Managers of Wealth - Europe http://europe.managersofwealth.com/ Sun, 22 Sep 2019 20:08:40 BST part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Quilter lends £25m to fund deals as M&A accelerates News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74832/quilter-lends-amppound25m-to-fund-deals-as-mampampa-accelerates Quilter loans member companies the capital to fund purchases of other advice companies in its network and connects sellers with buyers without a charge and with the offer of a free valuation. Wealth and Asset Management Wealth management could soon cost less than you’d think News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74809/wealth-management-could-soon-cost-less-than-youamprsquod-think Costs are falling — but it still looks far more expensive than it should Wealth and Asset Management CII apologises for St James’s Place exclusive training deal News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74811/cii-apologises-for-st-jamesamprsquos-place-exclusive-training-deal Qualification will now be available to all members during the pilot launch Wealth and Asset Management Michelin-starred chef Peter Fiori launches Coutts bank’s first ever cookbook News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74816/michelin-starred-chef-peter-fiori-launches-coutts-bankamprsquos-first-ever-cookbook Proceeds from sale of the volume, by Coutts head chef Peter Fiori and called ‘The Skyline Garden Cookbook: From Harvest to Plate’, will go to The Felix Project for the next week. Wealth and Asset Management Get The Basic Right During Brexit by Coutts News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74817/get-the-basic-right-during-brexit-by-coutts Forget trying to out-manoeuvre history. Getting the basics in place is even more important when there are changing political and economic circumstances. Wealth and Asset Management Investec issues profit warning as wealth restructure hits earnings News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74833/investec-issues-profit-warning-as-wealth-restructure-hits-earnings Investec has warned that profits over the six months to the end of September are likely to fall on ‘challenging’ conditions Wealth and Asset Management CII ditches SJP exclusivity after adviser backlash News Aggregation Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74778/cii-ditches-sjp-exclusivity-after-adviser-backlash The professional body made assurances that, while it had been working in collaboration with SJP, it always intended to ultimately make the unit available to the whole market. Wealth and Asset Management Tilney and Smith & Williamson Announce Transformational Merger News Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74786/tilney-and-smith-ampamp-williamson-announce-transformational-merger Transaction will create the UK’s leading integrated wealth management and professional services group with over £45 billion of assets under management Wealth and Asset Management Sarasin profits fall 15% on outflows and ‘difficult’ investment performance News Aggregation Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74799/sarasin-profits-fall-15-on-outflows-and-amplsquodifficultamprsquo-investment-performance Sarasin & Partners reported profits down 15% as a combination of ‘difficult’ investment performance and client outflows chipped away at its assets under management (AUM). Wealth and Asset Management Lloyds-Schroders wealth management venture to launch price war News Aggregation Team Wednesday, September 18, 2019 1:00 am http://europe.managersofwealth.com/article/74734/lloyds-schroders-wealth-management-venture-to-launch-price-war Agressive fee strategy puts pressure on rival St James’s Place Wealth and Asset Management MN promotes from within to fill asset management director post News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74805/mn-promotes-from-within-to-fill-asset-management-director-post MN manages €155 billion ($171.1 billion) in assets for Dutch retirement plans. Executive Moves Citigroup hires former Credit Suisse banker News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74806/citigroup-hires-former-credit-suisse-banker Summerfield was previously global head of asset management in Credit Suisse's investment banking and capital markets division, and has more than 20 years of experience providing strategic advice to companies in the sector, the memo added. Executive Moves Italy's regulator Consob appoints deputy general manager News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74812/italyamp039s-regulator-consob-appoints-deputy-general-manager In addition to her new role, Togna will remain heading the Intermediaries division at Consob. Executive Moves Finantix Aappoints experienced Business Development Director News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74815/finantix-aappoints-experienced-business-development-director According to latest industry figures, the wealth of the world’s 500 richest people is up more than $658 billion this year Executive Moves Wealth manager appoints new Head of Middle Office News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74819/wealth-manager-appoints-new-head-of-middle-office Louise has over 25 years’ experience working in financial services and Investment Management for both institutional and private client organisations. Executive Moves Andersen Global Expands Reach in London News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74827/andersen-global-expands-reach-in-london Andersen Global has a presence in five locations in the UK through its member and collaborating firms. Executive Moves Pictet Poaches from BNP Paribas News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74834/pictet-poaches-from-bnp-paribas She will report to Boris Collardi, who has spurred Pictet into hiring dozens of bankers in the most significant expansion push in the recent history of the 214-year-old firm. Executive Moves Former Aegon pensions expert heads to AJ Bell News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74835/former-aegon-pensions-expert-heads-to-aj-bell Vahey was head of pensions development at Aegon from 1998 until 2011 before she set up her own independent pensions consultant firm. Executive Moves Schroders appoints Head of Sustainable Credit News Aggregation Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74773/schroders-appoints-head-of-sustainable-credit Saida is an experienced and accomplished investor in sustainable credit. Executive Moves Anderson Strathern makes raft of promotions, including at partner level News Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74792/anderson-strathern-makes-raft-of-promotions-including-at-partner-level The firm also retained all of its second year trainees. Executive Moves Updated FSCS and BoE MoU News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74829/updated-fscs-and-boe-mou The Bank of England prudentially regulates and supervises financial services firms through the Prudential Regulation Authority . Legal, Regulation & Compliance Asset managers wary of potential new regulatory reporting regime News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74803/asset-managers-wary-of-potential-new-regulatory-reporting-regime Asset managers express concerns over additional regulatory reporting burdens in addition to current requirements for MiFID II and AIFMD. Legal, Regulation & Compliance FCA finds research unbundling has saved equity investors £70 million under MiFID II News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74808/fca-finds-research-unbundling-has-saved-equity-investors-amppound70-million-under-mifid-ii Industry review from UK regulator finds positive results since MiFID II implementation with no negative impact to research access for small-to-mid caps. Legal, Regulation & Compliance 1.3m UK expats face continued retirement and healthcare uncertainty News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74813/13m-uk-expats-face-continued-retirement-and-healthcare-uncertainty It's becoming increasingly obvious that, despite his protestations to the contrary, the Prime Minister simply isn't trying to get a new deal for the UK to leave the EU. Legal, Regulation & Compliance MEPs call for proper implementation of anti-money laundering rules News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74821/meps-call-for-proper-implementation-of-anti-money-laundering-rules MEPs call for better cooperation between the administrative, judicial and law enforcement authorities within the EU Legal, Regulation & Compliance FCA review on MiFID II research unbundling rules News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74818/fca-review-on-mifid-ii-research-unbundling-rules The FCA will continue to monitor both competition impacts and research coverage of SMEs following the MiFID II reforms Legal, Regulation & Compliance FCA update to joint statement on opportunistic strategies in the credit derivaties market News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74823/fca-update-to-joint-statement-on-opportunistic-strategies-in-the-credit-derivaties-market These opportunistic strategies include, but are not limited to, what have been referred to as ‘manufactured credit events’ or ‘narrowly tailored credit events’. Legal, Regulation & Compliance Solvency II: Prudent Person Principle News Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74779/solvency-ii-prudent-person-principle The proposals are relevant to all UK Solvency II firms (including in the context of provisions relating to Solvency II groups), mutuals, third-country branches, the Society of Lloyd’s (the Society) and its managing agents (collectively, ‘firm Legal, Regulation & Compliance Latvia’s financial watchdog fines PrivatBank for lax money-laundering controls News Aggregation Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74780/latviaamprsquos-financial-watchdog-fines-privatbank-for-lax-money-laundering-controls The FCMC, which has already twice over the past four years fined PrivatBank for similar reasons Legal, Regulation & Compliance Baker McKenzie bumps trainee pay by 7% as its confirms autumn retention score News Aggregation Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74788/baker-mckenzie-bumps-trainee-pay-by-7-as-its-confirms-autumn-retention-score £48,000 in year one, rising to £52,000 in year two Legal, Regulation & Compliance Gresham and ANZ partnership progresses innovative cash management solution News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74814/gresham-and-anz-partnership-progresses-innovative-cash-management-solution The product development work is firmly on track and we are delighted with the results we are achieving. FinTech Digital wealth manager partners with Raisin News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74836/digital-wealth-manager-partners-with-raisin Scalable Capital’s customers with a portfolio account at Baader Bank can invest in fixed-term deposits FinTech Murex to strengthen Caisse des Dépôts’ asset management business News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74840/murex-to-strengthen-caisse-des-dampeacutepampocirctsamprsquo-asset-management-business It is described as the investment arm of the French State and addresses the general interests ad economic development of French territories. FinTech Paris-based asset manager Adopts Broadridge’s Investment Operations Platform News Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74782/paris-based-asset-manager-adopts-broadridgeamprsquos-investment-operations-platform SILEX will deploy Broadridge’s investment operations platform to manage its portfolios, enabling it to streamline and automate workflow around an array of traded instruments. FinTech SS&C Reports Record AUM for Asset Managers in Q2 2019 Drive Higher Operating Margins News Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74784/ssampampc-reports-record-aum-for-asset-managers-in-q2-2019-drive-higher-operating-margins Global equity and fixed income markets were all positive during the second quarter. FinTech Profile Software to showcase new platforms at Sibos News Team Wednesday, September 18, 2019 1:00 am http://europe.managersofwealth.com/article/74744/profile-software-to-showcase-new-platforms-at-sibos Profile executives will be available, at stand no J131, to meet with professional delegates and discuss how Profile’s solutions can enhance their digitalisation journey. FinTech Nets and KPMG Partner to Launch AI-Powered Payment Fraud Prevention Solution News Team Wednesday, September 18, 2019 1:00 am http://europe.managersofwealth.com/article/74745/nets-and-kpmg-partner-to-launch-ai-powered-payment-fraud-prevention-solution Nets Fraud Ensemble is an AI powered anti-fraud engine that assists fraud prevention teams to navigate this ever-changing landscape in real time. FinTech Carey Olsen supports Zedra on cryptoassets offering News Team Wednesday, September 18, 2019 1:00 am http://europe.managersofwealth.com/article/74746/carey-olsen-supports-zedra-on-cryptoassets-offering Carey Olsen has supported trust, fund and corporate services provider Zedra on the launch of its end-to-end solution for the purchase and sale of Bitcoin. FinTech IHS Markit Named Best Alternative Data Provider for Hedge Funds News Team Tuesday, September 17, 2019 1:00 am http://europe.managersofwealth.com/article/74707/ihs-markit-named-best-alternative-data-provider-for-hedge-funds Our ability to help firms access alternative data spanning the industrial economy and the capital markets makes IHS Markit a unique partner for our customers,” said Adam Kansler, president of Financial Services at IHS Markit. FinTech Why Wealth Managers Need Effective Client Onboarding by Shane Meredith, Contemi Solutions News Team Tuesday, September 17, 2019 1:00 am http://europe.managersofwealth.com/article/74708/why-wealth-managers-need-effective-client-onboarding-by-shane-meredith-contemi-solutions This failure drives clients away because onboarding is the formal process of bringing a customer into a platform. FinTech UK’s largest venture capital trust launches new fundraise News Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74796/ukamprsquos-largest-venture-capital-trust-launches-new-fundraise Octopus is targeting another £120 million fundraise for its flagship VCT. Alternative Investments Lloyd’s Neal reveals £2.3bn profit in H1 2019 but says ‘brave choices’ ahead News Aggregation Team Wednesday, September 18, 2019 1:00 am http://europe.managersofwealth.com/article/74753/lloydamprsquos-neal-reveals-amppound23bn-profit-in-h1-2019-but-says-amplsquobrave-choicesamprsquo-ahead It said this was the net impact of a 6.5 percent reduction in business volumes “as underwriters adjusted their books to improve performance” plus average risk adjusted rate increases of 3.9 percent. Alternative Investments Key Capital aims to raise €50m for commercial and residential property News Aggregation Team Tuesday, September 17, 2019 1:00 am http://europe.managersofwealth.com/article/74699/key-capital-aims-to-raise-ampeuro50m-for-commercial-and-residential-property Investor’s new fund to focus on investments that add value or cash in on opportunities Alternative Investments Germany's Osram urges investors to accept 4.3 billion euro AMS offer News Team Tuesday, September 17, 2019 1:00 am http://europe.managersofwealth.com/article/74700/germanyamp039s-osram-urges-investors-to-accept-43-billion-euro-ams-offer To reduce dependence on smartphone producers, AMS wants to combine its business with Osram's to expand in the auto industry and supply manufacturers with sensors and lighting solutions for self-driving cars. Alternative Investments Artemis expands fixed income offering with pair of bond funds News Aggregation Team Tuesday, September 17, 2019 1:00 am http://europe.managersofwealth.com/article/74703/artemis-expands-fixed-income-offering-with-pair-of-bond-funds Secondly, and also as a sub-fund of Artemis' Luxembourg Sicav, the firm will be launching next month a Global High Yield Bond fund. Alternative Investments Octopus VCT edges toward £1bn with fresh fund raise News Aggregation Team Tuesday, September 17, 2019 1:00 am http://europe.managersofwealth.com/article/74720/octopus-vct-edges-toward-amppound1bn-with-fresh-fund-raise According to Octopus, the Octopus Titan VCT offers investors access to a “well-established and diverse” portfolio of more than 70 “potentially game-changing” smaller companies. Alternative Investments LGIM partners with Foxberry for sustainable European equity ETF launch News Aggregation Team Tuesday, September 17, 2019 1:00 am http://europe.managersofwealth.com/article/74721/lgim-partners-with-foxberry-for-sustainable-european-equity-etf-launch Its launch will also see the Foxberry Sustainability Consensus Europe Total Return Index launched Alternative Investments deVere’s Corporate Solutions expands News Aggregation Team Monday, September 16, 2019 1:00 am http://europe.managersofwealth.com/article/74676/devereamprsquos-corporate-solutions-expands It’s becoming harder for companies to recruit and retain top talent and by adding value to their programs, they are able to overcome these issues. Alternative Investments HKE vows to press on with $39b LSE bid after rebuff News Aggregation Team Sunday, September 15, 2019 1:00 am http://europe.managersofwealth.com/article/74643/hke-vows-to-press-on-with-39b-lse-bid-after-rebuff The LSE said earlier on Friday, as it rebuffed the Hong Kong approach, that it was sticking with its $27 billion acquisition of data and analytics company Refinitiv - a deal that the HKEX offer had required the London exchange to abandon. Alternative Investments Fund looks to the Continent for its long-term growth News Aggregation Team Sunday, September 15, 2019 1:00 am http://europe.managersofwealth.com/article/74645/fund-looks-to-the-continent-for-its-long-term-growth Crockford looks for companies where a structural change within the organisation, or its market, or a key product looks likely to spur future growth. Alternative Investments Deutsche Bank Acquires 5% in Fintech Deposit Solutions News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74837/deutsche-bank-acquires-5-in-fintech-deposit-solutions The bank is now planning to open it up to a wider range of clients within Deutsche Bank Group. Investment Banking EON Hires BNP Paribas to Sell $1.1 Billion Czech Retail Business News Aggregation Team Wednesday, September 18, 2019 1:00 am http://europe.managersofwealth.com/article/74737/eon-hires-bnp-paribas-to-sell-11-billion-czech-retail-business The European Commission on Tuesday granted EON permission to take over Innogy from RWE AG in a deal that is set to transform Germany’s energy landscape. Investment Banking Barclays boss Jes Staley sets up 'tense' showdown to oust board raider Bramson News Aggregation Team Monday, September 16, 2019 1:00 am http://europe.managersofwealth.com/article/74667/barclays-boss-jes-staley-sets-up-amp039tenseamp039-showdown-to-oust-board-raider-bramson Bramson has repeatedly urged Barclays to scale back its investment bank in a move he claims would boost profits and the share price. Investment Banking Run Lola Run! by Andrew Hauser News Team Friday, September 13, 2019 1:00 am http://europe.managersofwealth.com/article/74630/run-lola-run-by-andrew-hauser The complexity in FX markets lies not in the products themselves, which for the most part are relatively simple. Investment Banking Deutsche Bank said to offer $2m packages to some top ECM bankers News Aggregation Team Tuesday, September 10, 2019 1:00 am http://europe.managersofwealth.com/article/74502/deutsche-bank-said-to-offer-2m-packages-to-some-top-ecm-bankers The German bank closed its global equities business as part of its restructuring at beginning of July, leaving only a small secondary effort to support its ‘focused ECM’ strategy. Investment Banking Controversial 'Russian spy bank' set to break into Europe News Aggregation Team Tuesday, September 03, 2019 1:00 am http://europe.managersofwealth.com/article/74332/controversial-amp039russian-spy-bankamp039-set-to-break-into-europe The Moscow-backed bank's staff are reportedly being granted full diplomatic immunity by their Hungarian hosts. Investment Banking UK Market Comeback Despite Uncertainty - LCPP News Team Monday, September 02, 2019 1:00 am http://europe.managersofwealth.com/article/74281/uk-market-comeback-despite-uncertainty-lcpp Buyer momentum continues to build Investment Banking Bankers look forward, not backwards, as bonus talks kick off News Aggregation Team Sunday, September 01, 2019 1:00 am http://europe.managersofwealth.com/article/74269/bankers-look-forward-not-backwards-as-bonus-talks-kick-off It's all about coming up with a compelling narrative - just like selling an asset or winning a mandate - to secure a decent share of the global compensation pool and keep their bankers back home in well paid seats. Investment Banking The Nomura ghost that haunts Barclays investment bank News Aggregation Team Friday, August 30, 2019 1:00 am http://europe.managersofwealth.com/article/74240/the-nomura-ghost-that-haunts-barclays-investment-bank Deutsche people are also dotted around Barclays' markets business. Investment Banking U.S. sanctions Lebanon's Jammal Trust Bank for ties to Hezbollah Friday, August 30, 2019 1:00 am http://europe.managersofwealth.com/article/74248/us-sanctions-lebanonamp039s-jammal-trust-bank-for-ties-to-hezbollah Treasury is targeting Jammal Trust Bank and its subsidiaries for brazenly enabling Hizballah’s financial activities. Investment Banking Investment management, succession planning, philanthropy: the diverse functions of the family office News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74831/investment-management-succession-planning-philanthropy-the-diverse-functions-of-the-family-office Jersey is also particularly attractive because of the high quality of professional services available in the investment, accounting and legal sectors. Comment, Analysis & Research Difficult choice ahead for UK equity income investors News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74807/difficult-choice-ahead-for-uk-equity-income-investors In this environment, the market has indirectly asked investors to choose between capital growth and income - few shares offer both in abundance. Comment, Analysis & Research Brexit-proof Guernsey reaches all four corners of the globe News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74822/brexit-proof-guernsey-reaches-all-four-corners-of-the-globe Standards of service are also a factor of growing concern. More than half of managers say that they consider service levels to be extremely important, and that may influence a change of jurisdiction. Comment, Analysis & Research Could flexible leases help to save the high street? News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74824/could-flexible-leases-help-to-save-the-high-street On the other side, landlords are facing the financial pressures of vacant space, tenants on the edge of insolvency and banks that expect to be repaid on their mortgages, regardless of the financial health of the tenant. Comment, Analysis & Research Top 100 Fintech Leaders and Influencers in Italy News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74825/top-100-fintech-leaders-and-influencers-in-italy As we do not know the Italian fintech market that well and Italy is so close to Switzerland we thought we will republish this list here for your interest. Comment, Analysis & Research More than half of UK businesses are taking GDPR compliance risks News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74826/more-than-half-of-uk-businesses-are-taking-gdpr-compliance-risks More than half of UK businesses are taking GDPR compliance risks Comment, Analysis & Research The Case for Having a Chief Data Ethics Officer News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74828/the-case-for-having-a-chief-data-ethics-officer Data ethics is something that big tech companies are starting to look at (rightfully so), because consumers, regulators and lawmakers are requiring them to do so. Comment, Analysis & Research Taking The Tension Out Of Succession And Managing Difficult Conversations by Estera News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74838/taking-the-tension-out-of-succession-and-managing-difficult-conversations-by-estera Trillions of dollars are expected to pass from one generation to the next across the world over the coming years, as the great wealth generators of the past 30 years hand their assets to their children and grandchildren Comment, Analysis & Research Greece to Offer $10 Billion to Help Banks Cut Down Bad Debt News Aggregation Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74767/greece-to-offer-10-billion-to-help-banks-cut-down-bad-debt European authorities may approve program in coming weeks Comment, Analysis & Research PIMFA fears over MiFID II costs and charges News Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74769/pimfa-fears-over-mifid-ii-costs-and-charges This in turn could result in the necessary changes to in-house processes and procedures. Comment, Analysis & Research The 2020 Dutch budget and tax plan: key takeaways for multinational enterprises News Aggregation Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74781/the-2020-dutch-budget-and-tax-plan-key-takeaways-for-multinational-enterprises The tax rate of this conditional withholding tax is expected to be the upper corporate income tax rate Tax Aviva platform clients face race against the clock News Aggregation Team Wednesday, September 18, 2019 1:00 am http://europe.managersofwealth.com/article/74776/aviva-platform-clients-face-race-against-the-clock The self assessment tax deadline is January 31. Tax Bankers or Mobsters Becomes Question in German Cum-Ex Tax Probe News Aggregation Team Tuesday, September 17, 2019 1:00 am http://europe.managersofwealth.com/article/74706/bankers-or-mobsters-becomes-question-in-german-cum-ex-tax-probe While tax crimes remain the central issue, prosecutors have also found evidence that private investors may have been duped Tax £125m QROPS Tax Windfall Plan Flops For HMRC News Aggregation Team Monday, September 16, 2019 1:00 am http://europe.managersofwealth.com/article/74665/amppound125m-qrops-tax-windfall-plan-flops-for-hmrc The overseas transfer charge is paid by expats moving money into an offshore QROPS pension when the scheme is based outside the European Economic Area (EEA) in a place other than the country where they live. Tax Malta against removal of tax exemption on aviation and shipping fuels News Aggregation Team Sunday, September 15, 2019 1:00 am http://europe.managersofwealth.com/article/74646/malta-against-removal-of-tax-exemption-on-aviation-and-shipping-fuels Finance Minister Edward Scicluna said that while changes are required to the Energy Taxation Directive removing the tax exemption would have negative repercussions on Malta Tax The impact of withholding tax rules on Polish real estate transactions News Team Thursday, September 12, 2019 1:00 am http://europe.managersofwealth.com/article/74612/the-impact-of-withholding-tax-rules-on-polish-real-estate-transactions Based on the forecast for 2019, the strong interest in real estate assets in Poland looks set to continue. Tax UK: Taxpayer Victory In UK Corporate Residence Case Involving Offshore SPVs News Team Wednesday, September 11, 2019 1:00 am http://europe.managersofwealth.com/article/74546/uk-taxpayer-victory-in-uk-corporate-residence-case-involving-offshore-spvs The boards of the three Jersey companies were comprised of three Jersey resident professional directors, and the secretary of Development Securities Ltd, who was UK resident. Tax Italian Tax Authorities Request Information From Switzerland On UBS Bank Customers News Aggregation Team Tuesday, September 10, 2019 1:00 am http://europe.managersofwealth.com/article/74517/italian-tax-authorities-request-information-from-switzerland-on-ubs-bank-customers The purpose of the publication in the official Swiss Journal is to give to persons concerned the possibility to object to the disclosure of details on their personal account and receive a final decree ("Schlussverfügung") from the FTA inste Tax Govt told to hike capital gains tax rates News Aggregation Team Tuesday, September 10, 2019 1:00 am http://europe.managersofwealth.com/article/74534/govt-told-to-hike-capital-gains-tax-rates We want tWe want to encourage more people to save and investo encourage more people to save and invest Tax Ecuador, Serbia Ratify OECD's Multilateral Tax Cooperation Pact News Aggregation Team Friday, September 06, 2019 1:00 am http://europe.managersofwealth.com/article/74458/ecuador-serbia-ratify-oecdamp039s-multilateral-tax-cooperation-pact The Convention is the primary instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters. Tax HSBC Looks to Unload French Retail Bank News Aggregation Team Thursday, September 12, 2019 1:00 am http://europe.managersofwealth.com/article/74586/hsbc-looks-to-unload-french-retail-bank The move to reduce its footprint in Europe would be one of its first strategic actions under new interim Chief Executive Noel Quinn Retail Banking BNP Paribas plans bid for Deutsche Bank's equity derivatives News Aggregation Team Friday, August 30, 2019 1:00 am http://europe.managersofwealth.com/article/74238/bnp-paribas-plans-bid-for-deutsche-bankamp039s-equity-derivatives Deutsche Bank plans to auction its equity derivatives portfolio next month having received significant expressions of interest from banks, private equity firms and hedge funds, the sources told Reuters. Retail Banking The European race to provide real-time payments News Aggregation Team Friday, August 30, 2019 1:00 am http://europe.managersofwealth.com/article/74244/the-european-race-to-provide-real-time-payments As financial services players consider their options for instant payments, reachability will be key. Retail Banking Deutsche Bank to extend hiring squeeze to thousands of temporary workers News Aggregation Team Friday, August 23, 2019 1:00 am http://europe.managersofwealth.com/article/74117/deutsche-bank-to-extend-hiring-squeeze-to-thousands-of-temporary-workers New policy could be 'unwieldy' for a sector that requires flexibility when hiring, says one recruiter Retail Banking Commerzbank discussing more job cuts: newspaper News Aggregation Team Friday, August 23, 2019 1:00 am http://europe.managersofwealth.com/article/74129/commerzbank-discussing-more-job-cuts-newspaper Shares in Commerzbank were up 1.3% in early Frankfurt trade. Retail Banking Lendable launches Luxembourg fund with Credit Suisse News Aggregation Team Thursday, August 22, 2019 1:00 am http://europe.managersofwealth.com/article/74083/lendable-launches-luxembourg-fund-with-credit-suisse The lending platform said the new structure will target British consumers. Retail Banking Commerzbank mulls branch closures as part of broader strategy review News Aggregation Team Thursday, August 22, 2019 1:00 am http://europe.managersofwealth.com/article/74086/commerzbank-mulls-branch-closures-as-part-of-broader-strategy-review The Frankfurt-based bank is weighing the closures as part of a broader strategy review. Retail Banking Bank of China coming to Greece this year News Aggregation Team Thursday, August 22, 2019 1:00 am http://europe.managersofwealth.com/article/74098/bank-of-china-coming-to-greece-this-year Bank of China is the world’s fourth largest bank by assets behind three other Chinese banks, with nearly $3 trillion. Retail Banking Hampden posts first-half growth as uncertainty hits London market News Aggregation Team Tuesday, August 20, 2019 1:00 am http://europe.managersofwealth.com/article/74015/hampden-posts-first-half-growth-as-uncertainty-hits-london-market Mr Hartop, who noted Hampden’s client base now stands at around 3,000, said: “I guess part of it is that a lot of jobs will be potentially impacted [by Brexit] and obviously it is a lot more [of a] cosmopolitan population down there. Retail Banking Woes of Metro Bank show how exposed businesses are to a liquidity trap News Aggregation Team Tuesday, August 20, 2019 1:00 am http://europe.managersofwealth.com/article/74016/woes-of-metro-bank-show-how-exposed-businesses-are-to-a-liquidity-trap There have been sporadic examples of this coming back to bite those who have — unwittingly or not — exposed themselves to greater risk than they might ordinarily want. Retail Banking 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 Platform growth to continue despite end of DB 'sugar rush' News Aggregation Team Friday, August 30, 2019 1:00 am http://europe.managersofwealth.com/article/74263/platform-growth-to-continue-despite-end-of-db-amp039sugar-rushamp039 Data from the Lang Cat showed assets on advised platforms grew by 4.5 per cent in the second quarter of this year to £418.4bn but net flows were down 1.76 per cent in the quarter to £5.2bn. Pensions Catella advised in the divestment of Chr. Hansen’s expanding headquarter north of Copenhagen to PensionDanmark News Team Thursday, August 29, 2019 1:00 am http://europe.managersofwealth.com/article/74222/catella-advised-in-the-divestment-of-chr-hansenamprsquos-expanding-headquarter-north-of-copenhagen-to-pensiondanmark The expansion project includes establishment of a modern innovation campus with laboratories for an additional 250 scientists to be completed in 2022. Pensions Govt told to increase state pension age to 75 News Aggregation Team Monday, August 19, 2019 1:00 am http://europe.managersofwealth.com/article/74010/govt-told-to-increase-state-pension-age-to-75 The state pension bill has increased from £17bn in 1985/86 to £92bn in 2016/17, representing an increase from 3.9 to 4.6 per cent of GDP. Pensions Pension funds join class action against five banks News Aggregation Team Tuesday, July 30, 2019 1:00 am http://europe.managersofwealth.com/article/73509/pension-funds-join-class-action-against-five-banks The claims are being made against Barclays plc, Citibank, Royal Bank of Scotland plc, JP Morgan and UBS. Pensions FCA plans clampdown on unsuitable pension transfer advice Tuesday, July 30, 2019 1:00 am http://europe.managersofwealth.com/article/73518/fca-plans-clampdown-on-unsuitable-pension-transfer-advice The Financial Conduct Authority has today published a package of pension related proposals designed to improve the quality of pension transfer advice, and to help consumers get better value from their pension. Pensions National adviser supports FCA Ban News Team Tuesday, July 30, 2019 1:00 am http://europe.managersofwealth.com/article/73516/national-adviser-supports-fca-ban The FCA proposes to ban contingent charging, which is the practice where the consumer only pays for advice if they elect to transfer. Pensions After Brexit – solving the border problem in a data driven world News Aggregation Team Wednesday, September 18, 2019 1:00 am http://europe.managersofwealth.com/article/74757/after-brexit-ampndash-solving-the-border-problem-in-a-data-driven-world The data protection officer in your London office has confirmed that the UK is now deemed by the EU to be a 'third country' and they have asked you to confirm whether data flows from the Guernsey and Jersey offices to the UK will continue to be Brexit Forty per cent of UK assets under management held for foreign clients News Aggregation Team Tuesday, September 17, 2019 1:00 am http://europe.managersofwealth.com/article/74716/forty-per-cent-of-uk-assets-under-management-held-for-foreign-clients These high market shares reflect the size of these countries' economies, their experience in financial services as well as their pool of savings accumulated over the years. Brexit Brexit: the breaking headlines of today are ‘old news’ by tomorrow News Team Monday, September 16, 2019 1:00 am http://europe.managersofwealth.com/article/74655/brexit-the-breaking-headlines-of-today-are-amplsquoold-newsamprsquo-by-tomorrow It was interesting to talk to UK residents (British citizens or not) and hear their insights into the current situation. Brexit Why you should continue to advertise News Team Monday, September 16, 2019 1:00 am http://europe.managersofwealth.com/article/74663/why-you-should-continue-to-advertise Consumers will not entrust their money with people they don’t know Brexit Brexit is creating a new kind of finance job in Europe News Aggregation Team Thursday, September 12, 2019 1:00 am http://europe.managersofwealth.com/article/74580/brexit-is-creating-a-new-kind-of-finance-job-in-europe Risk Magazine suggested chaperones were coming last October and the Financial Times observed in April that banks in London would need post-Brexit chaperones to sit in on calls and in meetings with EU clients. Brexit Six African nations sign up to post-Brexit UK trade deal News Aggregation Team Thursday, September 12, 2019 1:00 am http://europe.managersofwealth.com/article/74588/six-african-nations-sign-up-to-post-brexit-uk-trade-deal The UK is one of South Africa's largest trading partners, with bilateral trade valued at about $9.5 billion in 2018. Brexit FCA awareness campaign – no-deal Brexit News Aggregation Team Thursday, September 12, 2019 1:00 am http://europe.managersofwealth.com/article/74589/fca-awareness-campaign-ampndash-no-deal-brexit To help firms prepare, the FCA will be running a series of digital adverts signposting to the FCA Brexit webpages Brexit Brexit – partial reprieve for free movement - Withersworldwide News Team Wednesday, September 11, 2019 1:00 am http://europe.managersofwealth.com/article/74565/brexit-ampndash-partial-reprieve-for-free-movement-withersworldwide It conceded that primary legislation is needed to repeal free movement rights enacted under UK law Brexit Families Mull UK Capital, Asset and Residencies In Brexit Chaos News Aggregation Team Friday, September 06, 2019 1:00 am http://europe.managersofwealth.com/article/74434/families-mull-uk-capital-asset-and-residencies-in-brexit-chaos “With a focus on long-term multigenerational planning they are not known to make knee-jerk reactions and now is no exception,” Grum said. Brexit Brexit ‘no-deal' preparedness: Final Commission call to all EU citizens and businesses to prepare for the UK's withdrawal on 31 October 2019 News Team Thursday, September 05, 2019 1:00 am http://europe.managersofwealth.com/article/74410/brexit-amplsquono-dealamp039-preparedness-final-commission-call-to-all-eu-citizens-and-businesses-to-prepare-for-the-ukamp039s-withdrawal-on-31-october-2019 Every single business that trades with the UK, both in goods and services, will be affected by a ‘no-deal' scenario. Brexit UN to launch Principles for Responsible Banking News Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74820/un-to-launch-principles-for-responsible-banking The Principles provide the framework for a sustainable banking system, and help the industry to demonstrate how it makes a positive contribution to society. ESG Changing weather could put insurance firms out of business News Aggregation Team Friday, September 20, 2019 1:00 am http://europe.managersofwealth.com/article/74830/changing-weather-could-put-insurance-firms-out-of-business Climate issue: The cost of comprehensive cover could become exorbitant, even as it is needed more than ever ESG Mediobanca SGR signs United Nations' Principles for Responsible Investment News Aggregation Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74768/mediobanca-sgr-signs-united-nationsamp039-principles-for-responsible-investment These days investment processes do not dare to leave environmental, social and governance factors out of the analysis, because everyone now agrees these are fundamental to achieving positive and sustainable results over time: for us, our clients, and the ESG Vontobel AM boutique launches new ESG fund News Aggregation Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74790/vontobel-am-boutique-launches-new-esg-fund Commenting on the launch, Benkendorf said: ‘Given our focus on the importance of sustainability and predictable long-term earnings growth of our holdings, we are already fishing in a “cleaner pond”. ESG Tackling the climate crisis: how responsible investment can help News Team Thursday, September 19, 2019 1:00 am http://europe.managersofwealth.com/article/74802/tackling-the-climate-crisis-how-responsible-investment-can-help The greater the delay in responding, the greater the potential cost. ESG Fidelity rebrands funds and makes them ESG compliant News Team Wednesday, September 18, 2019 1:00 am http://europe.managersofwealth.com/article/74756/fidelity-rebrands-funds-and-makes-them-esg-compliant All five ESG funds are required to have a minimum of 70% of their investments in sustainable characteristics ESG Merkel's govt to unveil strategy to tackle climate changeMerkel's govt to unveil strategy to tackle climate change News Aggregation Team Tuesday, September 17, 2019 1:00 am http://europe.managersofwealth.com/article/74715/merkelamp039s-govt-to-unveil-strategy-to-tackle-climate-changemerkelamp039s-govt-to-unveil-strategy-to-tackle-climate-change Days before a UN climate summit in New York, Merkel's team was due to announce details as the top EU economy, once a green energy pioneer, is bound to miss its 2020 carbon reduction targets. ESG Guernsey’s growing green ecosystem News Team Tuesday, September 17, 2019 1:00 am http://europe.managersofwealth.com/article/74730/guernseyamprsquos-growing-green-ecosystem Separately, Environmental & Social Impact Monitor (ESIM) is a not-for-profit accreditation service for island businesses, looking to contribute to Guernsey being recognised as a leading centre for green and sustainable business and finance. It rates b ESG JPMAM launches global macro sustainable fund News Aggregation Team Thursday, September 12, 2019 1:00 am http://europe.managersofwealth.com/article/74576/jpmam-launches-global-macro-sustainable-fund The fund is a new addition to JPMAM's established suite of macro funds which have over €9bn in client AUM as of 31 July 2019. ESG Climate change ‘core’ to European Central Bank’s mission, says new head News Aggregation Team Wednesday, September 11, 2019 1:00 am http://europe.managersofwealth.com/article/74553/climate-change-amplsquocoreamprsquo-to-european-central-bankamprsquos-mission-says-new-head The belief is everywhere — in the media, the public schools, universities, many religious dominations, and throughout the general culture. ESG