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

JTC announces plans for acquisition

This acquisition is exciting for us, as share plan services are closely aligned with our own shared ownership philosophy

AllianceBernstein brings 50-year-old US value strategy to Europe

The fund, managed by Cem Inal, chief investment officer and portfolio manager, aims to capitalise on undervalued large-cap companies in the US market.

Citypoint tower up for sale as owner seeks cut-price deal

Brookfield has reportedly started the sale in the hope of avoiding a default on a £460m loan secured on the building

Burstone announces strategic partnership with the world’s largest alternative asset manager

Burstone will retain a 20% co-investment in the PEL platform while continuing the asset management function.

Private equity warns UK capital gains tax overhaul could be ‘tipping point’

Potential increase of capital gains tax comes on top of changes to non-dom and carried interest regimes

Investment into cash Isas increases by more than a fifth

Hargreaves Lansdown head of active savings Mark Hicks attributed this to the perception that chancellor Rachel Reeves will use the Autumn Budget to raise taxes.

Scottish financial business buys firm, hails £1bn milestone

Aberdeen-based AAB hailed the acquisition as a “significant mile

State Pension claimants warned about Tory 'stealth tax' that will affect 900,000

The new state pension rates will come into effect from April 2025

Aviva targeting ultra-HNW growth following acquisitions

Both books of business are fully integrated into Aviva.

Aurora and Artemis Alpha trusts announce merger

Artemis Alpha trust’s £121m assets would merge into Aurora if approved

Europe’s ESG funds more than double defence holdings amid Ukraine war

Sector’s shares have soared and asset managers in debate on whether investing in it can be seen as sustainable

Fund managers should get vote on consolidated tape system: Efama

This cross-section includes the user community, such as the buyside asset managers that Efama – the European Fund & Asset Management Association – represents.

Hargreaves Lansdown co-founder’s private equity firm shutters

The fund has now closed, Earth Capital UK has been deregulated and is no longer investment manager.

Blevins Franks closes Malta expat retirement plan to merge with its other QROPs scheme

The plan will no longer be registered with effect from 2 September 2024

Ocorian urges asset managers to prepare for changes to the sustainable finance disclosure regulation (SFDR)

The EU Commission is expected to announce amendments later this year

Legal & General Private Credit expands partnership with Anchor to £100m, funding new affordable homes delivery

L&G’s Asset Management division invests additional £85m in Anchor, England’s largest provider of housing and care for those in later life, taking L&Gs total private credit investment in Anchor to £100m.

Frenkel Topping warns of lower earnings in second half

It blamed this on the underperformance of Partners in Costs one of the UK’s leading costs law specialists – and amendments to charging structures due to consumer duty.

Octopus Ventures implements new and enhanced VCT fund management structure

This new leadership structure will help facilitate and deepen collaboration and knowledge sharing across the VCT funds managed by Octopus Ventures.

Baillie Gifford’s McCombie ‘wanted more’ from HL takeover bid

Baillie Gifford UK Growth manager Iain McCombie says that he has ‘mixed feelings’ about the price offered to take Hargreaves Lansdown private.

Over two million high-balance fixed-rate savers missing out on potential ISA gains

Approximately 70% of fixed-rate non-ISA savings accounts are due to mature over the next 12 months, the majority of which are held in one-year fixed-rate accounts.

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