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

PE firm WestBridge takes majority stake in Beckett

The investment marks the fifth deal from WestBridge III, while existing investor Foresight Group will partially exit and retain a significant minority stake to support Beckett’s next phase of growth.

HSBC AM invests in enterprise AI firm Model ML

Model ML provides an AI platform designed for financial services firms, including banks, asset managers and advisory businesses.

Fintel launches new exit and acquisition proposition

The two businesses support around 45% of the UK’s directly authorised advice firms.

Is Europe about to lose the space race?

And because European governments and companies continue to buy American launch capacity, driven by the need for cost-effectiveness to be competitive, they are subsidising the dominance they claim to want to escape.

Glasgow firm Newton announces largest ever acquisition

The firm declared that it is the "largest acquisition we have ever completed".

Norwich Financial Planner declared in default

The declaration opens the door to ex-customers to claim up to £85,000 per successful claim.

WestBridge makes majority investment in Beckett Investment Management

The transaction involves a majority exit for Foresight Group, which will partially reinvest to continue its support through Beckett’s next phase of growth.

Strong levels of activity across Guernsey property markets

As a result, a lot of people who sat on their hands last year waiting for things to change appear to have decided that now is the right time to move.

L&G announces rate reduction for new Optional Payment Lifetime Mortgage customers

Customers will retain the reduced rate for life, including future drawdowns, if payments are made for the first 15 years of the loan.

World's largest sovereign wealth fund posts record $184 billion profit as it reveals SpaceX stake for the first time

Norway’s $2.3 trillion sovereign wealth fund reported a record half-year profit of more than $184 billion on Wednesday.

CII awards Chartered status to 453 professionals

The professional body said 258 individuals achieved Chartered Financial Planner status, while 195 professionals gained Chartered designations across the insurance profession.

‘Tougher times ahead’: Don’t expect blowout returns to continue, CEO of $2.3 trillion fund warns after record first half

In the first half of the year, the fund posted a profit of almost $185 billion.

HSBC invests in AI modelling firm

The asset manager has invested an undisclosed amount in the firm via its flagship venture capital strategy.

Hybrid funds growth puts investor servicing under spotlight

FIS White Paper spots increasing operational complexity

Private pensions are a publicly subsidised gift to the wealthy

John Healey should equalise the tax break on pension savings to stop inequalities from widening

Commerz Real assumes fund management of Pangaea Life Blue Energy

The fund primarily invests in renewable energy assets, including photovoltaic, wind and hydropower plants, as well as energy storage and energy efficiency projects.

UK investors boost emerging markets allocation, survey shows

Half (50%) of wealth managers identify emerging markets as the most attractive equity opportunity over the next 12 months.

Aviva expands Financial Institutions underwriting capability across UK regions

New proposition gives brokers easier access to expert support and a broader range of tailored insurance solutions with five products for FCA-regulated businesses.

Pacific Asset Management acquires boutique investor Avi

Avi will continue to operate under its existing brand as an independent investment boutique following completion of the deal.

Ogier advises Index Ventures on three fund closings totalling US$3.5bn

The closures represent US$3.5 billion new investing capital across seed, venture and growth.

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