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

Cost of living worries despite rise in benefits and state pension

Prices are rising at their fastest rate for 30 years, with costs going up across a variety of sectors of the economy,

UK firms report fastest growth in labour market since pre-pandemic

BDO index rises for fifth consecutive month but inflation and Ukraine war could curtail jobs boom

Goldman Sachs adds scale to European business as NN IP acquisition completes

ESG criteria is integrated into approximately 90% of assets under supervision at NN IP and, at the time the deal was announced, NN IP had $355bn in assets under management.

FTSE dips as UK economic recovery stalls

London-listed blue chips start the week in the red as UK GDP figures reveal a February slowdown and China investment trusts fall after another report of high inflation in the country.

National accountant enters advice market with acquisition

“In addition, they want a highly personal, tailored wealth management service, responsive to specific individual needs with the highest levels of client service."

KKR-Mirastar Real Estate Platform Acquires UK Logistics Portfolio from TPG and Stoford

The four newly-built Grade A freehold assets, totaling 370,000 square feet, are located in Harlow, Greater London, and let to low-risk covenants.

UK house prices hit record high but cost of living crisis likely to cool market

Shortage of homes for sale and ‘race for space’ drove average cost to 282,753 in March, says Halifax

More than 6,000 jobs created across the North through Northern Powerhouse Investment Fund

The NPIF has also helped more than 900 firms secure more than £318m in investment

Smooth operators: end-to-end operations management in the heart of London

These individuals take on front- and back-of-house roles, ‘meet and greet’ and helping the public with wayfinding, with 32 patrolling officers in the public spaces supported by a dedicated control room based on the estate and managed by Wilson

Pension net pay top-ups to begin by 2026-27

Low earners using relief at source receive a 20 per cent top-up on their pension saving, even if they do not pay income tax.

Border to Coast adds £4bn to second private markets programme

It will include investments across private equity, infrastructure and private credit

Independent global asset manager opens office in Zurich led by former UBS veteran

He also worked several years for the UBS Group Chairman, where he was responsible for strategic client relationships and the bank's top shareholders.

Former Gresham House fund to re-enter active market

“The strategy has significant, illiquid stakes in companies with great prospects for medium to long term shareholder value creation,” he said.

Property investors should cast their eye to REITs

"As cheap money dries up, investors will have to work harder to find real diversification and long-term value across all asset classes"

Ares launches Ares Private Markets Fund

The Fund will be distributed through Ares Wealth Management Solutions

Energy strategy: UK plans new nuclear reactors to boost production

It outlines, for example, the hope of producing up to 50 gigawatts (GW) of energy through offshore wind farms, which the Department for Business

UK’s top 0.1% earners have annual income of over half a million, says IFS

Institute for Fiscal Studies report finds highest-paid earners benefit from lower tax rates open to business owners

EY to create 1,200 jobs to more than double headcount in Manchester

The new roles will take EY's headcount in Manchester to 2,000 by 2026

Advisers face 5.2% FCA fee hike to £86.5mn

The levy on advice firms as a percentage of the Fos’ total levy will be 2.34 per cent, up from 1.9 per cent this year.

Janus Henderson: Short-dated bonds offer best protection

Higher inflation and expectations of rising interest rates have now been largely priced in by bond markets, it says.

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