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

‘Big Tech a priority’ says FCA Chief Executive

Currently, Big Tech firms can access financial services data through Open Banking but are not required to share their data with the financial industry.

Commerz Real implements solar projects in Sweden

Klimavest is invested in solar and wind farms in Germany, Finland, France and Spain.

FCA confirms anti-greenwashing guidance and proposes extending sustainability framework

The new rule is designed to protect consumers by ensuring sustainable products and services they are sold are accurately described.

EU leaders call for strengthening the EU’s competitiveness

To improve the competitiveness of EU companies we also need to further reduce the cost of energy.

Culture in financial services still needs to improve to better serve women, says FCA

Women will control 70% of global wealth within two generations.

ESAs consult on technical standards for joint examination teams under DORA

The proposed technical standards take into account the high technical complexity of the oversight activities and the scarce availability of the expertise needed to perform them.

Independent audit confirms that the loans are granted correctly

The audit report confirms the regularity of the lending and classifies the bank's credit policy as conservative

Neil Woodford turns finfluencer

It warned it was considering regulatory action.

Generali: a new organizational structure for an integrated insurance and asset management group

Starting from June 1st 2024, the Generali Group will operate as a diversified financial group focused on two main businesses: Insurance and Asset Management

Andy Cole and other ex-footballers join scam victims in HMRC campaign

Campaigners call for an end to the taxman’s perceived harsh tax collection tactics as victims of financial misconduct recount sleepless nights waiting for tax bills.

Tiller Technologies Supports Regulatory Efforts with Digital ID Solution for International Customers

The Jersey government is actively working with financial Institutions and regulated businesses to promote the adoption of cutting-edge technology

Pension pressures persist as FCA data reveals a 14.6% surge in lump sums

The latest FCA retirement income data suggests the cost-of-living crisis continued to exert pressure on pension withdrawals in the fiscal year 2022-23.

MP raises 'serious concerns' about FCA's handling of Woodford scandal

The warning notices given to Woodford and his firm are not the FCA's final decisions

Norton Rose Fulbright advises financiers on Star Bulk acquisition

The team was led by Norton Rose Fulbright Co-Head of Asset Finance and Head of Greece Yianni Cheilas and Athens partner Evi Platsidaki

Asset management: common errors when applying for authorisation

Before applying for authorisation, firms wishing to operate in the asset management sector should consider the points below, alongside the relevant information for your type of firm.

FCA statement regarding motor finance firms’ financial resources

This will help ensure firms are able to act promptly to resolve complaints if we decide the pause should be lifted and complaint handling should resume.

Nic Cicutti: FCA won’t back down on ongoing charges

Advisers should expect continued scrutiny by the regulator regardless of the name of the regime under which they come

Financial Services & Banking News

The PRA states it is issuing the statement to respond to clarifications requested by firms

Ex-Man Utd footballer sues his former SJP adviser over £750k unclear fees

Chris Smalling is suing Klipp Wealth Management, a representative of SJP, for £750,000, alleging it failed to accurately disclose fees.

Solvency II Review – Matching adjustment reform implementation considerations for 30 June 2024

The PRA will seek to ensure that no unintended changes are made to the PRA’s policy on assets which are considered to have ‘fixed’ cash flows.

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