UK Financial Regulatory Forum

Both sides also noted the importance of continued cooperation in other areas, such as anti-money laundering and sanctions.

FCA charges Hampshire-based independent financial adviser with multiple fraud offences

The firm provided financial advice on investments, insurance, and pensions, but was not authorised to hold or control client money.

Macfarlanes advises Legal & General on £370m buy-in with the TUI Group UK Pension Trust

The Macfarlanes team was led by Insurance Partner Andrew Barton and Senior Counsel Madison Kaur.

FCA can take crucial step to close advice gap with targeted support

The FCA’s retirement income market data also shows that more than 145,000 DC pension plans over £30,000 were withdrawn at likely unsustainable rates of 8% and above.

FRC announces successful UK Stewardship Code signatories ahead of consultation closure

The FRC invites signatories to review the interim changes to reporting for Stewardship Code Signatories as they prepare for their next report under the current Code.

The EBA amends its Guidelines on ICT and security risk management measures in the context of DORA application

DORA has introduced harmonised requirements on ICT risk management that apply to financial entities across the banking, securities/markets, insurance and pensions sectors.

PS2/25 – Streamlining firm-specific capital communications

Policy statement 2/25

Focus on anti-money laundering: tackling the issue of "money mules"

In particular, we set out what payment services firms should be focusing on to reduce the impact of money mules cross-industry.

Shoosmiths advise ScaleUp Capital on major investment duo

It supports over 120 UK public sector clients, including NHS bodies, central government departments and local authorities.

FCA steps up action against misleading financial adverts

The FCA continues to urge social media platforms to do more to proactively identify and prevent illegal financial promotions.

Financial Market Infrastructure (FMI) regulation in a changing world: our priorities for 2025 − speech by Sasha Mills

Given at the Bank of England Chair/CEO/INEDs Roundtable for UK Financial Market Infrastructure firms (FMIs)

Lords report concludes that naming and shaming is not the way to regulate

Respondents to the Committee’s Call for Evidence pointed to the lack of evidence provided by the FCA to justify the shift.

The EBA issues an Opinion in response to the European Commission’s proposed amendments to the EBA draft technical standards on conflicts of interests for issuers of asset-referenced tokens

The EBA agrees with the substantive changes proposed by the EC, which favour proportionality, as well as with the other amendments which are considered non-substantives.

Reaction as Bank of England cuts base rate to 4.5%

The uncertainty for the BoE has been exacerbated by potential impacts from last October’s Budget as well as unreliable labour market data from the ONS.

FCA statement on Blackmore Bonds complaints

Investors asked the FCA to pay compensation and start a criminal investigation into Blackmore.

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Legal, Regulation & Compliance