Managers of Wealth - Europe http://europe.managersofwealth.com/ Sat, 27 Apr 2024 13:28:50 BST part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Pollen Street Capital acquisition of Mattioli Woods approved by over 95% of shareholders News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115974/pollen-street-capital-acquisition-of-mattioli-woods-approved-by-over-95-of-shareholders The acquisition of Mattioli Woods by Pollen Street Capital was approved by over 95% of shareholders who voted. Wealth and Asset Management Wealth manager Q&A with Caroline Kitidis: Tech it or leave it News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115975/wealth-manager-qampampa-with-caroline-kitidis-tech-it-or-leave-it Global head of ultra-high net worth at HSBC Global Private Banking, on the importance of remaining open-minded and willing to embrace. Wealth and Asset Management J. Safra Sarasin Group Reports Strong Results for 2023 News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115980/j-safra-sarasin-group-reports-strong-results-for-2023 Group net profit rose by 6.9% to CHF 470.3 million in 2023 from CHF 440.2 million in 2022. Wealth and Asset Management Mirova and Phitrust put biodiversity on the agenda of CAC 40 general meetings News Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115982/mirova-and-phitrust-put-biodiversity-on-the-agenda-of-cac-40-general-meetings Mirova and Phitrust are working to promote these standards to companies, particularly those high biodiversity stakes. Wealth and Asset Management T+1 Could See Swiss Private Bankers Doing Night Shifts Soon News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115984/t1-could-see-swiss-private-bankers-doing-night-shifts-soon The Swiss financial hub won't be able to avoid the prevailing trend worldwide towards ever-higher transaction speeds and frequencies for much longer. Wealth and Asset Management BNP Paribas Group: Results as at 31 March 2024 News Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115985/bnp-paribas-group-results-as-at-31-march-2024 BNP Paribas confirms its 2024 trajectory – revenues more than 2% higher than 2023 Wealth and Asset Management NatWest hits close to £1bn in profit in Q1 2024 News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115993/natwest-hits-close-to-amppound1bn-in-profit-in-q1-2024 Operating profit before tax totalled £1,330m for NatWest in Q1 2024, which was higher than the £1,257m in Q4 2023 but lower year-on-year. Wealth and Asset Management Schroders posts rise in assets as it looks to rebound from ‘challenging’ year News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115997/schroders-posts-rise-in-assets-as-it-looks-to-rebound-from-amplsquochallengingamprsquo-year The news comes after Schroders announced on Wednesday that veteran chief executive Peter Harrison would retire next year. Wealth and Asset Management REYL Intesa Sanpaolo represents ARTEX’s paying agent News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115947/reyl-intesa-sanpaolo-represents-artexamprsquos-paying-agent REYL Intesa Sanpaolo works as a paying agent for ARTEX through its asset services product unit. Wealth and Asset Management Deutsche Bank wins Best Structured Trade Finance, Best New Economy and Best NBFI Bank in APAC News Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115948/deutsche-bank-wins-best-structured-trade-finance-best-new-economy-and-best-nbfi-bank-in-apac The bank’s ability to bring its Global Hausbank offering to clients won out at this year’s The Asset awards Wealth and Asset Management ZKB poaches global equity outperformer from boutique News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115983/zkb-poaches-global-equity-outperformer-from-boutique Vincent Lagger has also managed emerging markets funds for GAM. Executive Moves Ex-Odey partner exits Lancaster IM after five months for Argonaut role News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115986/ex-odey-partner-exits-lancaster-im-after-five-months-for-argonaut-role James Kostoris will lead a new three-strong distribution team at Barry Norris’s firm. Executive Moves Compagnie Financière Tradition SA appoints industry veteran Michel Everaert as Global Head of E-Commerce and Digitalization News Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115989/compagnie-financiampegravere-tradition-sa-appoints-industry-veteran-michel-everaert-as-global-head-of-e-commerce-and-digitalization Tradition has already transitioned much of its transactional flow to automated and hybrid execution, with many platforms and processes integral to its large global client base. Executive Moves Thomas von Hohenhau becomes the new advisory board at Everon News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115990/thomas-von-hohenhau-becomes-the-new-advisory-board-at-everon His role will be to provide the company with technical and strategic support in the future. Executive Moves RBC Brewin Dolphin veteran joins former colleagues at Brooks News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115991/rbc-brewin-dolphin-veteran-joins-former-colleagues-at-brooks Ceri Hill becomes part of Brooks Macdonald’s Cardiff team, reuniting with Martin Gierach and Andrew Lewis, who also came from RBC Brewin Dolphin. Executive Moves iPipeline hires new CFO to accelerate strategic growth News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115996/ipipeline-hires-new-cfo-to-accelerate-strategic-growth Boone has built an impressive track record in his 17-year-plus career Executive Moves EFG International announces the appointment of Yves Maas as Chair of the Board of EFG Bank (Luxembourg) S.A. News Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115956/efg-international-announces-the-appointment-of-yves-maas-as-chair-of-the-board-of-efg-bank-luxembourg-sa Yves Maas is a highly respected figure within the European banking industry. Executive Moves Nick Mangan Joins UBS Global Wealth Management as Head of Private Clients in Jersey News Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115957/nick-mangan-joins-ubs-global-wealth-management-as-head-of-private-clients-in-jersey As Head of Private Clients, Nick is leading a team of talented Client Advisers to grow and develop what is an already strong local franchise with private clients, trust companies and family offices. Executive Moves Tenet appoints new CEO to replace Helen Ball News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115963/tenet-appoints-new-ceo-to-replace-helen-ball She will be succeeded by Stephen Vickers, who is currently the group’s programme director. Executive Moves Barclays Wealth asset allocation head Jean-Paul Jaegers departs after six years News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115965/barclays-wealth-asset-allocation-head-jean-paul-jaegers-departs-after-six-years The news follows Barclays recently naming Sasha Wiggins as CEO of its private bank and wealth management division. Executive Moves Ex-Manulife financial adviser gets 12 year ban over S$1.2m ‘fictitious investment’ transfer News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115949/ex-manulife-financial-adviser-gets-12-year-ban-over-s12m-amplsquofictitious-investmentamprsquo-transfer The banning order was issued following Ong’s conviction in the State Courts for cheating offences Legal, Regulation & Compliance FCA charges man with fraud over £2.7m investment scheme News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115955/fca-charges-man-with-fraud-over-amppound27m-investment-scheme Maggs is alleged to have operated an unauthorised investment scheme called 'Kube Trading' Legal, Regulation & Compliance What’s next? Bulk annuity insurers – Regulatory developments − speech by Lisa Leaman News Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115960/whatamprsquos-next-bulk-annuity-insurers-ampndash-regulatory-developments-ampminus-speech-by-lisa-leaman Given at Westminster and City’s 21st Annual Conference on Bulk Annuities Legal, Regulation & Compliance FCA is keeping close eye on systemic risk following private equity fears News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115962/fca-is-keeping-close-eye-on-systemic-risk-following-private-equity-fears As high interest rates raise the risk of losses for banks and the private equity sector is heavily reliant on debt, regulators are stepping up their scrutiny of private equity markets. Legal, Regulation & Compliance Calls for urgent reform of LoA process after report reveals wasted cost News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115968/calls-for-urgent-reform-of-loa-process-after-report-reveals-wasted-cost The LoA is a gateway process for individuals navigating financial advice or pension transfers Legal, Regulation & Compliance How have financial firms adapted with Consumer Duty implementation? News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115970/how-have-financial-firms-adapted-with-consumer-duty-implementation The Consumer Duty regulation has already shown it will have a long-lasting impact Legal, Regulation & Compliance FCA proposes extension of the SDR regime to portfolio managers News Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115973/fca-proposes-extension-of-the-sdr-regime-to-portfolio-managers The proposals to extend the regime are primarily aimed at wealth management services for individuals and model portfolios for retail investors. Legal, Regulation & Compliance FCA extends SDR rules to portfolio managers News Aggregation Team Wednesday, April 24, 2024 1:00 am http://europe.managersofwealth.com/article/115940/fca-extends-sdr-rules-to-portfolio-managers This will include model portfolios, customised portfolios and/or bespoke portfolio management services. Legal, Regulation & Compliance 50% of Emea firms seek clearer AML regulations News Aggregation Team Wednesday, April 24, 2024 1:00 am http://europe.managersofwealth.com/article/115941/50-of-emea-firms-seek-clearer-aml-regulations Despite the digital push, 35% of respondents see skilled staff as vital for effective AML compliance, hindering digital tool adoption that could boost the detection of suspicious activities. Legal, Regulation & Compliance Retirement advice review will see more advisers outsource solutions News Aggregation Team Wednesday, April 24, 2024 1:00 am http://europe.managersofwealth.com/article/115943/retirement-advice-review-will-see-more-advisers-outsource-solutions In response to the FCA’s review, Brooks Macdonald and The Verve Group published a retirement income whitepaper to help advice firms translate the FCA’s guidelines around building a central retirement proposition. Legal, Regulation & Compliance SJP academy head: Treading the technology tightrope News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115959/sjp-academy-head-treading-the-technology-tightrope It’s a dance between embracing the future and honouring the profession’s foundational principles. FinTech Fundpath Secures Further £2m Investment From Fuel Ventures News Team Wednesday, April 24, 2024 1:00 am http://europe.managersofwealth.com/article/115924/fundpath-secures-further-amppound2m-investment-from-fuel-ventures This funding round completes as Fundpath’s client base reaches a key milestone, with 100 asset management firms onboarded. FinTech Luxury investments platform Konvi acquires competitors Diversified and Fractible News Aggregation Team Tuesday, April 23, 2024 1:00 am http://europe.managersofwealth.com/article/115889/luxury-investments-platform-konvi-acquires-competitors-diversified-and-fractible The acquisitions have enabled Konvi to tap what it describes as the “key market” of France, with the platforms’ current investments set to transfer to its app this month. FinTech Zopa is in no rush to IPO, but the digital banks are coming for the incumbents News Aggregation Team Tuesday, April 23, 2024 1:00 am http://europe.managersofwealth.com/article/115891/zopa-is-in-no-rush-to-ipo-but-the-digital-banks-are-coming-for-the-incumbents The likes of JPMorgan Chase and Goldman Sachs might have a stronger competitor than they realise FinTech Paris-based fintech RockFi raises €3M just three months after its official launch News Aggregation Team Tuesday, April 23, 2024 1:00 am http://europe.managersofwealth.com/article/115909/paris-based-fintech-rockfi-raises-ampeuro3m-just-three-months-after-its-official-launch RockFi will use the funds to triple its workforce, which currently has 15 employees, by the year-end, expanding its team of private bankers and wealth management experts to cover all of France. FinTech How digitalization and generation change are driving the development of the wealthtech industry News Aggregation Team Monday, April 22, 2024 1:00 am http://europe.managersofwealth.com/article/115873/how-digitalization-and-generation-change-are-driving-the-development-of-the-wealthtech-industry This includes stimulating the rapid development of the wealthtech industry. FinTech Appital Equips Asset Managers with Liquidity Stream Feature News Aggregation Team Monday, April 22, 2024 1:00 am http://europe.managersofwealth.com/article/115884/appital-equips-asset-managers-with-liquidity-stream-feature It empowers deal originators on the buyside to proactively stimulate unique liquidity in the market prior to the launch of a deal. FinTech BNP Paribas brings Tap to Pay on iPhone to French retailers with payment scheme CB News Team Friday, April 19, 2024 1:00 am http://europe.managersofwealth.com/article/115827/bnp-paribas-brings-tap-to-pay-on-iphone-to-french-retailers-with-payment-scheme-cb With BNP Paribas, Tap to Pay on iPhone is compatible with CB FinTech Global Finance Names The Innovators 2024 – Top Financial Innovations by Category News Team Friday, April 19, 2024 1:00 am http://europe.managersofwealth.com/article/115840/global-finance-names-the-innovators-2024-ampndash-top-financial-innovations-by-category The June issue will also include the Most Innovative Banks and Fintechs and the Top Global Financial Innovations. FinTech UK investors picked to test out new Vanguard app News Aggregation Team Friday, April 19, 2024 1:00 am http://europe.managersofwealth.com/article/115857/uk-investors-picked-to-test-out-new-vanguard-app The firm will then invite a selection to test it out. FinTech LIBF and TFA Collaborate to Launch Internationally Recognised Certifications in Banking and Trade Finance in Saudi Arabia News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115979/libf-and-tfa-collaborate-to-launch-internationally-recognised-certifications-in-banking-and-trade-finance-in-saudi-arabia The financial education powerhouses are introducing three new public certifications in the banking and trade and transaction banking space. Alternative Investments Alphabet responds to AI critics with strong results, while Microsoft keeps delivering News Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115987/alphabet-responds-to-ai-critics-with-strong-results-while-microsoft-keeps-delivering While it may not be able to replicate its share of the market in search once AI tools are fully up and running, it will remain a significant player and one of the innovators of the tech world. Alternative Investments Franklin Templeton launches catholic principles ETF aligned with ESG values News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115988/franklin-templeton-launches-catholic-principles-etf-aligned-with-esg-values The ETF targets companies with lower carbon exposure and higher ESG ratings, requiring at least a ‘BB’ rating from MSCI ESG Ratings. Alternative Investments American private equity firm to snap up Darktrace for £4.3bn News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115994/american-private-equity-firm-to-snap-up-darktrace-for-amppound43bn It said the acquisition offer provides shareholders with the chance to receive a fair value for their shares in cash Alternative Investments Maples Group Moves to New London Office with a focus on Clients, People and Collaboration News Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115998/maples-group-moves-to-new-london-office-with-a-focus-on-clients-people-and-collaboration The Maples Group's London office is part of a global, integrated team of nearly 3,000 people across 16 offices worldwide Alternative Investments Franklin Templeton launches MSCI World Catholic Principles UCITS ETF News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115950/franklin-templeton-launches-msci-world-catholic-principles-ucits-etf This latest offering brings the total number of Article 8 compliant ETFs to 12 in the Franklin Templeton ETF range Alternative Investments Robeco and Lombard Odier collaborate on PrivilEdge Fund News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115951/robeco-and-lombard-odier-collaborate-on-priviledge-fund Robeco and Lombard Odier team up to create the new PrivilEdge Fund Alternative Investments Schroders Capital and iCapital team up to expand global private equity access News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115953/schroders-capital-and-icapital-team-up-to-expand-global-private-equity-access In this collaboration, Schroders Capital will use iCapital’s technology platform and operating system to manage the investment and education experience at scale. Alternative Investments Ultumus partners with Calastone to ‘streamline’ ETF creation-redemption News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115961/ultumus-partners-with-calastone-to-amplsquostreamlineamprsquo-etf-creation-redemption The firm’s ETF creation redemption platform – COSMOS – was launched in 2023 and improves connections between authorised participants (APs), asset managers and transfer agents. Alternative Investments Quant hedge funds enjoy bumper start to 2024 News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115966/quant-hedge-funds-enjoy-bumper-start-to-2024 Trend-followers profit from bets on rocketing cocoa price and against sinking yen Alternative Investments JPMorgan Chase Opens New Glasgow Office News Team Wednesday, April 24, 2024 1:00 am http://europe.managersofwealth.com/article/115921/jpmorgan-chase-opens-new-glasgow-office The 270,000 square foot building is designed to adapt to the future of work and provide a world-class experience for employees with large open floors and modern amenities across 14 storeys. Investment Banking Lloyds, HSBC, Barclays and Natwest set for profit boost as interest rate cuts thrown into doubt News Aggregation Team Monday, April 22, 2024 1:00 am http://europe.managersofwealth.com/article/115864/lloyds-hsbc-barclays-and-natwest-set-for-profit-boost-as-interest-rate-cuts-thrown-into-doubt The following week will see HSBC and Santander’s results on the Tuesday and Standard Chartered’s earnings on the Thursday. Investment Banking Olymp the dealmaker is still out of reach for UBS News Aggregation Team Friday, April 12, 2024 1:00 am http://europe.managersofwealth.com/article/115710/olymp-the-dealmaker-is-still-out-of-reach-for-ubs New data now shows that the combined major Swiss bank still has to make an effort here. Investment Banking Barclays poised to cut hundreds of investment bank jobs, sources say News Aggregation Team Thursday, March 21, 2024 12:00 am http://europe.managersofwealth.com/article/115286/barclays-poised-to-cut-hundreds-of-investment-bank-jobs-sources-say The cuts come after a torrid year for dealmaking for the wider banking industry and as Barclays pursues a revamped strategy that prioritizes expansion of its higher-returning consumer bank. Investment Banking British Business Bank launches sequel to billion pound Northern Powerhouse fund News Aggregation Team Thursday, March 21, 2024 12:00 am http://europe.managersofwealth.com/article/115289/british-business-bank-launches-sequel-to-billion-pound-northern-powerhouse-fund The second Northern fund comes after the British Business Bank launched the £400m Midlands Engine Investment Fund II last month. Investment Banking Nationwide confirms offer for Virgin Money News Aggregation Team Thursday, March 21, 2024 12:00 am http://europe.managersofwealth.com/article/115297/nationwide-confirms-offer-for-virgin-money Nationwide’s board agreed that a binding offer to acquire Virgin Money was in the best interests of the society, and its present and future members. Investment Banking Santander CIB named global leader in export finance for second year running News Team Monday, March 18, 2024 12:00 am http://europe.managersofwealth.com/article/115198/santander-cib-named-global-leader-in-export-finance-for-second-year-running The bank’s global scale and local knowledge of the sectors and markets where its clients operate has enabled Santander CIB to stay ahead of its competitors in a year when transaction volumes soared. Investment Banking Lloyds Bank backs new £62m community development fund News Aggregation Team Wednesday, March 06, 2024 12:00 am http://europe.managersofwealth.com/article/114985/lloyds-bank-backs-new-amppound62m-community-development-fund The fund is being managed by CDFI Social Investment Scotland (SIS), and along with the investment from Lloyds Investment Banking Citigroup's surprise layoff suggests the perils of being promoted. News Aggregation Team Wednesday, February 28, 2024 12:00 am http://europe.managersofwealth.com/article/114860/citigroupamp039s-surprise-layoff-suggests-the-perils-of-being-promoted The extraction of Conor Davis, one of Citi's most senior salespeople, therefore looks like a surprise. Investment Banking Ant Group beats Citadel Securities to secure Credit Suisse’s China unit News Aggregation Team Monday, February 26, 2024 12:00 am http://europe.managersofwealth.com/article/114799/ant-group-beats-citadel-securities-to-secure-credit-suisseamprsquos-china-unit Ant Group beats Citadel to acquire the China division of Credit Suisse. Investment Banking 2024 EY Global Wealth Management Industry Report News Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115976/2024-ey-global-wealth-management-industry-report Rethinking the how Comment, Analysis & Research Will the Fed continue to cut interest rates? News Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115977/will-the-fed-continue-to-cut-interest-rates Thus, even though the catalysts that have guided the Fed’s rate-cutting operations since the early-1950s have still yet to be met, debt sustainability and financial system stability appear to be rising up the Fed’s priority list. Comment, Analysis & Research Americans 'just work harder' than Europeans, CEO of the world's largest wealth fund says News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115978/americans-amp039just-work-harderamp039-than-europeans-ceo-of-the-worldamp039s-largest-wealth-fund-says Nicolai Tangen says a gap in "the general level of ambition" has caused European companies to fall behind Comment, Analysis & Research Persimmon Q1 update shows glimpse of recovery amidst cash reserve conundrums News Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115981/persimmon-q1-update-shows-glimpse-of-recovery-amidst-cash-reserve-conundrums While the sales rate is moving in the right direction it is still around a third lower than the rates achieved in Q1 2022 when interest rates were significantly lower. Comment, Analysis & Research Managing the $100 trillion Great Wealth Transfer to next-gen family members News Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115952/managing-the-100-trillion-great-wealth-transfer-to-next-gen-family-members Layve Rabinowitz, Stonehage Fleming Head of Family Office Middle East Africa Comment, Analysis & Research Swiss fund market hits record high in Q1 2024 News Aggregation Team Thursday, April 25, 2024 1:00 am http://europe.managersofwealth.com/article/115954/swiss-fund-market-hits-record-high-in-q1-2024 The statistics, compiled by Swiss Fund Data AG and Morningstar, encompassed all funds under Swiss law and foreign funds approved for public sale in Switzerland. Comment, Analysis & Research KPMG comments on the FCA's latest Sustainability Disclosure Requirements (SDR) regime consultation paper News Team Wednesday, April 24, 2024 1:00 am http://europe.managersofwealth.com/article/115920/kpmg-comments-on-the-fcaamp039s-latest-sustainability-disclosure-requirements-sdr-regime-consultation-paper Daniel Barry, wealth and asset management risk and regulation lead at KPMG UK. Comment, Analysis & Research Bank cuts the safest jobs in Europe after 90% fall in profits News Aggregation Team Wednesday, April 24, 2024 1:00 am http://europe.managersofwealth.com/article/115922/bank-cuts-the-safest-jobs-in-europe-after-90-fall-in-profits But there was also mention of "consolidation" of expertise and of an 8.5% cut in headcount, amounting to more than 50 people. Comment, Analysis & Research Interest rates and mortgages – which one could be right for you? News Team Wednesday, April 24, 2024 1:00 am http://europe.managersofwealth.com/article/115937/interest-rates-and-mortgages-ampndash-which-one-could-be-right-for-you Small percentages can make big differences when it comes to planning for your home and family, so here’s a simple explainer to help find the right mortgage solution for you. Comment, Analysis & Research Q1 2024: AUMA and flows trading update News Team Wednesday, April 24, 2024 1:00 am http://europe.managersofwealth.com/article/115938/q1-2024-auma-and-flows-trading-update Q1 2023 net outflows were £6.2bn, including £1.8bn of net outflows from liquidity. Comment, Analysis & Research Ex-England, Liverpool footballer John Barnes banned as company director over non-payment of tax News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115992/ex-england-liverpool-footballer-john-barnes-banned-as-company-director-over-non-payment-of-tax Insolvency Service investigations began after his John Barnes Media Limited company went into liquidation in 2023 Tax HMRC repaid record £198m on flexible pension withdrawals News Aggregation Team Friday, April 26, 2024 1:00 am http://europe.managersofwealth.com/article/115995/hmrc-repaid-record-amppound198m-on-flexible-pension-withdrawals There must be a better way of managing these withdrawals Tax Industry reacts as UK inheritance tax receipts reach record £7.5bn News Aggregation Team Tuesday, April 23, 2024 1:00 am http://europe.managersofwealth.com/article/115910/industry-reacts-as-uk-inheritance-tax-receipts-reach-record-amppound75bn Inheritance tax receipts could top £9.5bn before the end of the decade Tax Government’s threshold freeze sees IHT receipts hit record breaking £7.5bn News Team Tuesday, April 23, 2024 1:00 am http://europe.managersofwealth.com/article/115915/governmentamprsquos-threshold-freeze-sees-iht-receipts-hit-record-breaking-amppound75bn The lowering of the headline rate of IHT from 40% would undoubtedly be met with approval from core Tory voters. Tax Capital gains tax for individuals on the disposal of UK shares News Team Friday, April 19, 2024 1:00 am http://europe.managersofwealth.com/article/115843/capital-gains-tax-for-individuals-on-the-disposal-of-uk-shares The 'gain' on which CGT is charged Tax End of tax year surge for SIPPs with deluge of top ups News Aggregation Team Thursday, April 18, 2024 1:00 am http://europe.managersofwealth.com/article/115810/end-of-tax-year-surge-for-sipps-with-deluge-of-top-ups In the very last hour before the tax year end at midnight, Hargreaves Lansdown saw a SIPP top up every 20 seconds. Tax Blackfinch Ventures Accelerates Tech Growth with over £12m invested as Tax Year Concludes News Team Tuesday, April 16, 2024 1:00 am http://europe.managersofwealth.com/article/115748/blackfinch-ventures-accelerates-tech-growth-with-over-amppound12m-invested-as-tax-year-concludes Notably, the investments have introduced four new ventures into Blackfinch’s growing portfolio, including Kelpi who secured investment total of £1.07 million. Tax Sipp surge as clients rush to use allowances News Aggregation Team Monday, April 15, 2024 1:00 am http://europe.managersofwealth.com/article/115727/sipp-surge-as-clients-rush-to-use-allowances Activity remained high until the very end, with a digital top up made every 20 seconds in the last hour of the tax year. Tax UK 'non-doms' could leave over inheritance tax proposals, lawyers say News Aggregation Team Friday, April 12, 2024 1:00 am http://europe.managersofwealth.com/article/115691/uk-amp039non-domsamp039-could-leave-over-inheritance-tax-proposals-lawyers-say Labour has pledged to close tax loophole for wealthy foreign residents if elected Tax FATCA and CRS reminders issued for 2023 reporting period News Team Friday, April 12, 2024 1:00 am http://europe.managersofwealth.com/article/115696/fatca-and-crs-reminders-issued-for-2023-reporting-period The upcoming deadlines for the 2023 reporting period include the 30 April 2024 deadline for new entity registration. Tax NatWest boss admits ‘unexpected challenges’ for bank in 2023 News Aggregation Team Wednesday, April 24, 2024 1:00 am http://europe.managersofwealth.com/article/115923/natwest-boss-admits-amplsquounexpected-challengesamprsquo-for-bank-in-2023 Rick Haythornthwaite addressed the bank’s shareholders at its annual general meeting on Tuesday. Retail Banking LHV Bank reports record growth in 2023, focusing on SME Lending and Retail Banking in 2024 News Team Wednesday, April 24, 2024 1:00 am http://europe.managersofwealth.com/article/115942/lhv-bank-reports-record-growth-in-2023-focusing-on-sme-lending-and-retail-banking-in-2024 Building on this success, at the start of 2023 LHV Bank broadened its offering to encompass SME lending and later in the year launched its personal savings accounts. Retail Banking German Banks’ Soured Property Loans Surged in Quarter News Aggregation Team Monday, April 08, 2024 1:00 am http://europe.managersofwealth.com/article/115583/german-banksamprsquo-soured-property-loans-surged-in-quarter The pain may continue as work-from-home policies reduce demand for office space. Retail Banking Clearbank reports first annual profit as deposits double and customers boom News Aggregation Team Thursday, April 04, 2024 1:00 am http://europe.managersofwealth.com/article/115543/clearbank-reports-first-annual-profit-as-deposits-double-and-customers-boom The fintech clearing bank reported a pretax profit of £18.4m last year, swinging from a £7.1m loss in 2022. Retail Banking Government quietly pauses Natwest retail bidding process News Aggregation Team Monday, April 01, 2024 1:00 am http://europe.managersofwealth.com/article/115457/government-quietly-pauses-natwest-retail-bidding-process Firms including AJ Bell and Hargreaves Lansdown have reportedly been in contention to handle the sale and had submitted bids to the government. Retail Banking Credit Agricole says it will not fund two major LNG projects News Aggregation Team Thursday, March 28, 2024 12:00 am http://europe.managersofwealth.com/article/115421/credit-agricole-says-it-will-not-fund-two-major-lng-projects The decision follows pressure on banks from environmental groups to shift investment dollars away from climate-warming oil and gas projects. Retail Banking Santander offers £185 cash bonus for switching current account News Aggregation Team Tuesday, March 19, 2024 12:00 am http://europe.managersofwealth.com/article/115243/santander-offers-amppound185-cash-bonus-for-switching-current-account The deal is open to new and existing customers who meet certain requirements Retail Banking NatWest, HSBC, Lloyds, Santander 'summoned' by FCA over need to 'stump up' News Aggregation Team Monday, March 18, 2024 12:00 am http://europe.managersofwealth.com/article/115200/natwest-hsbc-lloyds-santander-amp039summonedamp039-by-fca-over-need-to-amp039stump-upamp039 The high street banks were called to discuss a cash injection into Open Banking Limited. Retail Banking Nationwide adds British Sign language to online content News Aggregation Team Monday, March 18, 2024 12:00 am http://europe.managersofwealth.com/article/115220/nationwide-adds-british-sign-language-to-online-content They estimate that BSL is the first language of over 87,000 deaf people in the UK, meaning that written English is inaccessible for many. Retail Banking RBS: Growth in private sector activity gains momentum News Aggregation Team Wednesday, March 13, 2024 12:00 am http://europe.managersofwealth.com/article/115122/rbs-growth-in-private-sector-activity-gains-momentum A softer contraction in manufacturing output meant that the downward pressure on overall performance eased somewhat. Retail Banking 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 Ban unregulated Sipp investments, say advisers News Aggregation Team Wednesday, February 16, 2022 12:00 am http://europe.managersofwealth.com/article/98824/ban-unregulated-sipp-investments-say-advisers ‘It’s important that a few bad apples don’t spoil the bunch’ Pensions Energy storage: Mirova supports Corsica Sole and enters the capital of its Joint Venture "Baltic Storage Platform" created with Evecon News Team Tuesday, April 23, 2024 1:00 am http://europe.managersofwealth.com/article/115895/energy-storage-mirova-supports-corsica-sole-and-enters-the-capital-of-its-joint-venture-ampquotbaltic-storage-platformampquot-created-with-evecon This operation provides the means to implement the ambitions of this structure in the service of the transformation of the electricity grid of the Baltic countries. Planet SOS 3i Group, Mirova and Banque des Territoires extend NEoT Green Mobility to a €160 million platform for zero-emission mobility News Team Tuesday, April 23, 2024 1:00 am http://europe.managersofwealth.com/article/115904/3i-group-mirova-and-banque-des-territoires-extend-neot-green-mobility-to-a-ampeuro160-million-platform-for-zero-emission-mobility NGM offers turnkey zero-emission transportation leasing solutions to public authorities and transport operators. Planet SOS Cazenove Capital publishes 2023 Sustainability and Impact Reports News Team Monday, April 22, 2024 1:00 am http://europe.managersofwealth.com/article/115862/cazenove-capital-publishes-2023-sustainability-and-impact-reports The Sustainability and Impact Reports for Cazenove Capital's flagship sustainable funds evaluate the positive impact each fund has made on people and planet over 2023. Planet SOS SimplyBiz partners with platform to help advisers achieve net zero News Aggregation Team Monday, April 22, 2024 1:00 am http://europe.managersofwealth.com/article/115875/simplybiz-partners-with-platform-to-help-advisers-achieve-net-zero It provides a route with accreditation and promotion built in it to mark the achievement of key milestones on a firm’s journey to net zero. Planet SOS Mirova invests in smart energy company GridBeyond News Team Thursday, April 18, 2024 1:00 am http://europe.managersofwealth.com/article/115808/mirova-invests-in-smart-energy-company-gridbeyond The company will use the funding to support its international expansion, increase its US presence and continue its investment in R&D to facilitate the delivery of a global zero-carbon future. Planet SOS The just transition: A closer look at Guernsey’s role News Team Wednesday, April 17, 2024 1:00 am http://europe.managersofwealth.com/article/115775/the-just-transition-a-closer-look-at-guernseyamprsquos-role There is still a growing appetite for more bankable projects in the adaption and nature finance spaces. Planet SOS The CISI and Evertreen partner to plant trees and build a sustainable future News Team Wednesday, April 17, 2024 1:00 am http://europe.managersofwealth.com/article/115784/the-cisi-and-evertreen-partner-to-plant-trees-and-build-a-sustainable-future Through this partnership a tangible impact is being made. Planet SOS LGIM expands ETF range with the launch of Energy Transition Commodities ETF News Team Wednesday, April 17, 2024 1:00 am http://europe.managersofwealth.com/article/115792/lgim-expands-etf-range-with-the-launch-of-energy-transition-commodities-etf As a market first , the Energy Transition ETF offers exposure to a unique and diversified basket of commodities central to the energy transition. Planet SOS Luxury sustainable packaging requires brands to think outside (and inside) the box News Team Tuesday, April 16, 2024 1:00 am http://europe.managersofwealth.com/article/115761/luxury-sustainable-packaging-requires-brands-to-think-outside-and-inside-the-box Packaging is not only one of the world’s leading causes of waste Planet SOS Ethos Launches Two New Sustainability Indices in Collaboration With SIX News Team Thursday, April 11, 2024 1:00 am http://europe.managersofwealth.com/article/115672/ethos-launches-two-new-sustainability-indices-in-collaboration-with-six These developments strengthen the partnership between BCV and Ethos. Planet SOS