Managers of Wealth - Europe http://europe.managersofwealth.com/ Mon, 18 Nov 2019 21:05:49 GMT part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Lombard Odier named Private Bank of the Year News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76394/lombard-odier-named-private-bank-of-the-year Lombard Odier beat off stiff competition to win the ‘Private Bank of the Year (International)’ title from three other shortlisted banks: Goldman Sachs, UBS and Nedbank Private Wealth. Wealth and Asset Management Kingswood Group aims for global expansion News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76396/kingswood-group-aims-for-global-expansion “We want to grow UK assets to GBP10 billion with the same in the US and GBP2.5 billion in Asia.” Wealth and Asset Management Tilney wins again at the FT awards News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76400/tilney-wins-again-at-the-ft-awards Tilney was also named Best Wealth Manager for Tax Services. Wealth and Asset Management The wealth management industry needs to innovate News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76411/the-wealth-management-industry-needs-to-innovate Wealth managers have invested heavily in their ability to offer the latest and most newsworthy technologies. Wealth and Asset Management The Final Battle by Tim Price News Team Sunday, November 17, 2019 12:00 am http://europe.managersofwealth.com/article/76371/the-final-battle-by-tim-price A mature and sensible democracy would ask questions about the efficacy of government spending, as opposed to simply engaging in acts of chest-beating machismo over the size of the national chequebook. Wealth and Asset Management Leaked document reveals the UK’s priciest wealth managers News Aggregation Team Sunday, November 17, 2019 12:00 am http://europe.managersofwealth.com/article/76374/leaked-document-reveals-the-ukamprsquos-priciest-wealth-managers It is notoriously difficult to compare these, as each firm will levy different fees. Several do not publish their costs online. Wealth and Asset Management Here’s Why Millennials Are the Holistic Wealth Generation News Aggregation Team Sunday, November 17, 2019 12:00 am http://europe.managersofwealth.com/article/76375/hereamprsquos-why-millennials-are-the-holistic-wealth-generation Millennials are ambitious and want to earn a high salary and be wealthy, but they want to achieve this in a holistic way. Wealth and Asset Management Norway fund shuns G4S over human rights violation risks News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76334/norway-fund-shuns-g4s-over-human-rights-violation-risks Many of G4S's employees in in Qatar and the United Arab Emirates are migrant workers who paid recruitment fees to join the company Wealth and Asset Management The birth of £11 billion giant News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76355/the-birth-of-amppound11-billion-giant Premier Miton launches Wealth and Asset Management GAM closes multi-asset fund led by Hatheway News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76362/gam-closes-multi-asset-fund-led-by-hatheway The fund had CHF 29.5 million in assets under management at the end of August. Wealth and Asset Management Adviser launches tax business News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76395/adviser-launches-tax-business The former tax partner at Mazars said the new launch of tax services would mean better communication and improved outcomes for clients. Executive Moves Catella CEO to depart News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76401/catella-ceo-to-depart Recruitment of a new CEO begins immediately with the ambition of finding a CEO who can lead the company's continued growth journey." Executive Moves Appointment to the Board of Directors of Accuro Holdings News Team Sunday, November 17, 2019 12:00 am http://europe.managersofwealth.com/article/76368/appointment-to-the-board-of-directors-of-accuro-holdings Mustafa is an English qualified lawyer and has also completed a notable secondment acting as general counsel to the family office of a prominent Middle Eastern family in London. Executive Moves SANNE announces new real estate director appointment News Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76335/sanne-announces-new-real-estate-director-appointment She joins SANNE after gaining valuable industry experience leading teams providing accounting and reporting services to funds and multijurisdictional structures investing into alternative assets Executive Moves Law firm takes on two consultants News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76365/law-firm-takes-on-two-consultants Barry Smith brings 42 years of experience in the financial industry to DQ. Executive Moves Shoosmiths appoints Thomas Morrison to financial services team in London News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76366/shoosmiths-appoints-thomas-morrison-to-financial-services-team-in-london “I joined Shoosmiths because they have a strong focus on client service and cross-firm collaboration to deliver better client outcomes." Executive Moves Aegon Asset Management appoints Head of Emerging Market Debt News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76367/aegon-asset-management-appoints-head-of-emerging-market-debt He was also as a senior member of the Credit Investment Committee responsible for overseeing investments in all credit-related strategies. Executive Moves Gaëlle Olivier named Chief Executive Officer for Societe Generale Asia Pacific News Team Thursday, November 14, 2019 12:00 am http://europe.managersofwealth.com/article/76313/gaampeumllle-olivier-named-chief-executive-officer-for-societe-generale-asia-pacific This appointment will be effective starting 2 January 2020 and is subject to the approval of regulatory authorities. Executive Moves GAM appoints Steve Rafferty as chief operating officer News Team Thursday, November 14, 2019 12:00 am http://europe.managersofwealth.com/article/76318/gam-appoints-steve-rafferty-as-chief-operating-officer Steve, a qualified accountant and CFA, brings two decades of experience in asset management. Executive Moves Hampden & Co hires Andrew Bell as Chief Commercial Officer News Aggregation Team Thursday, November 14, 2019 12:00 am http://europe.managersofwealth.com/article/76323/hampden-ampamp-co-hires-andrew-bell-as-chief-commercial-officer Andrew has built an impressive career in financial services, specialising in the high net worth market, and we believe he can further enhance the service we offer to clients. Executive Moves London Stock Exchange lists QIIB’s $300m Sukuk News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76380/london-stock-exchange-lists-qiibamprsquos-300m-sukuk The issue was priced at fixed rate of 4.875 percent p.a, and this is the lowest pricing ever of this AT1 from the GCC. Legal, Regulation & Compliance Better information exchange would improve supervision of anti-money laundering News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76384/better-information-exchange-would-improve-supervision-of-anti-money-laundering It said the exchange of information should not duplicate efforts or impair either supervisor’s independence. Legal, Regulation & Compliance European insurance regulators ramp up focus on climate change News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76385/european-insurance-regulators-ramp-up-focus-on-climate-change The European Insurance and Occupational Pensions Authority (EIOPA) will focus its regulatory efforts in the coming years on climate-related risks Legal, Regulation & Compliance EU must overhaul pensions; fees to blame News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76387/eu-must-overhaul-pensions-fees-to-blame With government pensions on the decline, and occupational ones covering only a minority of citizens and pension needs, public authorities are asking EU citizens to save more and earlier for retirement. Legal, Regulation & Compliance EU adopts framework for sanctions on Turkey News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76392/eu-adopts-framework-for-sanctions-on-turkey This decision is a direct follow-up to the Council conclusions of 14 October 2019 Legal, Regulation & Compliance Private debt fund growth continues News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76399/private-debt-fund-growth-continues The authorities are also facilitating in ways that promote and ease access to this type of financing Legal, Regulation & Compliance How America's oldest bank became a money laundering hub for post-Soviet Russia News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76402/how-americaamp039s-oldest-bank-became-a-money-laundering-hub-for-post-soviet-russia Soviet banks were handled by a Russian aristocrat from the highest echelons of tsarist society Legal, Regulation & Compliance Competition Authority probes FNZ / GBST merger News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76403/competition-authority-probes-fnz-gbst-merger This date is the current statutory deadline by when the decision will be announced. Legal, Regulation & Compliance Ex CEO paid wife out of salary to avoid tax News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76409/ex-ceo-paid-wife-out-of-salary-to-avoid-tax Mr Forsyth has referred the Decision Notices to the Upper Tribunal where the parties will present their respective cases. Legal, Regulation & Compliance Open Finance: an opportunity for financial services by Sheldon Mills, FCA News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76410/open-finance-an-opportunity-for-financial-services-by-sheldon-mills-fca Your input will be crucial in helping us understand how we can best contribute to the wider project Legal, Regulation & Compliance EU Antitrust Officers Are Taking a opinion Into Apple Pay, iPhone NFC Chips News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76381/eu-antitrust-officers-are-taking-a-opinion-into-apple-pay-iphone-nfc-chips In an email commentary to Bloomberg, regulators confirmed the placement of work became as soon as monitoring “possible anti-aggressive market practices and abusive conduct” without naming Apple. FinTech Natixis Investment Managers Chooses ALPIMA For Web-Based Portfolio Design News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76390/natixis-investment-managers-chooses-alpima-for-web-based-portfolio-design Aziz Diallo, Head of Structuring team, Natixis, Investment Managers Solutions, says: “ALPIMA’s platform offers the flexibility, quantitative capabilities and inter-operability we are looking for. FinTech Hargreaves selects German firm as adviser fintech partner News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76405/hargreaves-selects-german-firm-as-adviser-fintech-partner aixigo will support Hargreaves Lansdown’s growing Advisory Service and their Advisers FinTech RBS to open first 'cashless bank' with no ATM or cashier service News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76350/rbs-to-open-first-amp039cashless-bankamp039-with-no-atm-or-cashier-service Video banking, where people can book appointments to talk to bankers via video chat will be available FinTech Avaloq completes acquisition News Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76351/avaloq-completes-acquisition The acquisition puts Avaloq at the forefront of utilizing differentiating data for structured product and ETF markets on its platform. FinTech Standard Chartered partners with Quantexa to tackle financial crime News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76352/standard-chartered-partners-with-quantexa-to-tackle-financial-crime The platform will enable Standard Chartered to conduct “complex financial thematic investigations” more efficiently and effectively. FinTech Societe Generale signs the Sustainable IT Charter News Team Thursday, November 14, 2019 12:00 am http://europe.managersofwealth.com/article/76316/societe-generale-signs-the-sustainable-it-charter Societe Generale's corporate and social responsibility relates not only to our choices of financing and investment but also to the way in which we carry out our activities. FinTech Italian Banking Association opens AI hub News Team Wednesday, November 13, 2019 12:00 am http://europe.managersofwealth.com/article/76302/italian-banking-association-opens-ai-hub With the founding of the AI Hub, in a collaborative international setting, ABI Lab will focus on gathering and analysing case studies, monitoring the regulatory framework, and involving Italian banks FinTech Banking tech could lead to discrimination, says ex-regulator News Aggregation Team Tuesday, November 12, 2019 12:00 am http://europe.managersofwealth.com/article/76235/banking-tech-could-lead-to-discrimination-says-ex-regulator Banks can now more accurately identify ‘unprofitable’ or costly customers FinTech Avaloq’s e-banking solution live with another bank News Team Tuesday, November 12, 2019 12:00 am http://europe.managersofwealth.com/article/76237/avaloqamprsquos-e-banking-solution-live-with-another-bank The portal was already based on the Avaloq platform and offers customers self-service functionalities such as a financial assistant or foreign currency orders. FinTech Campari Group readies French distribution purchase News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76382/campari-group-readies-french-distribution-purchase The put option means Campari has the exclusive right to buy while negotiations are ongoing. Alternative Investments Dutch government tries to avoid cuts to pension payouts News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76404/dutch-government-tries-to-avoid-cuts-to-pension-payouts Millions of retirees face reductions to their incomes for first time next year Alternative Investments Swiss Bourse to take over Spanish stock exchange News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76407/swiss-bourse-to-take-over-spanish-stock-exchange The price of the Offer is €34.00 per share of BME, implying the maximum amount payable by SIX of €2,843m. Alternative Investments Aberdeen Standard Investment 2020 Market Outlook News Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76336/aberdeen-standard-investment-2020-market-outlook James McCann, Senior Global Economist at Aberdeen Standard Investments, highlights key themes that are set to influence the global economy and investment landscape in 2020 Alternative Investments BNP Paribas unveils sustainable real estate ETF News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76349/bnp-paribas-unveils-sustainable-real-estate-etf The ETF is likely to appeal to investors seeking European real estate exposure Alternative Investments Premier Miton Investors launches News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76361/premier-miton-investors-launches The combined group also has "greater financial strength and scale, and enhanced distribution relationships with UK financial advisers, wealth managers and platforms", it added. Alternative Investments Spearvest acquires CHF 36m premier property in Switzerland News Team Thursday, November 14, 2019 12:00 am http://europe.managersofwealth.com/article/76320/spearvest-acquires-chf-36m-premier-property-in-switzerland International wealth management firm boosts real estate portfolio with a major acquisition of commercial property. Alternative Investments Danish pension fund awards Nordea sustainable mandate News Aggregation Team Thursday, November 14, 2019 12:00 am http://europe.managersofwealth.com/article/76321/danish-pension-fund-awards-nordea-sustainable-mandate The pension fund selected Nordea following public tender where it received 17 offers. Alternative Investments True Potential platform tops £10bn in assets News Aggregation Team Thursday, November 14, 2019 12:00 am http://europe.managersofwealth.com/article/76322/true-potential-platform-tops-amppound10bn-in-assets Mr Harrison said: "Going through the £10bn mark is an important milestone for True Potential and it underlines how important it was for us to take greater control through our platform rebuild. Alternative Investments Octopus acquires nine wind farms in deals worth over EUR100m News Team Thursday, November 14, 2019 12:00 am http://europe.managersofwealth.com/article/76324/octopus-acquires-nine-wind-farms-in-deals-worth-over-eur100m The two acquisitions represent an addition to Octopus’s considerable European renewables portfolio. Alternative Investments ABN Amro’s Q3 profit drops 24 percent on higher costs for client oversight News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76393/abn-amroamprsquos-q3-profit-drops-24-percent-on-higher-costs-for-client-oversight Dutch finance minister Wopke Hoekstra said in September he would talk to banks about the consequences of negative interest rates, but resisted calls by politicians for an outright ban of them on smaller deposits. Investment Banking ECB Group hires UBS, Barclays as financial advisors for large HVO plant News Aggregation Team Tuesday, November 12, 2019 12:00 am http://europe.managersofwealth.com/article/76227/ecb-group-hires-ubs-barclays-as-financial-advisors-for-large-hvo-plant Erasmo Battistella, head of the ECB Group, said on the sidelines of the BiodieselBR 2019 Conference in Sao Paolo that the company has bought the land for the plant near Assuncion and is finalising the project. Investment Banking European Investment Bank Expands Trade & Investment Insurance Benefits to West Africa News Team Tuesday, November 12, 2019 12:00 am http://europe.managersofwealth.com/article/76262/european-investment-bank-expands-trade-ampamp-investment-insurance-benefits-to-west-africa Agreements for intended financing signed at African Investment Forum Investment Banking Credit Agricole third-quarter profit rises as its investment bank shines News Aggregation Team Friday, November 08, 2019 12:00 am http://europe.managersofwealth.com/article/76158/credit-agricole-third-quarter-profit-rises-as-its-investment-bank-shines Revenue rose by 4.8% to 5.0 billion euros. Investment Banking Why Being Forced To Shrink Investment Banking Arm Was A Good Thing For RBS News Aggregation Team Thursday, November 07, 2019 12:00 am http://europe.managersofwealth.com/article/76128/why-being-forced-to-shrink-investment-banking-arm-was-a-good-thing-for-rbs The large-scale reorganization plan was triggered by conditions imposed on RBS as a part of its bail-out at the peak of the recession as well as stricter regulatory changes in the wake of the downturn. Investment Banking Goldman’s journey: from high finance to the Mittelstand News Aggregation Team Thursday, November 07, 2019 12:00 am http://europe.managersofwealth.com/article/76129/goldmanamprsquos-journey-from-high-finance-to-the-mittelstand Fighting to fix weak profits, the Wall Street bank is turning to smaller European companies Investment Banking How Safe Are Bank Dividends? News Aggregation Team Thursday, November 07, 2019 12:00 am http://europe.managersofwealth.com/article/76130/how-safe-are-bank-dividends We are mindful that banks by their very nature are cyclical businesses and that earnings will fluctuate. Investment Banking Lazard looks in-house for next crop of French rainmakers News Aggregation Team Wednesday, November 06, 2019 12:00 am http://europe.managersofwealth.com/article/76052/lazard-looks-in-house-for-next-crop-of-french-rainmakers Lazard ranks as France’s second biggest advisory firm after BNP Paribas for the first 10 months of 2019, Refinitiv data showed. Investment Banking SocGen's restructuring dents third-quarter results but lifts capital buffer News Aggregation Team Wednesday, November 06, 2019 12:00 am http://europe.managersofwealth.com/article/76056/socgenamp039s-restructuring-dents-third-quarter-results-but-lifts-capital-buffer The bank continued deleveraging by reducing risk-weighted assets Investment Banking SocGen third-quarter profit slumps 34% as investment banking weakens News Team Wednesday, November 06, 2019 12:00 am http://europe.managersofwealth.com/article/76070/socgen-third-quarter-profit-slumps-34-as-investment-banking-weakens Global Banking & Investor Solutions delivered resilient net income in an unfavourable environment Investment Banking CIO Weekly - Don't Give Up on a Fed Rate Cut by Gary Dugan News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76391/cio-weekly-donamp039t-give-up-on-a-fed-rate-cut-by-gary-dugan The Atlanta Fed’s GDP Now and the New York Fed’s GDP Nowcast estimate of fourth-quarter GDP growth based on the flow of economic data fell to a range of 0.3% to 0.4%. Comment, Analysis & Research Strong management v bullying: can you tell the difference? News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76397/strong-management-v-bullying-can-you-tell-the-difference Put simply, one person’s strong performance management may be perceived as bullying behaviour by the person who is on the receiving end of that management. Comment, Analysis & Research Emotional finance and the role of the fund manager News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76406/emotional-finance-and-the-role-of-the-fund-manager Awareness of an investor’s emotions is equally key. Comment, Analysis & Research Untangling the true cost of financial advice News Aggregation Team Sunday, November 17, 2019 12:00 am http://europe.managersofwealth.com/article/76376/untangling-the-true-cost-of-financial-advice Our survey of leading firms demystifies the charges you face. Comment, Analysis & Research Former Ireland international Gareth Farrelly urges footie stars to be ‘proactive’ ensuring they don’t end up broke News Aggregation Team Sunday, November 17, 2019 12:00 am http://europe.managersofwealth.com/article/76378/former-ireland-international-gareth-farrelly-urges-footie-stars-to-be-amplsquoproactiveamprsquo-ensuring-they-donamprsquot-end-up-broke “There needs to be an increased awareness around this issue as it is so critically important.” Comment, Analysis & Research Norwegian wealth fund drops G4S News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76339/norwegian-wealth-fund-drops-g4s In addition, workers were expected to work long hours without overtime payment. Comment, Analysis & Research Morningstar confirms fund rating changes post methodology change News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76341/morningstar-confirms-fund-rating-changes-post-methodology-change Those updates will ensure the Quantitative Rating continues to strongly align with the Analyst Rating." Comment, Analysis & Research Money flows from equity to fixed income in latest monthly Swedish fund stats News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76348/money-flows-from-equity-to-fixed-income-in-latest-monthly-swedish-fund-stats Balanced funds had inflows of SEK2.7bn, while hedge funds attracted SEK1bn. Comment, Analysis & Research Syz AM manager on why he favours Italian government bonds News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76364/syz-am-manager-on-why-he-favours-italian-government-bonds Globally, he favours US and Canadian government bonds. Comment, Analysis & Research Home repossessions increase by almost a fifth News Team Thursday, November 14, 2019 12:00 am http://europe.managersofwealth.com/article/76333/home-repossessions-increase-by-almost-a-fifth UK Finance said a backlog of older cases is partly behind the rise in the third quarter. Comment, Analysis & Research How you can mitigate against paying inheritance tax News Aggregation Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76386/how-you-can-mitigate-against-paying-inheritance-tax In 2019/20 where the deceased leaves a residence, or the sale proceeds of a residence, there is a residence nil rate band of £150,000. Tax HNWIs fear tax rises News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76337/hnwis-fear-tax-rises The second is ETF model portfolio firm Algo-Chain’s Allan Lane who tells Philippa Aylmer how investors can gear up to face pre-Election market uncertainty with ETFs. Tax KPMG to slash Partner headcount despite making profit News Aggregation Team Thursday, November 14, 2019 12:00 am http://europe.managersofwealth.com/article/76312/kpmg-to-slash-partner-headcount-despite-making-profit Among this sea of change, though, KPMG UK still seems to be on course to make a tidy profit in 2019. Tax Could this be the election where ‘non-dom’ tax status dies in a ditch? By Chris Etherington News Aggregation Team Wednesday, November 13, 2019 12:00 am http://europe.managersofwealth.com/article/76277/could-this-be-the-election-where-amplsquonon-domamprsquo-tax-status-dies-in-a-ditch-by-chris-etherington While voters await the publication of the Labour and Conservative election manifestos, one anticipated battleground is the respective parties’ tax policies for the wealthiest in society. In particular, individuals benefiting from non-UK domiciled (& Tax Important tax considerations when de-enveloping UK property News Team Wednesday, November 13, 2019 12:00 am http://europe.managersofwealth.com/article/76300/important-tax-considerations-when-de-enveloping-uk-property The new rules seek to eliminate the longstanding advantages of this practise. Tax Partner profit falls at scandal-hit Grant Thornton News Aggregation Team Tuesday, November 12, 2019 12:00 am http://europe.managersofwealth.com/article/76231/partner-profit-falls-at-scandal-hit-grant-thornton The deal between the duo has since created an entity with a gross annual revenue of approximately £600 million. Tax Tax uncertainty facing the UK election is main concern for HNWIs News Aggregation Team Tuesday, November 12, 2019 12:00 am http://europe.managersofwealth.com/article/76255/tax-uncertainty-facing-the-uk-election-is-main-concern-for-hnwis It is the uncertainty of what future tax legislation there may be and not being able to plan, rather than not wanting to pay their fair share of taxes. Tax Europeans scramble for bank access due to US threats News Aggregation Team Monday, November 11, 2019 12:00 am http://europe.managersofwealth.com/article/76199/europeans-scramble-for-bank-access-due-to-us-threats The bank customers who received these letters were all "accidental Americans," people who automatically obtained US citizenship because they were born in the United States but who've lived their entire lives in Europe. Tax Greece to offer tax incentives in bid to attract wealthy foreigners News Aggregation Team Friday, November 08, 2019 12:00 am http://europe.managersofwealth.com/article/76141/greece-to-offer-tax-incentives-in-bid-to-attract-wealthy-foreigners The tax incentive will run for a duration of up to 15-years and will include the benefit of no inheritance tax for assets outside Greece," a senior government official told Reuters. Tax Altmann's plans for a new pension tax system News Aggregation Team Friday, November 08, 2019 12:00 am http://europe.managersofwealth.com/article/76161/altmannamp039s-plans-for-a-new-pension-tax-system Baroness Altmann said these unintended consequences must be addressed quickly. Tax Bank of China brokers deal to buy €155m Goodbody News Aggregation Team Sunday, November 17, 2019 12:00 am http://europe.managersofwealth.com/article/76369/bank-of-china-brokers-deal-to-buy-ampeuro155m-goodbody Chinese will take an initial 75% stake in Irish financial services firm Retail Banking ABN AMRO profit falls as bank announces plan to strengthen financial crime detection News Aggregation Team Wednesday, November 13, 2019 12:00 am http://europe.managersofwealth.com/article/76271/abn-amro-profit-falls-as-bank-announces-plan-to-strengthen-financial-crime-detection Operating income fell to EUR854 million from EUR1.09 billion, ABN AMRO said. Retail Banking Crédit Agricole shares fall as French retail banking disappoints News Aggregation Team Friday, November 08, 2019 12:00 am http://europe.managersofwealth.com/article/76154/crampeacutedit-agricole-shares-fall-as-french-retail-banking-disappoints Results for the third quarter and the first nine months of 2019 Retail Banking CaixaBank opens Barcelona flagship hub News Team Wednesday, November 06, 2019 12:00 am http://europe.managersofwealth.com/article/76071/caixabank-opens-barcelona-flagship-hub Alongside the visual elements and technology, the “all in one” Barcelona experience is rounded off with a range of services and possibilities that go beyond strictly banking. Retail Banking Jyske Bank lowers outlook, rival Sydbank hikes interest rates News Aggregation Team Wednesday, October 30, 2019 12:00 am http://europe.managersofwealth.com/article/75893/jyske-bank-lowers-outlook-rival-sydbank-hikes-interest-rates It will also initiate a cost-cutting programme, including staff reductions, so costs in 2020 would equal slightly rising costs this year. Retail Banking Santander profits take a £169m hit over PPI claims News Aggregation Team Wednesday, October 30, 2019 12:00 am http://europe.managersofwealth.com/article/75896/santander-profits-take-a-amppound169m-hit-over-ppi-claims Pre-tax profits plummeted by 43% to £785m as Santander took a PPI charge of £169m. Retail Banking Spain's Bankia says lending income could fall slightly in 2019 News Aggregation Team Monday, October 28, 2019 12:00 am http://europe.managersofwealth.com/article/75831/spainamp039s-bankia-says-lending-income-could-fall-slightly-in-2019 On Monday it posted a 23% drop in third-quarter net profit from a year earlier to 176 million euros due to higher litigation and loan loss provisions, slightly above an average of 173 million euros forecast by a Reuters poll. Retail Banking European banks run out of options to protect profits News Aggregation Team Tuesday, October 22, 2019 1:00 am http://europe.managersofwealth.com/article/75681/european-banks-run-out-of-options-to-protect-profits Negative interest rates, new regulations and sluggish economy mean tougher challenges Retail Banking Banco Santander sells Puerto Rico unit to FirstBank for €1bn News Aggregation Team Tuesday, October 22, 2019 1:00 am http://europe.managersofwealth.com/article/75686/banco-santander-sells-puerto-rico-unit-to-firstbank-for-ampeuro1bn The transaction is expected to close in the middle of 2020, subject to regulatory approvals. Retail Banking Efma and Accenture Announce Winners of Customer Insight & Growth Banking Innovation Awards News Aggregation Team Thursday, October 17, 2019 1:00 am http://europe.managersofwealth.com/article/75587/efma-and-accenture-announce-winners-of-customer-insight-ampamp-growth-banking-innovation-awards The winners were selected by a panel of judges comprising senior retail bankers from around the world and by Efma members and non-members from retail institutions who voted online. Retail Banking 2020 must see the Government become bold on pensions News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76353/2020-must-see-the-government-become-bold-on-pensions We are now in a world where more people than ever before are saving into workplace pensions and having more freedom over how to use their savings once they retire. Pensions Pensions body joins climate risk group News Aggregation Team Friday, November 15, 2019 12:00 am http://europe.managersofwealth.com/article/76354/pensions-body-joins-climate-risk-group The UK's PLSA represents more than 1,300 pension schemes with combined assets of over £1 trillion Pensions British expats face losing £50k with pension freeze News Aggregation Team Tuesday, November 12, 2019 12:00 am http://europe.managersofwealth.com/article/76247/british-expats-face-losing-amppound50k-with-pension-freeze Britons who decide to retire to a country with no social security agreement with the UK could lose as much as £50,000 in pension income over the years as a result of their pension being frozen. Pensions Pension Schemes Bill (Part 1) News Team Thursday, October 31, 2019 12:00 am http://europe.managersofwealth.com/article/75931/pension-schemes-bill-part-1 Directors, banks and investors put on notice as new criminal sanctions and regulatory powers are significantly wider than expected Pensions FSCS receives 78 claims against firm linked to collapsed DFM News Aggregation Team Thursday, October 03, 2019 1:00 am http://europe.managersofwealth.com/article/75148/fscs-receives-78-claims-against-firm-linked-to-collapsed-dfm The FSCS said it is now accepting claims against Pension Calculator's principal NJ Associates, although that firm has not yet been declared in default. Pensions UK fund trade body warns companies over existing directors' pensions News Aggregation Team Friday, September 27, 2019 1:00 am http://europe.managersofwealth.com/article/75026/uk-fund-trade-body-warns-companies-over-existing-directorsamp039-pensions On Friday, the IA issued guidance for companies ahead of the 2020 season for annual general meetings and warned any company which did not have a “credible” plan in place to move existing directors to the less generous schemes would be called o Pensions Sanlam asks network to stop DB transfers News Aggregation Team Wednesday, September 18, 2019 1:00 am http://europe.managersofwealth.com/article/74760/sanlam-asks-network-to-stop-db-transfers "Our network members also have the freedom to guide their clients using Unbiased, where appropriate." Pensions Lane Clark & Peacock eyes KPMG UK pensions advisory arm News Aggregation Team Tuesday, September 03, 2019 1:00 am http://europe.managersofwealth.com/article/74340/lane-clark-ampamp-peacock-eyes-kpmg-uk-pensions-advisory-arm This year has been a phenomenal year for LCP Pensions British expats pensions risk being frozen under no deal Brexit News Aggregation Team Monday, September 02, 2019 1:00 am http://europe.managersofwealth.com/article/74303/british-expats-pensions-risk-being-frozen-under-no-deal-brexit The move, which would affect current pensioners and people who planned to retire in EU countries, opened the threat of removing automatic increases that expat pensioners receive as a result of Britain's EU membership. Pensions Italian funds appoint Neuberger Berman to run joint private equity mandate News Aggregation Team Friday, August 30, 2019 1:00 am http://europe.managersofwealth.com/article/74253/italian-funds-appoint-neuberger-berman-to-run-joint-private-equity-mandate The five investors in the consortium are Foncer, Fondenergia, Fondo Gomma Plastica, Pegaso and Previmoda. Pensions Brexit investing: what wealth managers have learned News Aggregation Team Thursday, November 07, 2019 12:00 am http://europe.managersofwealth.com/article/76121/brexit-investing-what-wealth-managers-have-learned We asked a number leading wealth managers what investment calls they have got right, what they have got wrong and how they are navigating the current outlook. Brexit Jersey and Guernsey Islanders fear Channel Islands are unprepared for Brexit News Aggregation Team Thursday, October 31, 2019 12:00 am http://europe.managersofwealth.com/article/75917/jersey-and-guernsey-islanders-fear-channel-islands-are-unprepared-for-brexit The survey also asked people in the Isle of Man their opinions on Brexit. Here, the majority (51%) of people asked wanted Brexit to happen. Brexit Corbyn’s election rejection means MORE strife for the pound and UK economy News Team Friday, October 25, 2019 1:00 am http://europe.managersofwealth.com/article/75796/corbynamprsquos-election-rejection-means-more-strife-for-the-pound-and-uk-economy “Job-generating, tax-paying, wealth-creating businesses need certainty.” Brexit Brexit could cause a broad ‘investor strike,’ UBS chairman warns News Aggregation Team Monday, October 21, 2019 1:00 am http://europe.managersofwealth.com/article/75620/brexit-could-cause-a-broad-amplsquoinvestor-strikeamprsquo-ubs-chairman-warns S&P Global Ratings calculated in the spring that Brexit had, by last April, cost the U.K. economy $86 billion. Brexit Brexit - the never ending saga News Team Monday, October 21, 2019 1:00 am http://europe.managersofwealth.com/article/75651/brexit-the-never-ending-saga By Rupert Thompson, Head of Research at Henderson Rowe Brexit UK and EU strike new Brexit deal after last-ditch talks News Aggregation Team Thursday, October 17, 2019 1:00 am http://europe.managersofwealth.com/article/75563/uk-and-eu-strike-new-brexit-deal-after-last-ditch-talks He called on British lawmakers to back the deal when it’s put before Parliament on Saturday. Brexit Brexit deal reaction: recession averted? News Team Thursday, October 17, 2019 1:00 am http://europe.managersofwealth.com/article/75571/brexit-deal-reaction-recession-averted Importantly this is a big step toward avoiding a no-deal Brexit where the UK would have crashed out of the EU possibly causing a damaging recession. Brexit Profile: Kleinwort's bank boss on why 25% of clients have new managers News Aggregation Team Thursday, October 10, 2019 1:00 am http://europe.managersofwealth.com/article/75342/profile-kleinwortamp039s-bank-boss-on-why-25-of-clients-have-new-managers Kleinwort Hambro managing director and head of private banking Paul Kearney talks frankly about his Bresxit fears and why he shook-up the company client facing staff Brexit EU Exit: Government No-Deal Readiness Report News Team Wednesday, October 09, 2019 1:00 am http://europe.managersofwealth.com/article/75318/eu-exit-government-no-deal-readiness-report We were no longer part of what was essentially an economic community, but instead members of a full-blown political union with large budgets, a foreign relations component and subject to huge tracts of regulation on everything from clinical trials to VAT. Brexit British ignorance about Northern Ireland has heavy economic cost News Aggregation Team Wednesday, October 02, 2019 1:00 am http://europe.managersofwealth.com/article/75117/british-ignorance-about-northern-ireland-has-heavy-economic-cost Brexit offers London, Dublin and Brussels opportunity to see North needs a second wind Brexit Priorities of the new European Commission for Sustainability and green Finance by Valdis Dombrovskis News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76383/priorities-of-the-new-european-commission-for-sustainability-and-green-finance-by-valdis-dombrovskis There are significant broader issues to tackle as well, both in Europe and globally. Planet SOS UK green energy outlook News Team Monday, November 18, 2019 12:00 am http://europe.managersofwealth.com/article/76408/uk-green-energy-outlook The move to renewals poses several challenges for both the national grid and the UK energy sector Planet SOS Carbon Neutral Isn’t Enough News Aggregation Team Sunday, November 17, 2019 12:00 am http://europe.managersofwealth.com/article/76379/carbon-neutral-isnamprsquot-enough The United Nations’ Intergovernmental Panel on Climate Change says average global temperatures cannot be allowed to exceed Planet SOS How climate change will alter the taste of the world's great wines News Aggregation Team Wednesday, November 13, 2019 12:00 am http://europe.managersofwealth.com/article/76279/how-climate-change-will-alter-the-taste-of-the-worldamp039s-great-wines Be prepared for flavour fluctuations as rising temperatures reduce acidity and boost sugar levels. Planet SOS ESG can be a reputational risk for the investment industry News Aggregation Team Tuesday, November 12, 2019 12:00 am http://europe.managersofwealth.com/article/76223/esg-can-be-a-reputational-risk-for-the-investment-industry But is it really enough to transfer the responsibility for the fund selection over to a third party to avoid reputational risk? Planet SOS Ex-Edoma trader homes in on ESG sector with hedge fund launch News Aggregation Team Tuesday, November 12, 2019 12:00 am http://europe.managersofwealth.com/article/76257/ex-edoma-trader-homes-in-on-esg-sector-with-hedge-fund-launch Quentin Dumortier sets up Atlas Global Investors to focus on responsible investments Planet SOS HSBC Ireland planning to invest millions in green projects here News Aggregation Team Monday, November 11, 2019 12:00 am http://europe.managersofwealth.com/article/76182/hsbc-ireland-planning-to-invest-millions-in-green-projects-here Investment in renewable projects is on the way as HSBC Ireland CEO warns SMEs to embrace green, writes Sean Pollock Planet SOS Water risks should be incorporated into investment processes News Aggregation Team Monday, November 11, 2019 12:00 am http://europe.managersofwealth.com/article/76188/water-risks-should-be-incorporated-into-investment-processes The report also identified a number of water risks which may be ignored by investors but which should be brought into processes. Planet SOS Banks must adopt decarbonisation strategy ahead of imminent climate crisis News Aggregation Team Monday, November 11, 2019 12:00 am http://europe.managersofwealth.com/article/76192/banks-must-adopt-decarbonisation-strategy-ahead-of-imminent-climate-crisis While delays in tackling climate change could cost companies up to $1.2 trillion over the next 15 years, the report also reveals that a $1.8 trillion investment in climate adaptation by 2030 could yield $7.1 trillion in benefits. Planet SOS Guernsey Green Finance receives £300,000 boost News Team Thursday, November 07, 2019 12:00 am http://europe.managersofwealth.com/article/76087/guernsey-green-finance-receives-amppound300000-boost Guernsey Finance Chairman Lyndon Trott laid the original amendment to secure funding in the island’s Budget debate which was unopposed. Planet SOS