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

Shareholders to decide Chrysalis' future in continuation vote

Potential managed exit programme

Polar Capital takes 30% profit hit on continued outflows

Profit before tax in the 12 months to the end of March fell to £45.2m, as a 14% fall in average assets under management hit revenue.

SimplyBiz partners with iPipeline to launch protection tool

iPipeline is a research and application portal which supports advisers throughout the protection advice journey.

Quilter Investors introduces AUM discounts on fund pricing

With effect from 1st July, the move will see a discount of up to 0.05% applied to a fund’s fixed ongoing charge

AEW UK sells two Yorkshire industrial assets for total GBP16.1 million

Individually, Euroway was sold GBP6.5 million, reflecting a 6.8% NIY, while Lockwood was sold for GBP9.7 million, reflecting a 5.9% NIY.

Lifetime ISA savers pay nearly £50m in withdrawal penalties as 56% more people rip cash out of savings

In this time of financial hardship, we should not be overly penalising people for using their hard-earned savings, yet the punitive 25% charge not only removes the government’s bonus but eats into people’s own savings too.

Investment Week reveals winners of Fund Manager of the Year Awards 2023

Ceremony in London on 22 June

Asset managers warn responsibility for CMU success is in policymakers' hands

EU companies continue to take their IPOs outside the EU or to move their listings elsewhere to seek better valuations.

Perspective inks further four acquisitions and hits carbon neutrality

Firms bought up in Cambridgeshire, Yorkshire and Buckinghamshire

Transforming Finance for Good: Equilibrium Futures Announces the First Sustainable Finance Training Course Dedicated to IFCs

There are modules for Trustees on fiduciary duty, for Family Offices on engaging Next Gen beneficiaries and for Asset Managers on how to invest with impact.

Hargreaves Lansdown launches Global Corporate Bond fund

Exclusive: Investment platform unveils multi-manager credit portfolio that marks the eighth fund launch of 19 planned over two years.

BlackRock manager and pension freedoms architect Harrison to stand as Tory MP

George Osborne’s former chief of staff Rupert Harrison has been selected as a Conservative candidate in the newly created Bicester and Woodstock constituency.

Corbel Partners makes four acquisitions

One of the acquired firms was Staffordshire-based advice, Wealth Design with 350 clients and £98m assets under management (AUM).

BoE interest rate predictions from Steve Matthews, Canada Life Asset Management

In the UK, The Bank of England (BoE) is seeing energy costs fall

Dynamic Planner and M&G Wealth partner on bulk valuation integration

It is a risk-based financial planning system – combining intuitive financial planning technology with a trusted asset risk model.

City of Zurich Pension Fund ILS allocation surpasses $700m

The pension fund has been steadily increasing its ILS allocation, having been CHF 280 million at the end of 2020, then rising to CHF 549 million by the end of 2021.

MGM Assurance scheme completes £80m buy-in with Standard Life

BPA transaction secures the benefits of around 700 scheme members

Scotland’s foreign investment grows with record results

While London remains the UK’s most attractive location to future investors, Scotland is in second place with 11% of investors rating the country as the most attractive place to establish operations in the UK.

Defaqto data show single asset funds now constitute over a third of fund recommendations

Funds receive a Defaqto Diamond Rating based on a completely independent and unbiased quantitative assessment, using a detailed, robust and transparent research process.

Twelve Capital manager receives first AAA rating

His fund focuses on debt instruments of insurance companies.

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