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

Addleshaw Goddard: Financial Services & Banking News

In this context, the paper sets out the reasons why it is important to collect this data and suggests best practice for firms.

Government u-turn on NI takes an economic gamble on social care funding

Reversing the NI hike has a much greater impact on someone earning £100,000, who would save £91 monthly or £1,092 annually.

Positive that NHS pensions are finally being addressed but devil is in the detail

Any fix needs to not only address eyewatering tax bills from the disconnect between CPI and annual allowance but also the problems with negative growth.

We consult on new guidance on the trading venue perimeter

Since the current regulatory framework was introduced, changes in technology and market structure have enabled a variety of new service providers to emerge, improving efficiency and choice.

Aviva tops pension complaints list

But just 24% of cases were upheld in H1 2022, Ombudsman data shows

FCA urges IFAs to take consumer duty seriously

Matthew Connell, director of policy and public affairs at the Personal Finance Society, outlined why the PFS are supporting the new rules.

LoA and transfers remain a major issue in the industry

The Lang Cat finds letters of authority are taking six months

Swiss National Bank tightens monetary policy further and raises SNB policy rate to 0.5%

The SNB policy rate change applies from tomorrow, 23 September 2022.

BoE raises interest rates to 2.25%

"The [price] guarantee is likely to limit significantly further increases in CPI inflation, and reduce its volatility," the MPC said in a statement today (September 22).

PFS and CII reach ‘agreement in principle’ following clash

In a joint statement from them both, the PFS and CII said there has been on-going dialogue and disagreements recently between the two bodies.

Credit Unions: Changes to the Regulatory Regime

The proposals in this CP broadly relate to amending and strengthening the regulatory regime in order to address risks posed by larger, more complex credit unions.

Europe's central bank to use climate scores as it buys bonds

The ECB bought corporate bonds as part of its past economic stimulus efforts to lower longer-term interest rates.

Deloitte's Esther Hitch on challenges in the world of risk consulting

Speaking with Cat Callen of business consultancy RDW, Hitch discusses her transition from the British Army into a career in cybersecurity, and the cyber concerns that are topping the agenda of clients; from data privacy, to online safety regulations.

Waiting for clarity on an Italian government

Italy’s consumer prices rose 8.4% in July, compared with a year earlier. Inflation in the eurozone rose by an annualised 9.1% in August, from 8.9% in July, estimates Eurostat, the EU’s statistics agency.

FCA warns consumers of scams by unauthorised CMCs

Almost all firms and individuals offering claims management services in the UK must be authorised by the FCA.

Bank of England expected to hike interest rates to highest level since 2008 crash

It would be the highest interest rate that the UK has had since the financial crisis. In December 2008, the base rate was slashed from 3% to 2%.

New U.K. leader's policies keeping managers on guard

Prime Minister Liz Truss plans to cap energy prices and also wants to cut taxes

Interdicts in Scotland

Interdicts will not be granted against the repetition of a wrong unless the court is satisfied that there is a reasonable likelihood that the wrong will be repeated.

Vistra enters into a Sale and Purchase Agreement with MAS France; Expands its global footprint by entering the French market

Vistra has announced it has entered into a Sale and Purchase Agreement (SPA) with MAS France, a Parisian provider of domiciliation, administration and directorship services in the real estate and private equity sectors.

Register of Overseas Entities holding UK land

The key point to highlight is that the register is not a register of beneficial ownership of UK land.

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