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

EU to delay core element of Basel bank capital reforms by one year

Countries are introducing the last batch of a global bank capital accord known as Basel III, rolled out after taxpayers were forced to bail out lenders in the global financial crisis of 2007-09.

Annual compliance filing requirements for a Dutch BV

The statutory deadline to file is within 12 months after the financial year-end.

Firm fails with FSCS over inadequate pension advice

The firm has also been trading under the name Manning Gee Investments.

Pensioner awarded £77k from DWP after adviser spots error

Mrs B had worked for her husband's company and was paid a low wage for NI purposes.

We’ve seen great strives in embedding DEI – but there is work to be done

Comes ahead of PIMFA’s fourth annual Diversity and Inclusion Awards

FSCS awards claims contract to PwC

This comes after the FSCS placed Foreign Currency Innovations Ltd under investigation last week.

Regulators ‘proud’ of British Steel consumer work

The Pensions Regulator (TPR) and the Money and Pensions Service (Maps) are part of the group as well.

UBS offers to repay former Credit Suisse clients 90 per cent of Greensill funds

The Swiss government feared that severe losses at the scandal-hit lender would destabilise the global banking system.

Labour Party manifesto pledges pension review

Labour also included promises to try increase investment from pension funds into UK markets.

Irish fund management companies must respond to Central Bank liquidity management survey

It is the responsibility of each individual FMC to put processes in place to ensure the questionnaire is properly completed and returned.

EBA outsourcing guidelines under DORA review

DORA was written into EU law in late 2022 but it does not apply until 17 January 2025.

FINMA opens bankruptcy proceedings against FlowBank SA

FINMA established in the last week that FlowBank SA no longer has sufficient capital for its operations as a bank.

EFAMA warns ‘much still needs to be discussed’ over EU decision not to ban commissions

Tests envisioned include inducement, quality enhancement, best interest, suitability, appropriateness

Restrictions placed on Motmaen Limited

Motmaen must pay all its liabilities to its customers by 22 May 2024, this means that Motmaen must return any money it received from customers for transactions it did not complete.

Raft of early reactions to UK Conservative Party’s manifesto release

Plans include cutting NI by a further 2% by 2027 and gradually abolishing self-employed NI

New Finma Chief Wants to Act and Escalate Faster with «Red Flags»

The new Finma Director, Stefan Walter, has once again called for stronger supervision.

Quilter calls on DWP to take urgent action to resolve pension transfer issues

Though it is a positive that thousands of people have potentially been saved from fraudsters since the regulations were first implemented

Navigating the de-banking pain

The Treasury Committee reported in February that more than 140,000 business accounts had been closed by major banks.

Is the lifetime allowance still poised for a comeback post election?

Weekend reports said Labour will not reintroduce the lifetime allowance after all, as it will be too complicated

ACCA and CISI join forces to enhance accountants' ethical AI skills

Through this new collaboration, ACCA's quarter of a million members will have the opportunity to study for CISI’s Certificate in Ethical AI.

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