Managers of Wealth - Europe http://europe.managersofwealth.com/ Thu, 24 Oct 2024 18:25:01 BST part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Praxis named a 2024 eprivateclient Top Trust company News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119469/praxis-named-a-2024-eprivateclient-top-trust-company This accolade follows our recent shortlisting for Trust Company of the Year – Large Firm at the STEP Private Client Awards. Wealth and Asset Management Oak recognised in eprivateclient’s 2024 ranking of Top Trust Companies News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119470/oak-recognised-in-eprivateclientamprsquos-2024-ranking-of-top-trust-companies The rankings recognise the top fiduciary service providers for private clients across the UK and Crown Dependencies. Wealth and Asset Management The Deloitte International Wealth Management Centre Ranking 2024 News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119479/the-deloitte-international-wealth-management-centre-ranking-2024 Seismic waves impacting leading financial centres Wealth and Asset Management BlackRock, Aviva win multi-asset flows as investors brace for CGT shake-up News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119481/blackrock-aviva-win-multi-asset-flows-as-investors-brace-for-cgt-shake-up September marked the first month since January that multi-asset funds in the UK posted net inflows Wealth and Asset Management 26% of European asset managers fail to disclose Waci News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119483/26-of-european-asset-managers-fail-to-disclose-waci This provides a crucial benchmark for evaluating the carbon intensity of investment portfolios and the transition risks carbon-heavy sectors pose. Wealth and Asset Management Ravenscroft announces sale of wealth management business News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119486/ravenscroft-announces-sale-of-wealth-management-business The corporate finance and property management businesses of the wider Ravenscroft group are not included in the transaction, which follows Titan’s acquisition of Ravenscroft’s UK investment management business last year. Wealth and Asset Management Pimfa: Buying Apfa was 'stupid' as it was 'totally defunct' News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119487/pimfa-buying-apfa-was-amp039stupidamp039-as-it-was-amp039totally-defunctamp039 Former Apfa board members Gary Bottriell and Lord Deben were elected to the merged trade association’s board as member and chairperson, respectively, and are still in position. Wealth and Asset Management Blackstone partners with UBS for semi-liquid PE fund distribution News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119492/blackstone-partners-with-ubs-for-semi-liquid-pe-fund-distribution The alts giant partners with the Swiss firm to distribute its private equity fund targeting wealthy investors. Wealth and Asset Management Deutsche Bank reports third-quarter 2024 profit before tax of € 2.3 billion News Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119448/deutsche-bank-reports-third-quarter-2024-profit-before-tax-of-ampeuro-23-billion Post-tax profit was € 1.7 billion, up 39% year on year, or € 1.3 billion excluding the Postbank litigation release, up 8%, compared to post-tax profit of € 1.2 billion in the prior year quarter. Wealth and Asset Management Handelsbanken’s Interim Report January – September 2024 News Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119452/handelsbankenamprsquos-interim-report-january-ampndash-september-2024 During the quarter, the Bank’s market shares of the net inflows to its funds in Sweden and Norway were twice the size of its market shares of outstanding fund volumes. Wealth and Asset Management Triple Point Appoints Rachel Perini as Institutional Sales Director News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119473/triple-point-appoints-rachel-perini-as-institutional-sales-director This new role will advance Triple Point’s fundraising efforts and strengthen its presence among institutional investors, family offices and global consultants. Executive Moves LGT Wealth Management promotes Stone to chief sustainability officer News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119482/lgt-wealth-management-promotes-stone-to-chief-sustainability-officer In her new role as chief sustainability officer, Stone will expand over oversight to the entire business strategy and ensure every decision is embedded with a sustainability lens. Executive Moves Jupiter confirms Global Value Equity fund manager lineup News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119484/jupiter-confirms-global-value-equity-fund-manager-lineup Jupiter also confirmed that Whitmore will exit the firm by 1 November. Executive Moves M&G adds fresh face to AA-rated Vine’s Japan small-cap fund News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119489/mampampg-adds-fresh-face-to-aa-rated-vineamprsquos-japan-small-cap-fund Fund house names deputy manager who will work across UK and Ucits versions of smaller companies strategies. Executive Moves Lombard Odier names new Geneva-based team head News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119490/lombard-odier-names-new-geneva-based-team-head Joel Oreiller has spent the past five years at Banque Internationale à Luxembourg. Executive Moves Eddie Grant to leave SJP's Technical Connection News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119442/eddie-grant-to-leave-sjpamp039s-technical-connection Having joined seven years ago to integrate a small market leading business into the UK’s largest wealth manager, it now feels timely to embark on my next mission. Executive Moves First Sentier Investors hires Swiss Life man News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119449/first-sentier-investors-hires-swiss-life-man The international asset manager First Sentier Investors has appointed Hendrik Neumann as Institutional Business Development Director at its Frankfurt headquarters. Executive Moves Titanbay hires BlackRock veteran for CEO post News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119450/titanbay-hires-blackrock-veteran-for-ceo-post Michael Gruener joins the firm as co-CEO, sharing the role with Ossama Soliman. Executive Moves Step Fourth: Welcome To Our New Joiners News Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119453/step-fourth-welcome-to-our-new-joiners Welcome onboard to Sabin Lungu, Danielle Dawson and Jack Johnston. Executive Moves EFG Bank recruits intermediaries relationship manager from VP Bank News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119454/efg-bank-recruits-intermediaries-relationship-manager-from-vp-bank With the latest hire, EFG Bank von Ernst continues its intermediary recruiting drive in Vaduz. Executive Moves Flagship Government export initiative to be sponsored by Santander UK News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119471/flagship-government-export-initiative-to-be-sponsored-by-santander-uk Santander UK has committed to a three-year sponsorship of a programme of Department for Business and Trade (DBT) events. Legal, Regulation & Compliance Eurex Clearing successfully participates in ECB trials for wholesale digital money pilot News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119472/eurex-clearing-successfully-participates-in-ecb-trials-for-wholesale-digital-money-pilot The initiative, led by the European Central Bank (ECB), aims to explore the potential of distributed ledger technology (DLT) in enhancing financial market infrastructures. Legal, Regulation & Compliance The EBA releases a first draft of the technical package for its 4.0 reporting framework News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119475/the-eba-releases-a-first-draft-of-the-technical-package-for-its-40-reporting-framework This publication aims to provide an early version of the 4.0 release given that its reporting obligations will apply as of the first half of 2025. Legal, Regulation & Compliance The EBA clarifies the procedure for the classification of asset referenced tokens and e-money tokens as significant and the transfer of supervisory powers between the EBA and competent authorities News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119476/the-eba-clarifies-the-procedure-for-the-classification-of-asset-referenced-tokens-and-e-money-tokens-as-significant-and-the-transfer-of-supervisory-powers-between-the-eba-and-competent-authorities The Markets in Crypto Assets Regulation (MiCAR) sets out a new supervisory regime for ART and EMT issuers Legal, Regulation & Compliance McGuireWoods London Earns High Rankings in Legal 500 UK News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119477/mcguirewoods-london-earns-high-rankings-in-legal-500-uk McGuireWoods once again earned nationwide rankings Legal, Regulation & Compliance FOS sees 40% rise in complaints News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119493/fos-sees-40-rise-in-complaints The complaints were made against 242 businesses including banks, insurance and investment firms. Legal, Regulation & Compliance FCA imposes restrictions on Business Agent Limited from regulated activities over 'Nextcrowd' failings News Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119439/fca-imposes-restrictions-on-business-agent-limited-from-regulated-activities-over-amp039nextcrowdamp039-failings The move to restrict Business Agent Limited came on 22 July 2024, after our review exposed significant regulatory breaches. Legal, Regulation & Compliance Weighing risks from US legal limbo to French debt and UK uncertainty News Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119444/weighing-risks-from-us-legal-limbo-to-french-debt-and-uk-uncertainty Not only from US elections, including the possibility of a contested outcome, but also from French debt concerns and the upcoming UK Budget. Legal, Regulation & Compliance UK plans to ease ring-fencing regulations for banks to boost competitiveness News Aggregation Team Tuesday, October 22, 2024 1:00 am http://europe.managersofwealth.com/article/119415/uk-plans-to-ease-ring-fencing-regulations-for-banks-to-boost-competitiveness The current regulations, which require separation of retail and investment banking, were introduced to protect consumers following the 2007-09 financial crisis. Legal, Regulation & Compliance The potential impact of the new UK Listing Rules on securities litigation News Team Tuesday, October 22, 2024 1:00 am http://europe.managersofwealth.com/article/119419/the-potential-impact-of-the-new-uk-listing-rules-on-securities-litigation They represent a radical restructuring of the UK listing regime, with the aims of tackling the decline of the UK’s equity markets and making UK listed companies nimbler in international M&A processes. Legal, Regulation & Compliance Sygnum Establishes Lugano Office and Launches Bitcoin Initiative to Advance Regulated Bitcoin Products and Research News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119480/sygnum-establishes-lugano-office-and-launches-bitcoin-initiative-to-advance-regulated-bitcoin-products-and-research Sygnum’s new Lugano office will serve as a convenient local access point for Sygnum’s expanding roster of Ticino based clients, prospects and partners. FinTech Temenos Announces Q3-24 Results and Slightly Revised FY-24 Guidance; EBIT and EPS Guidance Remain Unchanged News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119485/temenos-announces-q3-24-results-and-slightly-revised-fy-24-guidance-ebit-and-eps-guidance-remain-unchanged Our cash generation remained healthy FinTech Equiom Group Announces Partnership with Quantios to Further Enhance Service Delivery News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119491/equiom-group-announces-partnership-with-quantios-to-further-enhance-service-delivery Equiom’s commitment to enhancing its services, optimising operations, and supporting its growth trajectory over the next four years. FinTech Zurich supports new ex-smoker questions on Iress’s The Exchange News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119494/zurich-supports-new-ex-smoker-questions-on-iressamprsquos-the-exchange The questions will enable Zurich to differentiate ex-smokers from non-smokers, for more precise premiums that accurately reflect individual risk profiles. FinTech Tuum partners with Google Cloud to deliver core banking in EMEA News Aggregation Team Tuesday, October 22, 2024 1:00 am http://europe.managersofwealth.com/article/119438/tuum-partners-with-google-cloud-to-deliver-core-banking-in-emea This collaboration will empower financial institutions with rapid deployment capabilities, seamless integration, and cost-efficient operations, setting a new standard in the FinTech industry. FinTech BBVA ranks among the 15 most advanced banks in AI worldwide News Team Monday, October 21, 2024 1:00 am http://europe.managersofwealth.com/article/119387/bbva-ranks-among-the-15-most-advanced-banks-in-ai-worldwide The Evident AI Index evaluates the degree of implementation of data and AI technologies at the world’s 50 largest banks. FinTech The Crypto-Crackdown: A sign of more regulation to come? News Aggregation Team Monday, October 21, 2024 1:00 am http://europe.managersofwealth.com/article/119390/the-crypto-crackdown-a-sign-of-more-regulation-to-come In the UK, one key regulatory move was made on 10 January 2020 FinTech Broadridge Expands OTC Derivatives Reporting Solution Across Multiple Jurisdictions News Team Monday, October 21, 2024 1:00 am http://europe.managersofwealth.com/article/119407/broadridge-expands-otc-derivatives-reporting-solution-across-multiple-jurisdictions Broadridge is also proactively expanding its offerings to include other updated regulatory regimes and asset classes FinTech Leonteq launches cooperation with Bergos News Team Thursday, October 17, 2024 1:00 am http://europe.managersofwealth.com/article/119341/leonteq-launches-cooperation-with-bergos As part of this cooperation, Bergos will utilise Leonteq’s technology platform to price and trade Bergos guaranteed structured products. FinTech SDX partners with fintech for crypto trading and custody News Aggregation Team Thursday, October 17, 2024 1:00 am http://europe.managersofwealth.com/article/119347/sdx-partners-with-fintech-for-crypto-trading-and-custody Investors can trade with post-trade clearing and settlement, so they do not need to pre-finance trading activities. FinTech World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119440/worldamprsquos-largest-sovereign-wealth-fund-posts-76-billion-in-quarterly-profit-as-interest-rates-fall The fund attributed its performance to a stock market boost from falling interest rates. Alternative Investments Rockfield & Ardian launch European PBSA investment partnership News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119447/rockfield-ampamp-ardian-launch-european-pbsa-investment-partnership The team will bring technical and financial expertise through all phases of the investment cycle Alternative Investments Open infrastructure fund KGAL klimaSUBSTANZ acquires first wind farm News Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119451/open-infrastructure-fund-kgal-klimasubstanz-acquires-first-wind-farm The Bliestorf wind farm is being built around ten kilometers southwest of Lübeck in a windy location, near which KGAL already manages other successful wind farms. Alternative Investments AHR Group’s transparency is its ‘USP’, says co-founder News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119455/ahr-groupamprsquos-transparency-is-its-amplsquouspamprsquo-says-co-founder AHR Group was founded in 2020 following the merger of UAE-headquartered Arlo Wealth and Harrison Rowe, an international advisory business. Alternative Investments Newly merged Barratt Redrow has long road ahead to achieve prior sales volumes and profits News Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119456/newly-merged-barratt-redrow-has-long-road-ahead-to-achieve-prior-sales-volumes-and-profits The combined company also believes that it can expand the use of the Redrow brand and build types into geographical areas historically targeted by Barratt Alternative Investments Wendel to acquire majority stake in private credit manager Monroe Capital News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119461/wendel-to-acquire-majority-stake-in-private-credit-manager-monroe-capital Wendel will acquire 50% stake from Monroe’s management and 25% from Bonaccord Capital Partners. Alternative Investments Fidelity launches two Article 9 high yield active ETFs News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119465/fidelity-launches-two-article-9-high-yield-active-etfs The two new strategies aim to meet growing demand for active ETFs in Europe. Alternative Investments Guardian sets out adviser strategy for 2025 News Aggregation Team Tuesday, October 22, 2024 1:00 am http://europe.managersofwealth.com/article/119417/guardian-sets-out-adviser-strategy-for-2025 It also sets out plans to move into the next phase of the insurer’s journey. Alternative Investments Fund manager discretion is key for the best use of liquidity management tools News Team Tuesday, October 22, 2024 1:00 am http://europe.managersofwealth.com/article/119436/fund-manager-discretion-is-key-for-the-best-use-of-liquidity-management-tools While the ESMA proposal is broadly positive, our members feel certain elements risk being too prescriptive. Alternative Investments Top performing private equity-backed businesses leveraging new leadership to propel growth News Aggregation Team Monday, October 21, 2024 1:00 am http://europe.managersofwealth.com/article/119389/top-performing-private-equity-backed-businesses-leveraging-new-leadership-to-propel-growth Sixth LCap Group Leadership Capital report shows the correlation between optimised leadership and financial performance on exit is becoming increasingly evident Alternative Investments Disposal of non-performing Italian mortgage portfolio News Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119446/disposal-of-non-performing-italian-mortgage-portfolio The sale of the majority of loans within the Portfolio has now completed, with the sale of the remainder expected to complete later in Q4 2024. Investment Banking Britain's Lloyds Bank Q3 profit holds flat, beating forecasts News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119466/britainamp039s-lloyds-bank-q3-profit-holds-flat-beating-forecasts Britain's biggest mortgage lender reported statutory pretax profit for the July-September period Investment Banking Commerzbank deal: Unicredit also gets support from Germany News Aggregation Team Thursday, October 17, 2024 1:00 am http://europe.managersofwealth.com/article/119345/commerzbank-deal-unicredit-also-gets-support-from-germany The fact that this transaction came about with the blessing of the former ECB chief undoubtedly caused some unease in the German cabinet. Investment Banking Italy can't protect its banks if UniCredit buys Commerzbank, union leader says News Aggregation Team Friday, October 11, 2024 1:00 am http://europe.managersofwealth.com/article/119255/italy-canamp039t-protect-its-banks-if-unicredit-buys-commerzbank-union-leader-says The ECB has said large, European banks would be better able to compete with bigger rivals in the United States. Investment Banking ABN AMRO announces interest rate averaging for mortgages News Team Thursday, October 10, 2024 1:00 am http://europe.managersofwealth.com/article/119228/abn-amro-announces-interest-rate-averaging-for-mortgages Whether a given client can benefit from interest rate averaging depends on several factors, including the type of mortgage, the interest rate and the remaining fixed-rate period. Investment Banking European Investment Bank crafts new funding plan to keep startups in the EU News Aggregation Team Wednesday, October 09, 2024 1:00 am http://europe.managersofwealth.com/article/119186/european-investment-bank-crafts-new-funding-plan-to-keep-startups-in-the-eu The focus will be on supporting late-stage growth and (upcoming) unicorns Investment Banking Commerzbank would lose clients in UniCredit merger, German lender's CEO says News Aggregation Team Monday, October 07, 2024 1:00 am http://europe.managersofwealth.com/article/119137/commerzbank-would-lose-clients-in-unicredit-merger-german-lenderamp039s-ceo-says Italy's second-biggest lender after Sanpaolo Intesa has been pressing for a tie-up while Commerzbank has been honing its defence. Investment Banking How a former Jefferies banker is battling burnout: ‘You need to enjoy the ride’ News Aggregation Team Monday, October 07, 2024 1:00 am http://europe.managersofwealth.com/article/119140/how-a-former-jefferies-banker-is-battling-burnout-amplsquoyou-need-to-enjoy-the-rideamprsquo Big investment banks are facing fresh scrutiny over the brutal hours clocked by their junior ranks. Investment Banking Cavendish: City investment bank warns of Budget ‘uncertainty’ News Aggregation Team Monday, October 07, 2024 1:00 am http://europe.managersofwealth.com/article/119143/cavendish-city-investment-bank-warns-of-budget-amplsquouncertaintyamprsquo Our profitable first half, in both public and private markets, demonstrates the broad appeal of our service offering and the efficiency of our platform”, the firm said on Monday. Investment Banking Saxo Bank launches new investor platform in UK News Aggregation Team Friday, October 04, 2024 1:00 am http://europe.managersofwealth.com/article/119094/saxo-bank-launches-new-investor-platform-in-uk As part of the launch, Saxo is offering $0 commissions on 100 of the most popular US stocks from 1 October to 31 December Investment Banking UK's finances stretched close to breaking point ahead of Labour’s first budget News Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119441/ukamp039s-finances-stretched-close-to-breaking-point-ahead-of-labouramprsquos-first-budget The UK’s finances are stretched close to breaking point, as public sector net debt excluding public sector banks estimated at 98.5% of GDP at the end of September 2024. Comment, Analysis & Research HSBC Looks to Escape the Matrix News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119443/hsbc-looks-to-escape-the-matrix When it came to overlapping management and businesses, few global or international banks could match HSBC. Comment, Analysis & Research How Rachel Reeves will bake her UK Budget News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119445/how-rachel-reeves-will-bake-her-uk-budget This is about the cold-hearted business of balancing the books Comment, Analysis & Research World’s largest investment managers see assets hit $128 trillion in return to growth News Team Monday, October 21, 2024 1:00 am http://europe.managersofwealth.com/article/119394/worldamprsquos-largest-investment-managers-see-assets-hit-128-trillion-in-return-to-growth The research also reveals the continued evolution of active vs. passive assets under management among the largest investment managers. Comment, Analysis & Research Tougher risk controls curtail hedge fund trading activity, research shows News Aggregation Team Monday, October 21, 2024 1:00 am http://europe.managersofwealth.com/article/119411/tougher-risk-controls-curtail-hedge-fund-trading-activity-research-shows Credit trading emerged as the most affected area, with hedge funds scaling back activity in response to tighter risk controls. Comment, Analysis & Research Revealed: RSMR names 2024 ‘R Award’ winners News Aggregation Team Friday, October 18, 2024 1:00 am http://europe.managersofwealth.com/article/119365/revealed-rsmr-names-2024-amplsquor-awardamprsquo-winners The ‘R Awards’ recognise the funds RSMR analysts believe to be among the best-in-class Comment, Analysis & Research Infrastructure investments with impact News Team Thursday, October 17, 2024 1:00 am http://europe.managersofwealth.com/article/119331/infrastructure-investments-with-impact Companies participating in the infrastructure boom benefit from an unprecedented pipeline. Comment, Analysis & Research State pension set for 4.1% rise next April News Aggregation Team Thursday, October 17, 2024 1:00 am http://europe.managersofwealth.com/article/119337/state-pension-set-for-41-rise-next-april The rise, which is subject to official confirmation, is due to the triple lock formula. Comment, Analysis & Research Platinum Financial Planning sets out expansion plans News Aggregation Team Thursday, October 17, 2024 1:00 am http://europe.managersofwealth.com/article/119338/platinum-financial-planning-sets-out-expansion-plans Headquartered in Belfast, the independent financial planning firm also has a London office, allowing it to cater to clients across the UK. Comment, Analysis & Research “If Trump wins, the Fed may not be able to lower interest rates to the target level of 3.5%” – an interview with Nannette Hechler-Fayd’herbe News Team Wednesday, October 16, 2024 1:00 am http://europe.managersofwealth.com/article/119323/ampldquoif-trump-wins-the-fed-may-not-be-able-to-lower-interest-rates-to-the-target-level-of-35amprdquo-ampndash-an-interview-with-nannette-hechler-faydamprsquoherbe She also gives her outlook for assets, and defends her current preference for fixed-income over equities. Comment, Analysis & Research KPMG’s Black Entrepreneurs’ Awards 2024 winners News Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119474/kpmgamprsquos-black-entrepreneursamprsquo-awards-2024-winners Four outstanding Black heritage entrepreneurs chosen from over 150 applications Tax HMRC clarifies tax rules for DB pension surplus refunds News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119495/hmrc-clarifies-tax-rules-for-db-pension-surplus-refunds HMRC also confirmed that it will update the guidance included in the Pensions Tax Manual at PTM145200 with examples to reflect this. Tax Chancellor might create ‘experimental’ new tax for the Budget News Aggregation Team Wednesday, October 23, 2024 1:00 am http://europe.managersofwealth.com/article/119460/chancellor-might-create-amplsquoexperimentalamprsquo-new-tax-for-the-budget The creation of a new tax depends on how bold Reeves is and how much of the “black hole” is left to fill. Tax Structuring strategies for a changing tax landscape News Team Tuesday, October 22, 2024 1:00 am http://europe.managersofwealth.com/article/119412/structuring-strategies-for-a-changing-tax-landscape This period of uncertainty has understandably led many clients to adopt a “wait and see” approach as they await the outcome of the upcoming Budget. Tax Tax threshold freeze could drag up to 1.5m pensioners into higher and additional rate tax by 2030 News Aggregation Team Tuesday, October 22, 2024 1:00 am http://europe.managersofwealth.com/article/119420/tax-threshold-freeze-could-drag-up-to-15m-pensioners-into-higher-and-additional-rate-tax-by-2030 For those with a combination of state and private pensions, the hit will be felt even sooner, eroding their incomes at a time when financial security is crucial. Tax ‘Tread carefully’ on taxing the rich, warns Wealth Club News Aggregation Team Tuesday, October 22, 2024 1:00 am http://europe.managersofwealth.com/article/119432/amplsquotread-carefullyamprsquo-on-taxing-the-rich-warns-wealth-club Ultra-wealthy individuals might move abroad if the tax system in the UK becomes too burdensome Tax Will Labour’s inheritance tax revamp be a tax grab or genuine reform? News Aggregation Team Monday, October 21, 2024 1:00 am http://europe.managersofwealth.com/article/119388/will-labouramprsquos-inheritance-tax-revamp-be-a-tax-grab-or-genuine-reform Yet more reports are now suggesting that the government is planning to increase the amount of money it raises in inheritance tax Tax Almost half of business owners would consider leaving UK if Budget delivers tax blows News Team Friday, October 18, 2024 1:00 am http://europe.managersofwealth.com/article/119382/almost-half-of-business-owners-would-consider-leaving-uk-if-budget-delivers-tax-blows The UK-wide survey of 500 business owners with turnovers of £5m upwards reveals that nearly half (48%) would consider moving their businesses abroad if tax changes on October 30th were clearly unfavourable. Tax Chancellor mulls CGT rise on sale of shares, but second homes to be excluded News Team Thursday, October 17, 2024 1:00 am http://europe.managersofwealth.com/article/119344/chancellor-mulls-cgt-rise-on-sale-of-shares-but-second-homes-to-be-excluded Without a delay before implementation, higher CGT rates might encourage individuals to hold onto their assets longer Tax Removing IHT tax break on AIM stocks ‘might make it unfit for purpose’ News Aggregation Team Monday, October 14, 2024 1:00 am http://europe.managersofwealth.com/article/119266/removing-iht-tax-break-on-aim-stocks-amplsquomight-make-it-unfit-for-purposeamprsquo The AIM is a sub-market of the London Stock Exchange that is designed to help smaller companies access capital from the public market. Tax NatWest launches building efficiency assessment tool News Aggregation Team Thursday, October 24, 2024 1:00 am http://europe.managersofwealth.com/article/119478/natwest-launches-building-efficiency-assessment-tool The tool will provide a quick insight on how customers can potentially improve the energy efficiency of their buildings and benefit from associated cost savings. Retail Banking These neobanks score points in retail banking News Aggregation Team Thursday, October 17, 2024 1:00 am http://europe.managersofwealth.com/article/119339/these-neobanks-score-points-in-retail-banking Raiffeisen ranks 4th in the 2024 Consumer Bank Ranking for Switzerland with 62.9 score points. Retail Banking Santander scoops best ESG initiative in payments prize at Pay360 Awards News Team Friday, October 04, 2024 1:00 am http://europe.managersofwealth.com/article/119092/santander-scoops-best-esg-initiative-in-payments-prize-at-pay360-awards The bank has received this accolade alongside Giesecke+Devrient (G+D), its partner in the processing and recycling of bank cards to turn them into street furniture. Retail Banking Greece kicks off sale of stake in National Bank which could raise €727m News Aggregation Team Monday, September 30, 2024 1:00 am http://europe.managersofwealth.com/article/118988/greece-kicks-off-sale-of-stake-in-national-bank-which-could-raise-ampeuro727m The price range has been set to between €7.30 to €7.95, Greece's bank bailout fund HFSF (Hellenic Financial Stability Fund) said on Monday. Retail Banking VersaBank Recognized for continuing leadership in banking technology News Team Thursday, September 26, 2024 1:00 am http://europe.managersofwealth.com/article/118948/versabank-recognized-for-continuing-leadership-in-banking-technology Bank Named CIO Awards Canada Winner by IDC and CIO Retail Banking Majority of advisers say consumer duty has been positive News Aggregation Team Wednesday, September 25, 2024 1:00 am http://europe.managersofwealth.com/article/118904/majority-of-advisers-say-consumer-duty-has-been-positive At the start of the all day event, advisers present voted by 92 per cent to 8 per cent that the new rules have had a positive impact. Retail Banking Nationwide offers £175 bank account switching bonus and 1% cashback News Aggregation Team Wednesday, September 25, 2024 1:00 am http://europe.managersofwealth.com/article/118908/nationwide-offers-amppound175-bank-account-switching-bonus-and-1-cashback Previously when it has offered this switching bonus, it has seen a record number of people switch account. Retail Banking Santander announces its participation in Project Agorá News Team Monday, September 23, 2024 1:00 am http://europe.managersofwealth.com/article/118852/santander-announces-its-participation-in-project-agorampaacute The BIS and the IIF selected a diverse set of firms from applicants that met the eligibility requirements and other criteria laid out in the public call for participation. Retail Banking ING customer switch: the bulk of onboarding wave has passed News Aggregation Team Monday, September 23, 2024 1:00 am http://europe.managersofwealth.com/article/118860/ing-customer-switch-the-bulk-of-onboarding-wave-has-passed The process of off-boarding ING customers is therefore not yet complete. Retail Banking Retail banking study 2035: Adaptability and new advisory approaches as the key to future success News Team Thursday, September 19, 2024 1:00 am http://europe.managersofwealth.com/article/118800/retail-banking-study-2035-adaptability-and-new-advisory-approaches-as-the-key-to-future-success Despite the downward trend, margins still have a comfortable crumple zone. Retail Banking ESG considerations driving food and drink industry acquisitions News Team Monday, April 29, 2024 1:00 am http://europe.managersofwealth.com/article/116007/esg-considerations-driving-food-and-drink-industry-acquisitions Businesses are increasingly conscious of the importance of ESG in M&A. Pensions Schroders Greencoat eyes deal for scandal-hit solar operator – reports News Aggregation Team Monday, November 13, 2023 12:00 am http://europe.managersofwealth.com/article/112765/schroders-greencoat-eyes-deal-for-scandal-hit-solar-operator-ampndash-reports The infrastructure unit is a leading contender to buy Toucan Energy, which collapsed a year ago amid a local government scandal. Pensions Pensions allowance tax charges hit record high News Aggregation Team Thursday, March 24, 2022 12:00 am http://europe.managersofwealth.com/article/99923/pensions-allowance-tax-charges-hit-record-high The total value of LTA charges reported by schemes stood at £342mn in 2019-20. This is a 21 per cent increase from £283mn in the previous period. Pensions Pensions industry fires back at Opperman criticism News Team Wednesday, March 16, 2022 12:00 am http://europe.managersofwealth.com/article/99678/pensions-industry-fires-back-at-opperman-criticism Opperman’s remarks went down badly with a number of the industry’s leading voices. Pensions XPS partners with Abrdn to launch DB pensions master trust News Aggregation Team Tuesday, March 08, 2022 12:00 am http://europe.managersofwealth.com/article/99435/xps-partners-with-abrdn-to-launch-db-pensions-master-trust “This new solution should really help bring governance and efficiency improvements to the benefit of thousands of pension scheme members." Pensions Pension providers call for personalised advice rules News Aggregation Team Monday, March 07, 2022 12:00 am http://europe.managersofwealth.com/article/99382/pension-providers-call-for-personalised-advice-rules “UK’s advice rules (from MiFID) prevent firms providing personalised support to customers given the liability risk," it said in its submission. Pensions Government authorises use of dormant pension assets to "change people's lives for the better" News Team Thursday, March 03, 2022 12:00 am http://europe.managersofwealth.com/article/99279/government-authorises-use-of-dormant-pension-assets-to-ampquotchange-peopleamp039s-lives-for-the-betterampquot The UK Government has now announced an expansion of the scheme, which will be expanded to cover pensions, insurance, investment and wealth management accounts. Pensions €43bn pension fund cuts external fund exposure by half in two years News Aggregation Team Friday, February 25, 2022 12:00 am http://europe.managersofwealth.com/article/99130/ampeuro43bn-pension-fund-cuts-external-fund-exposure-by-half-in-two-years Assets under external management hit lowest levels for nearly a decade, as Swedish group focuses on interal efforts. Pensions Pensions platform Guiide considers institutional funding News Aggregation Team Thursday, February 24, 2022 12:00 am http://europe.managersofwealth.com/article/99063/pensions-platform-guiide-considers-institutional-funding Primarily the new funding will be used to develop Guiide+, an extension to its free online pension modelling tools. Pensions Northern Trust Supports AMF News Team Monday, February 21, 2022 12:00 am http://europe.managersofwealth.com/article/98943/northern-trust-supports-amf The implementation of the directive demanded important changes and enhancements to pension fund providers’ business models spanning risk management, governance and member communications. Pensions Nordea Asset Management wins 2024 PRI Award for engagement on methane emissions News Team Thursday, October 17, 2024 1:00 am http://europe.managersofwealth.com/article/119354/nordea-asset-management-wins-2024-pri-award-for-engagement-on-methane-emissions We are honored to receive the 2024 PRI Recognition for Action – Climate award. Planet SOS Balance of power: how EVs will help regulate tomorrow’s energy system News Team Wednesday, October 16, 2024 1:00 am http://europe.managersofwealth.com/article/119303/balance-of-power-how-evs-will-help-regulate-tomorrowamprsquos-energy-system The earthquake and resulting tsunami was one of the most ruinous natural disasters in the history of Japan. Planet SOS Pink rice serves up alternative to carbon-intensive meat News Team Thursday, October 10, 2024 1:00 am http://europe.managersofwealth.com/article/119200/pink-rice-serves-up-alternative-to-carbon-intensive-meat The pink ‘beef-rice’ is the latest iteration of lab-grown meat to trot on to the burgeoning alternative-protein scene. Planet SOS EBRD invests €100 million in Green Genius News Team Monday, October 07, 2024 1:00 am http://europe.managersofwealth.com/article/119124/ebrd-invests-ampeuro100-million-in-green-genius The proceeds will support the firm’s European growth strategy, which includes the development of more than 2 GW of renewable energy. Planet SOS Nordex Group receives order for 66 MW from the UK News Team Thursday, October 03, 2024 1:00 am http://europe.managersofwealth.com/article/119064/nordex-group-receives-order-for-66-mw-from-the-uk The order also includes a Premium Service contract for the turbines over 30 years. Planet SOS Sharp rise in fossil energy consumption in Dutch industry News Team Wednesday, October 02, 2024 1:00 am http://europe.managersofwealth.com/article/119031/sharp-rise-in-fossil-energy-consumption-in-dutch-industry The climate and energy crises have increased the importance of measuring sustainability in industry. Planet SOS Mercia backs seven-figure buy-out at environmental consultancy News Team Wednesday, October 02, 2024 1:00 am http://europe.managersofwealth.com/article/119040/mercia-backs-seven-figure-buy-out-at-environmental-consultancy It allows the founder Colin Jones to realise his investment in the company though he will continue to provide strategic advice in the role of Non-executive Chairman. Planet SOS Macquarie Asset Management agrees to acquire ZITON, a specialist in offshore wind O&M services, from Permira Credit News Team Tuesday, October 01, 2024 1:00 am http://europe.managersofwealth.com/article/119016/macquarie-asset-management-agrees-to-acquire-ziton-a-specialist-in-offshore-wind-oampampm-services-from-permira-credit The European offshore wind market is currently the largest in the world and it continues to play a key role in securing the region’s energy security and transition. Planet SOS Credit Agricole unit buys into 127-MW wind portfolio in France News Aggregation Team Monday, September 30, 2024 1:00 am http://europe.managersofwealth.com/article/118997/credit-agricole-unit-buys-into-127-mw-wind-portfolio-in-france The company, which finances renewable energy projects and is also involved in the supply of electricity, has set a goal of having 2 GW of installed renewable energy capacity by 2028. Planet SOS Asset owners urged to prioritise decarbonisation over short-term returns News Aggregation Team Friday, September 27, 2024 1:00 am http://europe.managersofwealth.com/article/118971/asset-owners-urged-to-prioritise-decarbonisation-over-short-term-returns It stated that legal discussions surrounding fiduciary duty have opened the door for asset owners Planet SOS