Managers of Wealth - Europe http://europe.managersofwealth.com/ Tue, 16 Jul 2019 20:24:46 BST part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Charles Stanley and Brewin partner with newly formed DFM News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73126/charles-stanley-and-brewin-partner-with-newly-formed-dfm It will operate two model portfolio ranges with a mix of passive and active approaches Wealth and Asset Management GAM: Update on ARBF Liquidation Ana Hall Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73128/gam-update-on-arbf-liquidation GAM’s priority throughout the liquidation process has been to maximise liquidity and value for its clients Wealth and Asset Management Isle of Man-based corporate services provider joins SMP Group Michael Pilgrim Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73147/isle-of-man-based-corporate-services-provider-joins-smp-group A well-respected service provider on the Isle of Man, delivering corporate, tax, and accounting services to a broad range of clients. Wealth and Asset Management HSBC Malta launches €250m International Business Fund News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73154/hsbc-malta-launches-ampeuro250m-international-business-fund HSBC’s global reach and expertise help approximately 1.5 million business customers Wealth and Asset Management Sesame adds Investec Private Bank to panel News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73155/sesame-adds-investec-private-bank-to-panel The private bank specialises in mortgages for high net worth individuals Wealth and Asset Management VP Bank increases first-half earnings Andro Bautista Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73158/vp-bank-increases-first-half-earnings These are unaudited figures pursuant to provisional calculations Wealth and Asset Management Rothschild & Co named the World’s Best Independent Investment Bank Ana Hall Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73097/rothschild-ampamp-co-named-the-worldamprsquos-best-independent-investment-bank The Best Independent Investment Bank award recognises the strength of Global Advisory's achievements in the last 12 months worldwide. Wealth and Asset Management J. Safra Sarasin Group completes the acquisition of Lombard Odier’s Private Banking Business in Gibraltar Ana Hall Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73099/j-safra-sarasin-group-completes-the-acquisition-of-lombard-odieramprsquos-private-banking-business-in-gibraltar The attractive client base and their experienced relationship managers are an excellent fit with J. Safra Sarasin’s private banking business and its comprehensive offering of investment services and trading capabilities. Wealth and Asset Management Santander brews up first UK 'work café' for small businesses News Aggregation Team Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73123/santander-brews-up-first-uk-amp039work-cafampeacuteamp039-for-small-businesses It has since grown to a 50-strong chain of work cafés, spanning Spain, Portugal, Brazil and Argentina. Wealth and Asset Management ABN AMRO cuts funding for new rough purchase; sends letter stating the same to the diamond trade News Aggregation Team Sunday, July 14, 2019 1:00 am http://europe.managersofwealth.com/article/73082/abn-amro-cuts-funding-for-new-rough-purchase-sends-letter-stating-the-same-to-the-diamond-trade Stating continued lack of profitability as a reason, ABN AMRO sent a letter to the industry stating that it will withdraw support for new drawings under current rough purchase sub-limit Wealth and Asset Management Martin Gilbert set to assume chair of Revolut News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73122/martin-gilbert-set-to-assume-chair-of-revolut Digital bank aims to strengthen governance and win over investors Executive Moves Charles Stanley taps Tilney in financial planner hire spree News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73125/charles-stanley-taps-tilney-in-financial-planner-hire-spree Charles Stanley has hired a series of financial planners across its branch network. Executive Moves Vanguard strengthens business in Italy News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73129/vanguard-strengthens-business-in-italy The appointment comes after the firm hired Marco Tabanella as senior sales executive and deputy country head for Italy in February this year. Executive Moves Revolving doors: Baker McKenzie expands £40m City tax practice as Eversheds makes multiple hires News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73130/revolving-doors-baker-mckenzie-expands-amppound40m-city-tax-practice-as-eversheds-makes-multiple-hires The firm has 16 partners in total and has been growing in areas such as tax disputes, tax advisory, and tax planning as well as seeing an increase in tax transactional work. Executive Moves Societe Generale's Former Head of Global Markets Joins Fintech Ana Hall Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73134/societe-generaleamp039s-former-head-of-global-markets-joins-fintech New senior appointment for the fintech platform dedicated to quantitative investment strategies Executive Moves Chairman departs French fund giant News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73146/chairman-departs-french-fund-giant French fund group announces changes to its leadership team Executive Moves Howes Percival Strengthen Private Client Team Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73150/howes-percival-strengthen-private-client-team Alexandra is member of the Society of Trust and Estate Practitioners (STEP) Executive Moves Parmenion hires sales chief Ana Hall Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73106/parmenion-hires-sales-chief She joins the business at an exciting time as we look to successfully continue our path of innovation and challenging the industry status quo. Executive Moves Ex-CEO of UBS joins Sygnum News Aggregation Team Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73113/ex-ceo-of-ubs-joins-sygnum Luka Müller-Studer, Sygnum chairman & co-founder: "Wuffli's experience and knowledge will play an important role in successfully driving our next phase of development and will be instrumental in further reinforcing our efforts to build Executive Moves Deutsche Bank hires Neal Pawar as group CIO Mitzi Limlengco Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73115/deutsche-bank-hires-neal-pawar-as-group-cio Pawar joins from AQR Capital Executive Moves Commercial Court adopts broad interpretation of investment bank fee clause in equity and debt finance raising News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73127/commercial-court-adopts-broad-interpretation-of-investment-bank-fee-clause-in-equity-and-debt-finance-raising The dispute related to the construction of two key defined terms – the “Project” and the “Transaction” – both of which were criticised by the court for lacking clarity. Legal, Regulation & Compliance ING’s Belgian Unit Fined for Money-Laundering Violations News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73131/ingamprsquos-belgian-unit-fined-for-money-laundering-violations ING Belgium was hit with the penalty on April 24, Julie Kerremans, a Brussels-based spokeswoman for the unit, said in an emailed statement on Sunday. Legal, Regulation & Compliance Russia: 30 Fake Firms and 4 Billion Rubles Later, 10 Will Stand Trial News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73132/russia-30-fake-firms-and-4-billion-rubles-later-10-will-stand-trial “Through these organizations, cash withdrawal of unaccounted money in circulation – ‘black cash’- was made and a large-scale income was extracted,” the ministry said. Legal, Regulation & Compliance New EU leadership needs to pick up baton of fiscal union News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73133/new-eu-leadership-needs-to-pick-up-baton-of-fiscal-union Leadership will have to do more to secure economic and monetary union 2.0 Legal, Regulation & Compliance Latvia fines Rigensis Bank for lax anti-money laundering controls News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73135/latvia-fines-rigensis-bank-for-lax-anti-money-laundering-controls Rigensis Bank, which mainly serves non-resident clients from countries such as Russia and Belarus, did not immediately respond to a request for comment. Legal, Regulation & Compliance Ex-Kingsley Napley partner fined over £1.5m estate payments News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73141/ex-kingsley-napley-partner-fined-over-amppound15m-estate-payments This grant gave the client the authority to get in the assets of the deceased, but not to deal with those assets or make payments from the estate. Legal, Regulation & Compliance RDJ Private Client practice ranked by Chambers HNW 2019 Kris Borres Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73142/rdj-private-client-practice-ranked-by-chambers-hnw-2019 Chambers describes the RDJ team as “decisive”. Legal, Regulation & Compliance Whistleblowers need independent office to protect them, say MPs News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73156/whistleblowers-need-independent-office-to-protect-them-say-mps Existing laws leaving staff who speak up exposed to abuse by their employers, says report Legal, Regulation & Compliance The FCA is to launch a new platform to replace Gabriel Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73159/the-fca-is-to-launch-a-new-platform-to-replace-gabriel Gabriel is our main regulatory data collection system, facilitating the collection of over 500,000 submissions annually, across 120,000 users and 52,000 firms. Legal, Regulation & Compliance Santander offered a €52m sign-on to Andrea Orcel News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73161/santander-offered-a-ampeuro52m-sign-on-to-andrea-orcel Formal offer letter shows how much bank was prepared to pay up for new CEO Legal, Regulation & Compliance Goldman Sachs invests €25 million in German fintech Raisin Ana Hall Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73136/goldman-sachs-invests-ampeuro25-million-in-german-fintech-raisin The new injection of capital follows the fintech’s recent series D round of €100 million. FinTech The potential of digital assets in wealth management News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73139/the-potential-of-digital-assets-in-wealth-management Crypto currencies are here to stay. FinTech MiFID II support tool for wealth managers unveiled Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73157/mifid-ii-support-tool-for-wealth-managers-unveiled The portal extracts data from a manager’s system daily and also brings all a client’s financial information together in one place. FinTech Deloitte Announces Enhancements To Digital Bank Asset Kris Borres Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73091/deloitte-announces-enhancements-to-digital-bank-asset Built on the Salesforce Financial Services Cloud platform, Digital Bank is a pre-configured digital banking accelerator. FinTech City's Leading Systems and Service Providers Announced Kris Borres Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73094/cityamp039s-leading-systems-and-service-providers-announced The business broadcaster Michael Wilson presented the iconic SITC FinTech ‘Blue-Plaques’ to all winners which included William Rouse, of Dion Global Solutions; Jane Boorman, of JHC; and John Motley, of IMVS. FinTech Wealth management fintech firm and Ortec Finance announce partnership Ana Hall Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73105/wealth-management-fintech-firm-and-ortec-finance-announce-partnership This partnership builds on previous jointly-engaged initiatives between the two firms across EMEA, most recently in the UAE. FinTech Wealth management platform launches new offering Mitzi Limlengco Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73107/wealth-management-platform-launches-new-offering Digital solution offers client access and monitoring anytime, anywhere. FinTech The Principality of Monaco goes fully 5G high-tech, anticipating the future digital revolution around the world News Aggregation Team Sunday, July 14, 2019 1:00 am http://europe.managersofwealth.com/article/73087/the-principality-of-monaco-goes-fully-5g-high-tech-anticipating-the-future-digital-revolution-around-the-world As a matter of fact, 5G promises to be a precious tool to boost new opportunities at the service of everyone who lives or works within Monegasque boundaries as well as every visitor. FinTech German Central Bank: Cryptos Are Not a Threat to Financial Stability News Aggregation Team Friday, July 12, 2019 1:00 am http://europe.managersofwealth.com/article/73047/german-central-bank-cryptos-are-not-a-threat-to-financial-stability uropean Central Bank executive board member Benoit Coeure said that financial regulators must act fast to prepare for Facebook’s Libra stablecoin FinTech Focus Solutions wins Best Digital Application at Systems in the City Awards Ana Hall Friday, July 12, 2019 1:00 am http://europe.managersofwealth.com/article/73050/focus-solutions-wins-best-digital-application-at-systems-in-the-city-awards The awards, held on July 11, are some of the most prestigious in UK financial technology with the winners decided by a public vote. FinTech Private Equity Ireland – Investment Limited Partnership Reform Ana Hall Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73138/private-equity-ireland-ampndash-investment-limited-partnership-reform A recent report prepared by Indecon regarding the Economic Impact of the Funds Industry on the Irish Economy revealed that in 2018 alone Alternative Investments British private equity firm to take over two Abraaj funds News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73143/british-private-equity-firm-to-take-over-two-abraaj-funds Will take over the management rights of Abraaj Private Equity Fund IV and Abraaj Africa Fund III Alternative Investments Investing in Women Code News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73162/investing-in-women-code The Investing in Women Code is a commitment by financial services firms to improving female entrepreneurs’ access to tools, resources and finance. Alternative Investments Cadence Investment hails rising assets News Aggregation Team Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73101/cadence-investment-hails-rising-assets Cadence’s core concept is a long-term approach with a highly focused portfolio of 20 to 30 holdings. Alternative Investments Leading Cash Savings Platform Insignis Cash Solutions and PIMFA Announce Strategic Partnership Ana Hall Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73102/leading-cash-savings-platform-insignis-cash-solutions-and-pimfa-announce-strategic-partnership Financial Advisors across the UK can now take advantage of the ease and simplicity of the platform and offer clients cash management without the hassle that it usually involves. Alternative Investments UK All Company chart-toppers launch real infrastructure fund News Aggregation Team Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73103/uk-all-company-chart-toppers-launch-real-infrastructure-fund The managers behind chart-topping fund Foresight UK infrastructure, launch portfolio to invest in 'real' assets globally. Alternative Investments Luxembourg AM to offer two bond funds to Swiss investors News Aggregation Team Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73117/luxembourg-am-to-offer-two-bond-funds-to-swiss-investors It also invests in other fixed rate securities from international issuers. Alternative Investments Analysis: Overdue fix for Swiss investment foundations News Aggregation Team Friday, July 12, 2019 1:00 am http://europe.managersofwealth.com/article/73065/analysis-overdue-fix-for-swiss-investment-foundations Swiss Pensionskassen have a number of investment restrictions imposed Alternative Investments Art-Invest Real Estate opens new London office Kris Borres Friday, July 12, 2019 1:00 am http://europe.managersofwealth.com/article/73075/art-invest-real-estate-opens-new-london-office The London office is headed up by experienced investor-developer Ali Abbas, and its first project will be the redevelopment of a one-acre/0.4ha site in Cleveland Street, London W1. Alternative Investments Broader Horizons- The Attraction of Alternative Real Estate News Aggregation Team Friday, July 12, 2019 1:00 am http://europe.managersofwealth.com/article/73077/broader-horizons-the-attraction-of-alternative-real-estate In 2018 28% (£17bn) of all commercial real estate investment in the UK was in alternatives - the highest level on record. Alternative Investments Handelsbanken’s interim report for January-June 2019 will be presented on July 17 Ana Hall Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73100/handelsbankenamprsquos-interim-report-for-january-june-2019-will-be-presented-on-july-17 There will also be time for questions from the participants. Investment Banking In world turned upside down, Deutsche Bank’s art escapes cuts News Aggregation Team Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73104/in-world-turned-upside-down-deutsche-bankamprsquos-art-escapes-cuts Yet the collection, boasting more than 55,000 pieces by more than 5,000 artists from 40 countries and built up over almost 40 years, looks set to be virtually unscathed by the struggling bank’s €3 billion restructuring, involving thousands of j Investment Banking JP Morgan plans City hiring spree - despite claiming Brexit will lead to job losses News Aggregation Team Sunday, July 14, 2019 1:00 am http://europe.managersofwealth.com/article/73084/jp-morgan-plans-city-hiring-spree-despite-claiming-brexit-will-lead-to-job-losses “As others cut back we’re growing,” said Doug Petno, the bank’s global commercial banking chief who reports into Mr Dimon. “We’re very careful about who we hire - we want people running towards us, not running away from Investment Banking Deutsche will not be the last victim of the automation wave Ana Hall Friday, July 12, 2019 1:00 am http://europe.managersofwealth.com/article/73051/deutsche-will-not-be-the-last-victim-of-the-automation-wave Investment banks are having to spend billions just to try to keep up Investment Banking Deutsche will not be the last victim of the automation wave News Aggregation Team Friday, July 12, 2019 1:00 am http://europe.managersofwealth.com/article/73078/deutsche-will-not-be-the-last-victim-of-the-automation-wave Investment banks are having to spend billions just to try to keep up Investment Banking UniCredit sells last stake in FinecoBank via ABB process News Aggregation Team Thursday, July 11, 2019 1:00 am http://europe.managersofwealth.com/article/73016/unicredit-sells-last-stake-in-finecobank-via-abb-process "The overall capital impact is estimated to be an increase of approximately 30 basis points in the UniCredit Group CET1 capital ratio in Q3 2019," said UniCredit. Investment Banking Deutsche Bank bosses fitted for £1,200 suits as thousands lose their jobs News Aggregation Team Wednesday, July 10, 2019 1:00 am http://europe.managersofwealth.com/article/72996/deutsche-bank-bosses-fitted-for-amppound1200-suits-as-thousands-lose-their-jobs Tailors visited executives at London office on day 18,000 staff cuts were announced Investment Banking Credit Suisse Expands in Portugal News Aggregation Team Wednesday, July 10, 2019 1:00 am http://europe.managersofwealth.com/article/73006/credit-suisse-expands-in-portugal The Swiss bank is also poaching Tiago Saraiva from Bankinter for investment advice. Investment Banking Six Nordic form a joint KYC company Ana Hall Friday, July 05, 2019 1:00 am http://europe.managersofwealth.com/article/72884/six-nordic-form-a-joint-kyc-company The joint venture company is preparing for its first commercial launch in 2020. Investment Banking HSBC chases up to 50 broking clients in renewed UK banking drive News Aggregation Team Thursday, July 04, 2019 1:00 am http://europe.managersofwealth.com/article/72828/hsbc-chases-up-to-50-broking-clients-in-renewed-uk-banking-drive Lender is hiring corporate brokers in its latest push to generate higher fees in its home market Investment Banking Changing attitudes about cyber security Kris Borres Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73137/changing-attitudes-about-cyber-security Companies should embed a risk-based mindset across every level of their organization. Comment, Analysis & Research The growth of private funds Kris Borres Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73140/the-growth-of-private-funds Traditional investment funds function as a collective investment structure – they are simply a vehicle for a range of investors to pool their money together and invest in a project, or multiple projects. Comment, Analysis & Research Highly leveraged mortgages back at pre-crisis peak News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73144/highly-leveraged-mortgages-back-at-pre-crisis-peak Mortgage lenders compete to offer 90 per cent plus loan-to-value deals Comment, Analysis & Research ‘It’s a journey’ – Coutts managing director Mohammed Syed on caring for clients News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73145/amplsquoitamprsquos-a-journeyamprsquo-ampndash-coutts-managing-director-mohammed-syed-on-caring-for-clients Although Coutts is the eighth oldest bank in the world, make no mistake: much like the artwork that adorns the airy London offices, its approach to client services in 2019 is resoundingly modern. Comment, Analysis & Research Top considerations for estate planning Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73148/top-considerations-for-estate-planning According to research, more than half of the UK adult population do not have a will. Comment, Analysis & Research Will Luxembourg Be The Biggest Benefactor Of The E.U.'s Decline News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73152/will-luxembourg-be-the-biggest-benefactor-of-the-euamp039s-decline The agreement was part of many bilateral treaties Switzerland has with the E.U. Comment, Analysis & Research Jersey Finance Comments on UK Parliamentary Review of Beneficial Ownership Information Sharing Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73153/jersey-finance-comments-on-uk-parliamentary-review-of-beneficial-ownership-information-sharing The ‘Exchange of Notes’ with the UK, which was the focus of this review, has been in place since 1 July 2017 Comment, Analysis & Research The Challenges of AML for Law Firms – 2019 Industry Report News Aggregation Team Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73093/the-challenges-of-aml-for-law-firms-ampndash-2019-industry-report The main challenges law firms are facing with AML requirements. Comment, Analysis & Research Mobile Money Transfers to Exceed 200 Billion Transactions in 2024 Mitzi Limlengco Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73108/mobile-money-transfers-to-exceed-200-billion-transactions-in-2024 Social payments are highly appealing to younger users Comment, Analysis & Research PB alts head: the next Black Swan event could be in Germany News Aggregation Team Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73112/pb-alts-head-the-next-black-swan-event-could-be-in-germany What’s more, the restructuring that Deutsche Bank is implementing by cutting 18.000 jobs creates further uncertainty, Lemoisson said. Comment, Analysis & Research How Italy’s favourable new tax regimes can benefit the sports industry News Aggregation Team Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73151/how-italyamprsquos-favourable-new-tax-regimes-can-benefit-the-sports-industry The sports industry is well positioned to take advantage of the new regimes if participants are able to leverage their geographic flexibility. Tax Inheritance tax: top tips on how to minimise your liability by Carl Drummond, Sanlam Ana Hall Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73164/inheritance-tax-top-tips-on-how-to-minimise-your-liability-by-carl-drummond-sanlam No one wants to think about dying, but it’s important to organise your estate to plan for inheritance tax. Tax Changes to inheritance tax look increasingly likely News Aggregation Team Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73095/changes-to-inheritance-tax-look-increasingly-likely The government can choose which of the proposals made by the OTS should go forward but, given the scope of this report, it seems very likely that the current rules will be subject to some change. Tax What Are Property Taxes Like in the South of France? News Aggregation Team Thursday, July 11, 2019 1:00 am http://europe.managersofwealth.com/article/73038/what-are-property-taxes-like-in-the-south-of-france There are a wide variety of fees homeowners and renters must pay—though a break is on the way for many Tax Independent Tax Firm Debuts in United Kingdom Ana Hall Wednesday, July 10, 2019 1:00 am http://europe.managersofwealth.com/article/72966/independent-tax-firm-debuts-in-united-kingdom Has more than 4,500 professionals worldwide and a presence in over 144 locations through its member firms and collaborating firms. Tax KPMG flirts with offloading UK pensions advisory wing News Aggregation Team Tuesday, July 09, 2019 1:00 am http://europe.managersofwealth.com/article/72956/kpmg-flirts-with-offloading-uk-pensions-advisory-wing Now, as the international professional services giant continues to evaluate its priorities in the UK, it has been reported that KPMG is considering the sale of its pensions practice. Tax LEBC responds to OTS Inheritance Tax review recommendations Mitzi Limlengco Monday, July 08, 2019 1:00 am http://europe.managersofwealth.com/article/72916/lebc-responds-to-ots-inheritance-tax-review-recommendations Responding to the report Kay Ingram, Director of Public Policy at financial planners LEBC says: “Inheritance Tax raises only 1% of HMRC revenue. Tax UAE acts for transparency in tax, financial reporting News Aggregation Team Monday, July 08, 2019 1:00 am http://europe.managersofwealth.com/article/72927/uae-acts-for-transparency-in-tax-financial-reporting The OECD's BEPS project, endorsed by the G20 countries, was commissioned with a view to bringing more substance, coherence and transparency to the international taxation system Tax Inside the Luxembourg free port storing riches for the super-wealthy News Aggregation Team Sunday, July 07, 2019 1:00 am http://europe.managersofwealth.com/article/72897/inside-the-luxembourg-free-port-storing-riches-for-the-super-wealthy One of those zones, and a potential model for the UK’s post-Brexit future, can be found at the end of a motorway, in a warehouse backing on to Luxembourg airport. Tax This inheritance tax loophole allows unlimited gifts – take advantage before it's axed News Aggregation Team Friday, July 05, 2019 1:00 am http://europe.managersofwealth.com/article/72871/this-inheritance-tax-loophole-allows-unlimited-gifts-ampndash-take-advantage-before-itamp039s-axed Earlier today we explained how the OTS, an independent advisory body, has called for a radical overhaul of death duties. And a long time coming it is, too. Tax First Bank completes takeover of Bank Leumi Romania News Aggregation Team Thursday, July 11, 2019 1:00 am http://europe.managersofwealth.com/article/73028/first-bank-completes-takeover-of-bank-leumi-romania First Bank received Romania's anti-trust body's nod for the deal in June, two months after it announced plans to acquire 99.9235% of Bank Leumi Romania for an undisclosed price. Retail Banking Bank of Ireland sells UK credit card portfolio to London startup Jaja for £530m News Aggregation Team Friday, June 28, 2019 1:00 am http://europe.managersofwealth.com/article/72708/bank-of-ireland-sells-uk-credit-card-portfolio-to-london-startup-jaja-for-amppound530m The finance firm said it wanted to become a key player in the UK credit card market and that this move was part of a wider strategy to do that. Retail Banking Britain's HSBC to help modern slaves 'rebuild lives' with bank access News Aggregation Team Monday, June 24, 2019 1:00 am http://europe.managersofwealth.com/article/72559/britainamp039s-hsbc-to-help-modern-slaves-amp039rebuild-livesamp039-with-bank-access Banks usually require proof of address and identity documents, like passports, to open accounts, which can exclude victims of slavery and trafficking who may have had these documents confiscated or live in safe houses. Retail Banking RBS expects capital boost from Saudi bank merger Kris Borres Monday, June 17, 2019 1:00 am http://europe.managersofwealth.com/article/72386/rbs-expects-capital-boost-from-saudi-bank-merger RBS said the merger would increase its Common Equity Tier 1 capital ratio--a key measure of balance-sheet strength--by 60 basis points compared with its position as of March 31. Retail Banking 'Bad bank' repays £50bn bailout loan News Aggregation Team Wednesday, June 05, 2019 1:00 am http://europe.managersofwealth.com/article/72110/amp039bad-bankamp039-repays-amppound50bn-bailout-loan Northern Rock imploded when the credit crunch struck, as it was then deprived of cash on the international money markets, which it had used as a source of funds to lend to homeowners. Retail Banking Why Capital Group has no time for 'big name stars' News Aggregation Team Wednesday, May 22, 2019 1:00 am http://europe.managersofwealth.com/article/71798/why-capital-group-has-no-time-for-amp039big-name-starsamp039 Raising the group's profile in the UK Retail Banking Tesco Bank exits mortgage market News Aggregation Team Tuesday, May 21, 2019 1:00 am http://europe.managersofwealth.com/article/71761/tesco-bank-exits-mortgage-market The sale process will remain confidential until a transaction is confirmed and the bank said there would be no changes to customer accounts as a result of the lender’s exit from the mortgage market. Retail Banking Metro advisers rake in £13m fees News Aggregation Team Sunday, May 19, 2019 1:00 am http://europe.managersofwealth.com/article/71717/metro-advisers-rake-in-amppound13m-fees The banks did not agree a minimum price for the underwriting, lessening their risk of ending up with unwanted stock. Retail Banking Danske dumps $4.5bn in kroner as part of bank’s hedging plan News Aggregation Team Friday, May 17, 2019 1:00 am http://europe.managersofwealth.com/article/71688/danske-dumps-45bn-in-kroner-as-part-of-bankamprsquos-hedging-plan Danske’s assets are equivalent to roughly 1 1/2 times Denmark’s gross domestic product. Retail Banking Metro Bank’s woes are a warning: watch the metrics News Aggregation Team Friday, May 17, 2019 1:00 am http://europe.managersofwealth.com/article/71698/metro-bankamprsquos-woes-are-a-warning-watch-the-metrics When a single number becomes all important investors should be wary Retail Banking What high earners need to know about the tapered annual allowance Ana Hall Friday, July 12, 2019 1:00 am http://europe.managersofwealth.com/article/73059/what-high-earners-need-to-know-about-the-tapered-annual-allowance The annual allowance is a limit to the total amount of contributions that can be paid to defined contribution pension schemes and the total amount of benefits that you can build up in defined benefit pension scheme each year, for tax relief purposes. Pensions Four more master trusts get regulator’s green light News Aggregation Team Tuesday, July 02, 2019 1:00 am http://europe.managersofwealth.com/article/72790/four-more-master-trusts-get-regulatoramprsquos-green-light Under the new registration process, master trusts have to hold enough capital to cover the cost of a worst-case scenario Pensions Head of private equity at Dutch pension giant APG to step down News Aggregation Team Friday, June 21, 2019 1:00 am http://europe.managersofwealth.com/article/72548/head-of-private-equity-at-dutch-pension-giant-apg-to-step-down Head of fund investments Greg Jania and head of co-investments Ken Bloomberg will co-head the firm’s private equity program Pensions Rolls-Royce's record pension buy-out advised on by Mercer News Aggregation Team Tuesday, June 18, 2019 1:00 am http://europe.managersofwealth.com/article/72424/rolls-royceamp039s-record-pension-buy-out-advised-on-by-mercer The company – which would enter insolvency in 2019 anyway – transferred over to the Pension Protection Fund (PPF), a government-backed pensions lifeboat. Pensions Final step taken in CMA reform of investment consultants Ana Hall Tuesday, June 11, 2019 1:00 am http://europe.managersofwealth.com/article/72241/final-step-taken-in-cma-reform-of-investment-consultants The CMA has issued its legally-binding Order to help pension trustees make better decisions for £1.6 trillion of retirement assets that they oversee. Pensions Pension deficits increase £63.5bn in May News Aggregation Team Tuesday, June 11, 2019 1:00 am http://europe.managersofwealth.com/article/72252/pension-deficits-increase-amppound635bn-in-may Other DB scheme indices also showed a hike in pension shortfalls. Pensions Spain’s Caixa boosts risk off allocation News Aggregation Team Tuesday, June 04, 2019 1:00 am http://europe.managersofwealth.com/article/72069/spainamprsquos-caixa-boosts-risk-off-allocation Caixa’s equities allocation generated a loss of 8.6 per cent in 2018 compared with a 10.5 per cent gain in 2017, of that, Eurozone equities lost 14.8 per cent while its frontier markets allocation fell 15.1 per cent. Pensions Hargreaves platform back to running normal News Aggregation Team Thursday, May 30, 2019 1:00 am http://europe.managersofwealth.com/article/71944/hargreaves-platform-back-to-running-normal A spokesman for the company said: "A few people had issues logging into their accounts for a short time. Everything is working normally now." Pensions HMRC Makes Reclaiming QROPS Transfer Charge Easier News Aggregation Team Tuesday, May 07, 2019 1:00 am http://europe.managersofwealth.com/article/71405/hmrc-makes-reclaiming-qrops-transfer-charge-easier The main reason for such a claim would be an expat moving to the same country as where their QROPS is based. Pensions AJ Bell inflows fall as DB transfers slow down News Aggregation Team Friday, April 26, 2019 1:00 am http://europe.managersofwealth.com/article/71197/aj-bell-inflows-fall-as-db-transfers-slow-down The platform added 10,000 new customers during the quarter, to bring the total to more than 200,000, with assets under administration on the platform rising by 9 per cent to £40.6bn. Pensions Morgan Stanley retreats from UK investment over Brexit News Aggregation Team Friday, July 12, 2019 1:00 am http://europe.managersofwealth.com/article/73045/morgan-stanley-retreats-from-uk-investment-over-brexit The firm had moved mildly overweight on Australia after a long period of being underweight and Lim said he was positive on the country for three reasons Brexit UK banks ready for no-deal Brexit News Aggregation Team Thursday, July 11, 2019 1:00 am http://europe.managersofwealth.com/article/73036/uk-banks-ready-for-no-deal-brexit “The UK banking system remains strong enough to continue to lend through the wide range of UK economic and financial shocks that could be associated with Brexit,” it added. Brexit UK expats still attracted to Europe despite Brexit News Aggregation Team Friday, July 05, 2019 1:00 am http://europe.managersofwealth.com/article/72858/uk-expats-still-attracted-to-europe-despite-brexit Financial adviser network Blevins Franks discusses the three countries that keep Brits interested with their attractive lower costs of living, tax breaks, insurance bonds and non-resident tax schemes. Brexit Brexit: Investments in the UK by UAE banks surges 23% to $16.6bn News Aggregation Team Wednesday, July 03, 2019 1:00 am http://europe.managersofwealth.com/article/72813/brexit-investments-in-the-uk-by-uae-banks-surges-23-to-166bn United Kingdom is the fastest growing market for UAE lenders Brexit Brexit bill for UK financial services reaches £4bn News Aggregation Team Wednesday, June 26, 2019 1:00 am http://europe.managersofwealth.com/article/72643/brexit-bill-for-uk-financial-services-reaches-amppound4bn EY warns that figure only a ‘drop in the ocean’ amid uncertainty about Britain’s exit Brexit With Brexit, now is the time to consider whether you should move your art Ana Hall Wednesday, June 05, 2019 1:00 am http://europe.managersofwealth.com/article/72084/with-brexit-now-is-the-time-to-consider-whether-you-should-move-your-art Brexit introduces a range of issues that cannot be ignored, especially for artists and investors who wish to be able to display and enjoy their art beyond the borders of the United Kingdom. Brexit EU Exit: Impact on STO under MiFIR Mitzi Limlengco Thursday, May 30, 2019 1:00 am http://europe.managersofwealth.com/article/71950/eu-exit-impact-on-sto-under-mifir ESMA has also given additional attention to the risk of disruption that conflicting EU27 and UK STOs may potentially create, in particular for UK branches of EU27 investment firms and for EU27 branches of UK investment firms. Brexit London development industry confident in overseas investment market despite Brexit uncertainties News Aggregation Team Thursday, May 30, 2019 1:00 am http://europe.managersofwealth.com/article/71961/london-development-industry-confident-in-overseas-investment-market-despite-brexit-uncertainties The spring 2019 LDB was administered after the EU agreed to extend the Brexit date to October 31. Brexit EU softens post-Brexit limit on London trading after rebuke News Aggregation Team Thursday, May 30, 2019 1:00 am http://europe.managersofwealth.com/article/71971/eu-softens-post-brexit-limit-on-london-trading-after-rebuke New approach more likely to minimise risk of disruption, EU regulator says Brexit Business reaction to Theresa May’s departure News Aggregation Team Friday, May 24, 2019 1:00 am http://europe.managersofwealth.com/article/71854/business-reaction-to-theresa-mayamprsquos-departure As our global competitors get sharper and more strategic, Britain is still mired in indecision and uncertainty. Brexit Financial thriving, not just surviving by Close Brothers Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://europe.managersofwealth.com/article/73149/financial-thriving-not-just-surviving-by-close-brothers The political climate has created a sense of paralysis, as people hold off making financial decisions. ESG The future for Guernsey funds look green News Aggregation Team Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73096/the-future-for-guernsey-funds-look-green There is no doubting the increased interest from global investors in green and sustainable finance. ESG MJ Hudson acquires ESG consultancy firm News Aggregation Team Monday, July 15, 2019 1:00 am http://europe.managersofwealth.com/article/73111/mj-hudson-acquires-esg-consultancy-firm The acquisition of the Amsterdam-based ESG business also provides the firm with another operating base in one of Europe and the EU’s key asset management centres. ESG Octopus Renewables: accelerating towards the clean energy future News Aggregation Team Friday, July 12, 2019 1:00 am http://europe.managersofwealth.com/article/73060/octopus-renewables-accelerating-towards-the-clean-energy-future The team works closely with institutional investors to create bespoke portfolios of large-scale renewable energy assets. Recent international expansion has also seen significant new renewable investments in Australia, Finland, France and Italy. ESG Eight asset managers unite for One Planet initiative News Aggregation Team Friday, July 12, 2019 1:00 am http://europe.managersofwealth.com/article/73063/eight-asset-managers-unite-for-one-planet-initiative The framework has set out three principles to accelerate the integration of climate change ESG Substance, governance and impact – the hot topics from HKVCA Asia Venture Capital Forum 2019 News Aggregation Team Wednesday, July 10, 2019 1:00 am http://europe.managersofwealth.com/article/72983/substance-governance-and-impact-ampndash-the-hot-topics-from-hkvca-asia-venture-capital-forum-2019 ESG is becoming a hot topic globally and one which investors and managers will find harder and harder to ignore. ESG Amsterdam Trade Bank Joins Shipping Leaders in Climate Change Initiative News Aggregation Team Monday, July 08, 2019 1:00 am http://europe.managersofwealth.com/article/72899/amsterdam-trade-bank-joins-shipping-leaders-in-climate-change-initiative The Poseidon Principles establish a way to assess and disclose whether financial institutions’ lending portfolios are in line with adopted climate goals ESG Impact investing finds its way on lists of more major players News Aggregation Team Monday, July 08, 2019 1:00 am http://europe.managersofwealth.com/article/72909/impact-investing-finds-its-way-on-lists-of-more-major-players The real objective is providing capital for enterprises that you believe have a positive function overall." ESG UK’s drive for green finance is a boost for Guernsey Mitzi Limlengco Sunday, July 07, 2019 1:00 am http://europe.managersofwealth.com/article/72892/ukamprsquos-drive-for-green-finance-is-a-boost-for-guernsey London’s new Green Finance Institute was launched this week with the aims of finding solutions for sustainable finance, and making London the leading global centre for green finance. ESG Avoiding the greenwash in sustainable investing News Aggregation Team Friday, July 05, 2019 1:00 am http://europe.managersofwealth.com/article/72857/avoiding-the-greenwash-in-sustainable-investing ESG has become the de-facto common denominator for integrating environmental, social and governance risks, but, increasingly, we are seeing ‘sustainable investing' come to the fore. ESG