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

Burges Salmon’s Private Wealth and Estates and Land teams recognised in leading HNW guide

Burges Salmon achieved seven practice area and 12 individual rankings in this year’s directory.

Six charged following ‘complex’ pension fraud investigation

It claims this included offering upfront cash incentives to investors without telling them they might be exposed to a tax liability for receiving money out of their pension.

FCA’s Mortgage Rule Review ‘only one piece of the puzzle’

Penn concluded by stating that, while the review is “positive” as a starting point, it needs to be co-ordinated through lots of different parts of the system

Bank of England Governor Andrew Bailey hits back at Rachel Reeves over regulation

The Bank of England Governor made clear that he did not share Reeves’ recent claim that the enforcement of red tape acted as a ‘boot on the neck’ of business.

Dynamic Planner hits £100bn milestone as Consumer Duty turns two

This reflects how advice firms are embracing technology to meet Consumer Duty requirements.

FCA helps unlock market access for UK and Swiss firms

This will help reduce regulatory barriers and boost the international competitiveness of UK financial markets.

PS9/25 – Changes to the UK ISPV regulatory framework

The PRA will continue to work with HM Treasury (HMT) on further reforms to ensure that the regulatory and legislative frameworks are aligned to enable an internationally competitive sector whilst advancing the PRA’s objectives.

ECB halts the rate cuts as it awaits US trade certainty

This is the first time in over a year that the central bank has chosen not to cut rates, but it is likely a pause rather than an abrupt halt given the economic circumstances going on right now.

FCA helps people navigate their financial lives with simplified mortgage rules

The package of measures is part of a series of reforms the FCA is undertaking to mortgage rules to help people navigate their financial lives.

General regulatory update – FCA finalised guidance for PEPs, Ancillary Activities Exemption and Assessments of Value

The FCA had reviewed its 2017 guidance in 2024, and found that it was mostly still appropriate but needed some small amendments.

Government reboots Pensions Commission as experts air concerns

The Pensions Commission first ran from 2002 to 2006.

UK borrowing soars just as bond markets crave fiscal stability

Welfare reform was heavily watered down, while winter fuel payments have been reinstated for millions.

Government revives landmark Pensions Commission to confront retirement crisis that risks tomorrow’s pensioners being poorer than today’s

The Commission of 2006 was a huge success, building a consensus for the roll-out of Automatic Enrolment into pension saving that means 88% of eligible employees are now saving, up from 55% in 2012.

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Legal, Regulation & Compliance

Burges Salmon’s Private Wealth and Estates and Land teams recognised in leading HNW guide

Six charged following ‘complex’ pension fraud investigation

FCA’s Mortgage Rule Review ‘only one piece of the puzzle’

Bank of England Governor Andrew Bailey hits back at Rachel Reeves over regulation

Dynamic Planner hits £100bn milestone as Consumer Duty turns two

FCA helps unlock market access for UK and Swiss firms

PS9/25 – Changes to the UK ISPV regulatory framework

ECB halts the rate cuts as it awaits US trade certainty

FCA helps people navigate their financial lives with simplified mortgage rules

General regulatory update – FCA finalised guidance for PEPs, Ancillary Activities Exemption and Assessments of Value

Government reboots Pensions Commission as experts air concerns

UK borrowing soars just as bond markets crave fiscal stability

Government revives landmark Pensions Commission to confront retirement crisis that risks tomorrow’s pensioners being poorer than today’s

Pension Commission must be ‘bold’ to be successful

Bank of England Warns of Dollar Liquidity Shock

Protections to help Buy Now Pay Later borrowers navigate their financial lives

The PRA’s approach to waivers and permissions under Own Funds (CRR) Part

Spain violated EU rules by meddling in banking merger, says Brussels

Mansion house speech – uk government's campaign for growth

FCA fines Barclays £42 million for poor handling of financial crime risks