http://europe.managersofwealth.com/ Mon, 18 Feb 2019 03:12:03 GMT part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png KohanaPHP Ana Hall Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69291/coutts-ampamp-co-reports-impressive-and-defining-set-of-financial-results Our business has undergone substantial change over the past 3 years Wealth and Asset Management News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69304/french-boutique-expands-to-switzerland The branch is led by Olivier Machet and offers investment products in convertibles, high yield corporates, short-term credit, dividends futures, credit allocation, optional overlay and long/short multi-strategies. Wealth and Asset Management Ana Hall Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69308/coutts-views-brexit-vs-china-which-oneamplsquos-the-real-bull-in-the-shop The worst case Brexit scenario is widely believed to be a ‘no-deal’ departure, which would probably see sterling and UK government bond yields drop sharply. Wealth and Asset Management News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69255/credit-suisse-swings-back-to-profit-for-the-first-time-since-2014 Credit Suisse completed at the end of last year its three-year restructuring program. Wealth and Asset Management News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69258/credit-suisse-trading-losses-eclipse-wealth-management-gains Credit Suisse lost about $60 million late last year after it was left holding shares in luxury parka maker Canada Goose Holdings Inc, people familiar with the matter said last month. Wealth and Asset Management News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69261/consolidator-makes-another-two-acquisitions The consolidator’s model is to attempt to keep staff at existing advice firms on when they are acquired. Wealth and Asset Management News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69263/liechtenstein-a-principality-with-big-aspirations Liechtenstein is slowly carving a role in the Asian wealth management space, boasting two players who are starting to make waves whilst others have already left the stage Wealth and Asset Management News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69268/progeny-buys-2-more-financial-planning-firms The latest acquisitions, as well as the recent acquisition of Innovate Financial Planning in Edinburgh, will see Progeny’s national headcount double and increase the group’s assets under advice, now well over £1bn. Wealth and Asset Management News Aggregation Team Wednesday, February 13, 2019 12:00 am http://europe.managersofwealth.com/article/69231/former-deutsche-investment-chief-sets-up-advisory-business Nicolas Moreau's Ladbroke Advisory will work with asset managers and fintechs on strategy and new products Wealth and Asset Management Ana Hall Wednesday, February 13, 2019 12:00 am http://europe.managersofwealth.com/article/69233/multrees-investor-services-completes-platform-migration-for-saltus-in-just-3-months A dedicated project team from Multrees worked closely with Saltus so that the business could select exactly which services were right for them. Wealth and Asset Management News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69276/weatherbys-hires-three-as-edinburgh-expansion-continues Weatherbys Private Bank has made three new hires as it prepares to move into a larger Edinburgh base, writes Emelia Hamilton-Russell Executive Moves News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69277/thesis-expands-chichester-office-with-new-hire Thesis says the hire is part of a commitment to the Chichester area following the refurbishment of its listed headquarters late last year. Executive Moves News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69284/bnp-paribas-reinforces-in-zurich Andrea Baumeister will oversee the distribution of quant funds in Switzerland. Executive Moves News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69288/amundi-hires-head-of-retail-business-for-ireland Before joining SSGA, Fox was head of Broker Investment Sales with Irish Life for over thirteen years and worked on both their institutional and retail divisions. Executive Moves Mitzi Limlengco Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69297/schroders-appoints-global-head-of-private-assets Georg can draw upon 19 years of experience in investment finance Executive Moves News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69298/german-private-bank-expands-leadership Scherer has worked for Bankhaus Lampe since February 2017 - initially as head of Product Development Asset Management and then as head of Wealth Solutions. Executive Moves News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69299/lloyds-bank-appoints-morgan-stanleyamprsquos-william-chalmers-as-new-cfo He will also pocket a basic salary of £794,938 and receive a fixed share award of £504,000, delivered over five years. Executive Moves News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69301/ukamp039s-withers-expands-in-los-angeles-with-3-new-hires U.K.-based Withers, which launched its California practice in 2015, continues its expansion on the West Coast, adding three lawyers from Mitchell Silberberg & Knupp. Executive Moves News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69252/deutsche-bank-to-cut-1950-jobs-in-postbank-integration-handelsblatt Deutsche Bank is in the process of integrating Postbank, the retail banking business once owned by the German postal service Executive Moves News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69254/lombard-odier-hires-former-credit-suisse-director Lombard Odier has announced that Alexandre Zeller, who also announced his departure from Credit Suisse Executive Moves News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69282/simon-lambert-look-after-the-bossamp039s-pension-or-they-wonamp039t-look-after-yours-how-squeezing-high-earners-backfired When the directors’ pension pots hit just over £1million, or their annual payments in hit £40,000, they end up with a tax headache that means there is little point in them remaining in the company retirement scheme. Legal, Regulation & Compliance News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69286/compenswiss-moves-to-tackle-mounting-cashflow-problem Switzerland’s federal social security office has calculated that the AHV/AVS fund, which is for first pillar pensions, will run out of assets by the end of 2030 if no measures to address the funding imbalance are adopted before then. Legal, Regulation & Compliance Ana Hall Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69292/market-abuse-requires-a-dynamic-response-to-a-changing-risk-profile A number of these judgements are extremely time sensitive and it is my suspicion that this pressure of time will only increase. Legal, Regulation & Compliance News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69293/eu-cross-border-payments-outside-eurozone-meps-scrap-excessive-fees Transparent currency conversions for card-based transactions and bank transfers Legal, Regulation & Compliance Mitzi Limlengco Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69303/uk-and-canada-forge-closer-fintech-ties Renewing this MoU will help us to encourage greater innovation and ensure ongoing cooperation between the UK and Canada. Legal, Regulation & Compliance News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69305/no-deal-brexit-may-disrupt-esmaamprsquos-mifid-thresholds Maijoor added that in no-deal Brexit, from that date, no new UK data will be collected by ESMA Legal, Regulation & Compliance News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69244/eu-adds-saudi-arabia-to-dirty-money-blacklist-upsets-britain Apart from reputational damage, inclusion on the list complicates financial relations with the EU. Legal, Regulation & Compliance News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69245/libor-is-being-overtaken-will-it-be-a-car-crash It analyses the four markets most affected by the discontinuation of LIBOR Legal, Regulation & Compliance News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69249/fca-accused-of-not-taking-responsibility Nor does it include a glossary of consumer friendly terms and Mr Bussy said this means individual fund houses will be confused about how to do it. Legal, Regulation & Compliance News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69253/switzerland-new-laws-on-financial-services The FinSA contains cross-sector rules for offering financial services and distributing financial instruments. Legal, Regulation & Compliance News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69287/belgiumamprsquos-bnp-paribas-fortis-unleashes-bank-account-aggregator The new approach is in line with our broader ambitions to improve the perception of our users and to offer them new, innovative services that facilitate their daily life, in the context of the new Payment Services Directive (PSD).” FinTech Ana Hall Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69290/block-asset-management-launches-blockchain-multi-strategy-certificate The open-ended tracker certificate is listed on the Vienna Stock Exchange (Wiener Borse) and will track the performance of their Blockchain & Crypto Fund. FinTech News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69302/swiss-allege-woman-sweet-talked-her-way-to-2m-bank-scam They said the woman, who was not identified, was working with an “internationally active group” that also used spam emails in the scheme. FinTech News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69307/top-5-lessons-private-banks-can-learn-from-fintech There are also several white-label innovations which can be plugged in to private banking platforms FinTech Ana Hall Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69310/axia-suite-21-released-with-new-functional-features Axia Suite has now been enriched with new functionalities for risk management & compliance. FinTech News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69248/online-mortgage-broker-secures-amppound7m-funding The system uses artificial intelligence and the concept of natural language understanding to reduce the time it takes to get a decision. FinTech News Aggregation Team Wednesday, February 13, 2019 12:00 am http://europe.managersofwealth.com/article/69218/ai-powered-banking-experiences Banks are generally still poor at understanding their customers and their specific needs. FinTech News Aggregation Team Wednesday, February 13, 2019 12:00 am http://europe.managersofwealth.com/article/69223/eastern-european-companies-fear-amp039chaosamp039-of-no-deal-brexit Trade with central and eastern Europe already affected and local GDP could shrink by 5% FinTech Mitzi Limlengco Tuesday, February 12, 2019 12:00 am http://europe.managersofwealth.com/article/69200/bitcoin-after-death-your-digital-inheritance-part-1-bitcoin-blockchain-and-the-cryptowallet If someone dies or loses mental capacity without leaving instructions on how to access their virtual wallet, there is very little which can currently be done to retrieve their crypto assets. FinTech News Aggregation Team Tuesday, February 12, 2019 12:00 am http://europe.managersofwealth.com/article/69212/hungaryamprsquos-mkb-restructures-around-digital Can the combination of core banking system replacement and a pioneering fintech programme help re-privatized lender MKB Bank leapfrog its rivals in the Hungarian market in the race for technological supremacy? FinTech News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69280/foster-denovo-acquires-kent-based-adviser Orchard was founded in 2005 by Mike Wiggins and Sally Wiggins both of whom will join Foster Denovo as employees, the former as a senior partner. Alternative Investments News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69285/is-there-life-in-the-lifetime-isa Which? investigates whether the savings product has a future Alternative Investments News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69295/baml-and-ubs-lead-amppound450m-fundraising-for-property-developer Segro will use new equity to finance warehouse developments in UK and Europe Alternative Investments News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69296/platforum-the-insidious-retirement-planning-risks-ahead-for-advisers Changes to accounting standards meant employers were forced to recognise the true liabilities they held on their balance sheets Alternative Investments News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69243/axa-im-offers-fintech-exposure-with-cross-border-fund-launch The fund forms part of the "Evolving Economy" fund range which is comprised of five key themes: Automation, the Connected Consumer, Ageing and Lifestyle, Cleantech, and Transitioning Societies, which AXA IM believes will shape the way companies Alternative Investments News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69250/denmarkamp039s-biggest-pension-fund-may-see-inflows-surge-40-percent Under the proposal in parliament, government funds currently allocated for social, health and labor programs will be rerouted to ATP, the state-backed pension fund to which all working Danes must contribute. Alternative Investments News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69251/patrizia-raises-ampeuro200m-for-seventh-european-property-fund-at-second-close TEP VII will pursue a cash-flow driven, value-add strategy primarily across the office, industrial and residential sectors in continental Europe and the UK. Alternative Investments Mitzi Limlengco Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69262/sgss-in-italy-and-luxembourg-wins-three-new-mandates Thanks to the signing of this important deal, SGSS strengthens its position as key player in its reference market Alternative Investments News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69270/aj-bell-slashes-charges-on-its-multi-asset-funds-to-035 The AJ Bell Balanced fund is the largest in the range and has already seen two price cuts, taking its OCF down to 0.40%. Alternative Investments News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69271/swiss-life-to-pay-ampeuro17bn-for-premium-office-portfolio-in-paris Swiss Life said 90% of the portfolio consists of prime office buildings located in the CBD of Paris. Alternative Investments News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69289/does-credit-suisse-pay-inordinately-well-in-paris While managing directors (MDs) at French banks struggle by on €200k in base salaries, Credit Suisse is said to pay favoured French MDs €400k in base salary alone. Investment Banking News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69294/rbs-warns-of-brexit-damage-despite-profits-more-than-doubling Figure of £1.6bn means bank records second straight year of profit since 2008 state bailout Investment Banking News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69256/abn-amro-shares-fall-more-than-6-after-fourth-quarter-profit-misses-forecast Clifford Abrahams, chief financial officer of ABN Amro told CNBC: "Q4 was operationally solid and steady...But we had a couple of specific items in Q4, we had some expenses and elevated impairments." Investment Banking News Aggregation Team Tuesday, February 12, 2019 12:00 am http://europe.managersofwealth.com/article/69185/deutsche-bankamprsquos-funding-woes-deepen Lender pays highest rates on euro bond market this year for a leading international bank Investment Banking News Aggregation Team Monday, February 11, 2019 12:00 am http://europe.managersofwealth.com/article/69142/societe-generale-eyes-saudi-opportunities-after-middle-east-expansion Saudi Arabia is attracting the attention of the world's biggest banks as it undergoes an economic transformation that includes raising debt through bond sales Investment Banking News Aggregation Team Friday, February 08, 2019 12:00 am http://europe.managersofwealth.com/article/69081/how-compliance-jobs-in-investment-banks-fell-down-to-earth There was no strategic thinking – it was just adding people to mollify the regulators.” Investment Banking News Aggregation Team Wednesday, February 06, 2019 12:00 am http://europe.managersofwealth.com/article/68995/hsbc-said-to-cut-over-50-jobs-in-investment-banking-division Cull in global banking and markets unit to begin this week Investment Banking News Aggregation Team Wednesday, February 06, 2019 12:00 am http://europe.managersofwealth.com/article/69018/2-barclays-lawyers-killed-in-avalanche A former Ashurst associate and her colleague were among the victims. Investment Banking Ana Hall Wednesday, February 06, 2019 12:00 am http://europe.managersofwealth.com/article/69022/highlights-of-handelsbankenamprsquos-annual-report-january-ampndash-december-2018 Growth in business volumes in all home markets. Investment Banking News Aggregation Team Tuesday, February 05, 2019 12:00 am http://europe.managersofwealth.com/article/68965/japanamp039s-daiwa-aims-to-tap-private-equity-ties-in-push-for-europe-advisory-gigs Under its latest European recruitment push, Daiwa has also hired a Britain-based M&A banker specialised in the fintech sector, Hiroki Ikeda, Daiwa’s deputy head of global investment banking, said in an interview. Investment Banking News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69279/cost-of-brexit-to-uk-economy-running-at-amppound40bn-a-year-ampndash-bank-rate-setter Gertjan Vlieghe’s estimate of weekly bill, £800m, is more than double battlebus ‘bonus’ Comment, Analysis & Research News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69259/credit-agricoleamp039s-q4-profits-beat-forecasts-meet-targets-a-year-early Revenue grew by an average 4.3 percent a year in 2016-2018, while return on tangible equity rose to 12.7 percent. The bank will issue new targets for 2019-2022 in June. Comment, Analysis & Research Ana Hall Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69265/making-fund-administration-simple-for-private-equity-funds-with-real-property-investments A number of funds are also involved in real estate and infrastructure development projects. Comment, Analysis & Research News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69267/indian-hnis-eye-london-property-after-brexit In the run-up to the Brexit, housing prices in London remained remarkably subdued in 2018. Comment, Analysis & Research Penny Lovell Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69274/how-can-we-make-philanthropy-easy-for-high-net-worth-individuals-by-penny-lovell With around £750,000,000 unclaimed every year in gift aid, it’s no wonder a charity like Prism, whose mission is to streamline the admin associated with large-scale charitable gifting, has been going from strength to strength. Comment, Analysis & Research Tim Price Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69275/is-mark-carney-the-biggest-cnut-in-the-world-by-tim-price King Carney fails to command the tides Comment, Analysis & Research News Aggregation Team Wednesday, February 13, 2019 12:00 am http://europe.managersofwealth.com/article/69226/what-does-jeremy-corbyn-really-think-about-brexit Brexit has become a divisive issue for the Labour leader and his party. Comment, Analysis & Research Ana Hall Wednesday, February 13, 2019 12:00 am http://europe.managersofwealth.com/article/69232/ampquotweamprsquore-indisputably-in-a-mid-cycle-slowdownampquot-uk-inflation-nancy-curtin-close-brothers The sluggish UK economy is symptomatic of the wider picture. Comment, Analysis & Research News Aggregation Team Wednesday, February 13, 2019 12:00 am http://europe.managersofwealth.com/article/69236/as-a-woman-you-are-somewhat-of-a-rarity-in-this-sectoramprsquo Award-winning investment adviser, Susannah Gray, discusses the challenges and the opportunities for female advisers in a male dominated industry, everyday sexism and how technology is blazing a trail for the future. Comment, Analysis & Research News Aggregation Team Wednesday, February 13, 2019 12:00 am http://europe.managersofwealth.com/article/69239/eu-blacklists-23-countries-posing-risks EU move part of efforts to tighten illicit financial flows Comment, Analysis & Research News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69278/dow-schofield-watts-launches-new-tax-consultancy-arm DSW Tax Consulting is one of a number of specialist tax services offered by Dow Schofield Watts, including private client tax, VAT and tax resolution for those in dispute with HMRC. Tax News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69281/government-reveals-cost-of-thawing-half-a-million-expatsamp039-frozen-state-pensions-over-next-five-years-amppound3bn-or-03-of-its-pension-budget However, this average cost of just over £600million a year over the next five years is just 0.3 per cent of the £165.8billion total the UK Government spent on pensions in the last financial year. Tax News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69300/tax-regime-that-favoured-multinationals-was-not-illegal-state-aid-says-eu-court The system angered local companies, who pay tax on all profits and cannot export a share, meaning they pay a greater share than international companies. Tax News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69306/hmrc-warns-advisers-misunderstood-tax-guidance It effectively meant clients were paying advisers for a service they did not need. Tax News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69246/britons-at-a-loss-when-it-comes-to-property-inheritance-tax The lack of knowledge extends beyond property to other assets. Tax Ana Hall Wednesday, February 13, 2019 12:00 am http://europe.managersofwealth.com/article/69220/why-hmrc-is-looking-down-under-for-loan-charge-settlements The aim of every tax jurisdiction is to get its hands on the money as soon as possible – ideally before it has reached an individual’s pockets. Tax News Aggregation Team Wednesday, February 13, 2019 12:00 am http://europe.managersofwealth.com/article/69228/investments-trusts-keeping-it-in-the-family Caledonia Investments has strong momentum and is trading at a discount Tax Andro Bautista Monday, February 11, 2019 12:00 am http://europe.managersofwealth.com/article/69149/new-italian-tax-regime-for-retired-people-abroad The Italian legislator set forth a new regime reserved to retired people resident abroad and receiving pensions sourced outside Italy Tax News Aggregation Team Monday, February 11, 2019 12:00 am http://europe.managersofwealth.com/article/69150/russia-considers-getting-rid-of-gold-tax-to-boost-investment The Finance Mistry has initiated the elimination of the VAT on gold bar purchases, the ministry has told Izvestia,” the newspaper reported on Thursday. Tax Mitzi Limlengco Monday, February 11, 2019 12:00 am http://europe.managersofwealth.com/article/69165/new-stamp-duty-land-tax-surcharge-for-non-uk-resident-homebuyers-to-be-introduced Proceeds of the new surcharge would be put towards measures to tackle rough sleeping. Tax News Aggregation Team Tuesday, February 12, 2019 12:00 am http://europe.managersofwealth.com/article/69182/closure-of-bank-branches-and-cash-machines-amplsquocutting-offamprsquo-parts-of-scotland Consumer group Which? is calling for a regulator for cash access to be appointed Retail Banking News Aggregation Team Friday, February 08, 2019 12:00 am http://europe.managersofwealth.com/article/69108/nationwide-takes-it-investment-hit-as-profits-fall This investment is to ensure we can continue to meet our members’ changing needs in an increasingly digital future. Retail Banking News Aggregation Team Thursday, February 07, 2019 12:00 am http://europe.managersofwealth.com/article/69053/socgen-to-shrink-trading-unit-cuts-targets-after-market-rout Bank sees fixed-income, commodities, currency trading down 29% Retail Banking News Aggregation Team Wednesday, February 06, 2019 12:00 am http://europe.managersofwealth.com/article/69050/french-bank-bnp-paribas-lowers-targets-after-weak-fourth-quarter Net profit was slightly above market expectations at 1.44 billion euros, compared with an expected 1.41 billion euros, and marking a marginal increase from fourth quarter net profit of 1.43 billion euros a year earlier. Retail Banking News Aggregation Team Tuesday, February 05, 2019 12:00 am http://europe.managersofwealth.com/article/68969/britainamp039s-metro-bank-hit-by-fraud-attack The news of the fraud attack follows a turbulent few weeks for Metro, an upstart retail bank founded in Britain in 2010 by U.S. businessman Vernon Hill. Retail Banking News Aggregation Team Monday, February 04, 2019 12:00 am http://europe.managersofwealth.com/article/68922/abn-amro-says-no-to-mortgages-for-dutch-expats-outside-europe One bank client who worked as an asset manager for ABN Amro itself, was refused a mortgage because the bank could not be sure of the source of her income Retail Banking News Aggregation Team Friday, February 01, 2019 12:00 am http://europe.managersofwealth.com/article/68894/refile-german-regional-state-backs-savings-banksamp039-bid-for-nordlb German savings banks on Thursday decided on a plan for the recapitalisation of NordLB, pitting them against a joint bid by private equity groups Cerberus and Centerbridge. Retail Banking News Aggregation Team Friday, February 01, 2019 12:00 am http://europe.managersofwealth.com/article/68903/tsb-suffers-first-full-year-loss-as-it-fiasco-costs-weigh-on-profit Bank paid compensation and waived fees when customers were left without account access Retail Banking News Aggregation Team Wednesday, January 30, 2019 12:00 am http://europe.managersofwealth.com/article/68823/santander-profits-drop-amid-cost-pressures The bank’s total operating income also dropped, coming in at £3.6bn compared with £3.8bn the previous year. Retail Banking Kris Borres Monday, January 28, 2019 12:00 am http://europe.managersofwealth.com/article/68739/unicredit-ordered-to-tell-clients-about-breach-of-mobile-bank-accounts The incident has been closed and resolved both with clients and competent authorities,” the bank said. Retail Banking News Aggregation Team Tuesday, February 12, 2019 12:00 am http://europe.managersofwealth.com/article/69205/major-banks-accused-of-amplsquopensions-racketamprsquo-for-senior-executives Major Tier 1 banks in the UK are under fire from shareholders and professional organizations over massive pension contributions and lump sums that are not available to other staff, and are being disguised. Transparency, eh? Pensions News Aggregation Team Monday, February 11, 2019 12:00 am http://europe.managersofwealth.com/article/69143/hargreavesamp039s-mcphail-to-chair-transfers-group Mr McPhail, who is also head of policy at Hargreaves Lansdown, has explained why he is committed to Star. Pensions News Aggregation Team Tuesday, January 29, 2019 12:00 am http://europe.managersofwealth.com/article/68792/insurance-boss-warns-pension-shake-up-plans-are-amplsquoterrifyingamprsquo Chief of life insurer PIC warns superfund proposals could hit scheme protections Pensions Mitzi Limlengco Monday, January 28, 2019 12:00 am http://europe.managersofwealth.com/article/68763/pimfa-calls-retirement-outcomes-review-from-fca-an-opportunity-missed-for-consumer-engagement The pensions advice allowance remains an obvious tool for consumers who have never accessed advice to use in order to better understand their options and the implications of their product choices. Pensions Ana Hall Friday, January 25, 2019 12:00 am http://europe.managersofwealth.com/article/68709/lebc-expresses-concerns-over-record-numbers-accessing-pension-plansrecord-withdrawals People deserve the facts prior to making a decision, not after, when it is too late to reverse their decision. Pensions News Aggregation Team Thursday, January 24, 2019 12:00 am http://europe.managersofwealth.com/article/68660/from-truffle-trees-to-sunken-treasure-beware-of-unregulated-investments-in-your-pension Self-invested personal pensions, or Sipps, give us the freedom to invest in what we want. Pensions News Aggregation Team Thursday, January 17, 2019 12:00 am http://europe.managersofwealth.com/article/68440/wealthy-expats-are-looking-at-portugal-for-retirement The NHR status is also attractive to retirees as most withdrawals from UK pensions taken as income or lump sums are completely tax-free in the first 10 years living there. Pensions News Aggregation Team Thursday, January 17, 2019 12:00 am http://europe.managersofwealth.com/article/68472/malta-implements-sweeping-changes-to-pension-regulations-rules There are also stricter rules when it comes to investing Pensions News Aggregation Team Wednesday, January 09, 2019 12:00 am http://europe.managersofwealth.com/article/68212/belgium-adopts-iorp-ii-law-with-transitional-measures The key IORP II implementation elements for Belgian pension funds, according to Sommerijns, were the risk management function and own risk assessment requirements. Pensions News Aggregation Team Tuesday, January 08, 2019 12:00 am http://europe.managersofwealth.com/article/68164/db-transfer-compensation-doubles-in-two-years The FSCS data was requested by Nick Smith, MP for Blaenau Gwent in south Wales, who told the FT the fact the payouts have doubled is “absolutely shocking”. Pensions News Aggregation Team Friday, February 15, 2019 12:00 am http://europe.managersofwealth.com/article/69309/warning-for-british-banks-over-brexit-staff-relocation All banks must ensure that they have relocated sufficient staff to the EU 27 entities Brexit News Aggregation Team Thursday, February 14, 2019 12:00 am http://europe.managersofwealth.com/article/69247/bank-of-america-brexit-preparations-cost-400m As part of its Brexit preparations Bank of America last year named Dublin as its new European banking headquarters and Paris as its European trading headquarters. Brexit News Aggregation Team Wednesday, February 13, 2019 12:00 am http://europe.managersofwealth.com/article/69235/business-families-consider-option-as-brexit-deadline-nears Certainly it will be influencing decisions for European family businesses about whether to continue to invest or operate a base in the UK, but we are yet to see any signs of capital flight. Brexit News Aggregation Team Monday, February 11, 2019 12:00 am http://europe.managersofwealth.com/article/69129/british-and-us-banks-at-loggerheads-over-ties-with-eu-ahead-of-brexit While US banks want Britain to maintain the closest possible ties with the EU after Brexit, UK banks and insurers are anxious they don't become beholden to new laws made by Brussels Brexit News Aggregation Team Monday, February 11, 2019 12:00 am http://europe.managersofwealth.com/article/69144/brexit-halts-pensionersamp039-eu-emigration-trend This is the first year since 2007 that the number of pensioners retiring abroad has decreased. Brexit News Aggregation Team Monday, February 11, 2019 12:00 am http://europe.managersofwealth.com/article/69156/largest-gold-shipment-moves-to-dublin-amid-brexit-concerns GoldCore Research Director Mark O'Byrne said that the demand for gold storage in Dublin has been strong. Brexit News Aggregation Team Tuesday, February 05, 2019 12:00 am http://europe.managersofwealth.com/article/68967/eurozone-warning-eu-banks-panic-at-huge-italy-debt-france-and-germany-at-risk BANKS in France, Germany and Belgium are most at risk of contagion from Italy’s deepening debt crisis, new data has revealed. Brexit News Aggregation Team Monday, February 04, 2019 12:00 am http://europe.managersofwealth.com/article/68916/norwayamp039s-1-trillion-man-talks-brexit-china-and-big-tech Yngve Slyngstad, CEO of the world's biggest sovereign wealth fund, describes how it invests for his grandchildren's grandchildren. Brexit News Aggregation Team Monday, February 04, 2019 12:00 am http://europe.managersofwealth.com/article/68960/the-developing-countries-with-the-most-to-fear-from-brexit Malawi, which sends 3.4% of its exports to the UK, would be the second most affected, DIE said. Brexit News Aggregation Team Monday, January 28, 2019 12:00 am http://europe.managersofwealth.com/article/68745/research-brokers-must-ramp-up-brexit-plans-says-tax-expert Just as certain research brokers have got their MiFID II operational houses in order, along comes Brexit.” Brexit