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

The Investment Association responds to FCA consultation on Value for Money Framework

The recognition by regulators of the need for this to change – clearly signalled again in the FCA consultation – is very welcome.

FCA urged to learn from Value for Money funds regime

The IA urged the FCA to consider lessons on value assessment from other parts of the market

FCA launches premium finance market study alongside new Government insurance taskforce

Premium finance allows people to pay for insurance in instalments.

Carey Olsen confirmed as the leading offshore law firm by Chambers UK

Chambers and Partners is a leading legal directory that identifies, ranks, and differentiates the best talent in the legal industry worldwide.

RSM and AJ Bell flag latest thoughts on 30 October UK Budget

UK Chancellor promises that there will be no return to austerity

UK jobs market cools and wage growth slows as higher interest rates take a toll

While higher interest rates have begun to take a toll, there are still some signs of progress in this report.

The Government Council determines the compensation for the BKB state guarantee for the next four years

This state guarantee is laid down in the law on the Basler Kantonalbank.

What are the next big conduct challenges in retail banking and lending?

Given that retail banking firms consistently receive a substantial and growing proportion of complaints, it seems likely that the FCA will soon increase its scrutiny of the retail banking sector.

UBS resolution reporting: recovery and emergency plans to be revised

FINMA is of the opinion that if the preferred restructuring strategy were to be applied, UBS could be resolved today by means of “single point of entry” recapitalisation.

Stephenson Harwood advises on sale of Whitley Asset Management to Cazenove Capital

WAM manages assets of approximately £1.5 billion on behalf of ultra-high net worth entrepreneurs and charity clients.

Shoosmiths advises Sovereign Centros from CBRE on major new lettings at Festival Place

Shoosmiths advised on all real estate aspects of the two transactions, with the firm’s deal team led by real estate principal associate Nicholas Dalgleish.

Appointment of new investment manager and AIFM

The appointment is subject to regulatory approvals and third-party consents.

FCA tight-lipped over timing of consolidation review

Despite speculation that the review may have been prompted by concerns over rushed deals ahead of potential capital gains tax (CGT) changes, the FCA declined to confirm or deny this.

Employment Rights Bill to bring once-in-a-generation change for UK employers

The Bill serves, in some areas, as mere framework legislation for secondary implementing regulations and statutory codes of practice to follow, where the reforms will be set out in more detail.

Scrapping non-dom regime would be a ‘big risk’ says Pinsent Masons

The current system of taxation of non-doms has already proven to be very successful in generating revenue for HMRC.

FCA fines TSB £10.9m over treatment of customers in financial difficulty

As a result of its failings, TSB risked agreeing unaffordable payment arrangements with customers in difficulty or charging them inappropriate fees.

Jersey for Sharia-compliant wealth management

In some cases, it is desirable for families to establish their own private investment structures to hold their investments.

Navigating the General Code: A practical guide to ESOG and ORA

Imagine the General Code as a rulebook for your pension scheme.

Government ‘doing its best to scare people’ into bad decisions

Speaking at Money Marketing Interactive in London, he told advisers to expect more phone calls ahead of the Budget.

ECB to cut rates by 25bps in both Oct and Dec as euro zone economy wobbles

Over 90% of economists, 70 of 75, said in an Oct. 2-8 Reuters poll they expected the ECB to cut the deposit rate for a second straight meeting by 25 basis points next wee

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