Managers of Wealth - Europe http://europe.managersofwealth.com/ Sat, 17 May 2025 12:25:16 BST part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Julius Baer fined over lapses in AML controls News Aggregation Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123206/julius-baer-fined-over-lapses-in-aml-controls FINMA’s decision focused on the bank's inability to detect or act on suspicious transactions from 2009 to 2019. Wealth and Asset Management Results of the Annual General Meeting of GAM Holding AG News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123210/results-of-the-annual-general-meeting-of-gam-holding-ag The compensation report for 2024 was approved in a non-binding consultative vote. Wealth and Asset Management ZWEI Wealth opens Wealth Office Hub in Geneva and drives expansion in French-speaking Switzerland News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123215/zwei-wealth-opens-wealth-office-hub-in-geneva-and-drives-expansion-in-french-speaking-switzerland The hub represents a significant strategic step in the nationwide expansion of its successful Wealth Office business model. Wealth and Asset Management The Board of Directors approves the planned merger of Caser, Helvetia Seguros and Helvetia Holding Suizo News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123216/the-board-of-directors-approves-the-planned-merger-of-caser-helvetia-seguros-and-helvetia-holding-suizo This decision represents a further step in the merger process. Wealth and Asset Management From dancing to banking: The value of diverse skills News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123218/from-dancing-to-banking-the-value-of-diverse-skills Dancing is a tough profession in which you can never rest on your laurels Wealth and Asset Management Sustainable Wealth Management Is Aligning Investors’ Values with Their Wealth News Aggregation Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123223/sustainable-wealth-management-is-aligning-investorsamprsquo-values-with-their-wealth As such, wealth managers across the world are only too happy to continue integrating ESG considerations into their investment products and services. Wealth and Asset Management UK ‘golden visa’ plans too little, too late, say wealth managers News Aggregation Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123226/uk-amplsquogolden-visaamprsquo-plans-too-little-too-late-say-wealth-managers The UK government is currently weighing a visa scheme that would grant residency to individuals who commit substantial capital to high-growth sectors such as life sciences, artificial intelligence, and renewable energy. Wealth and Asset Management Sarasin & Partners unveils risk-rated multi-asset suite News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123227/sarasin-ampamp-partners-unveils-risk-rated-multi-asset-suite The team believe this flexibility will be increasingly beneficial in a rapidly changing global economic environment. Wealth and Asset Management New SJP boss James Rainbow scoops £2m share award after giving up Schroders deal News Aggregation Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123170/new-sjp-boss-james-rainbow-scoops-amppound2m-share-award-after-giving-up-schroders-deal Chief executive of SJP Wealth Management will have to stick with the firm for three years to collect over 200,000 vesting shares Wealth and Asset Management Private banking in a fragmented world: insights from Xavier Bonna, Managing Partner at Lombard Odier News Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123171/private-banking-in-a-fragmented-world-insights-from-xavier-bonna-managing-partner-at-lombard-odier In a world increasingly defined by fragmentation and volatility, the role of private banking has never been more critical – or more complex. Wealth and Asset Management Apex Group appoints new Global Head of Fintech News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123203/apex-group-appoints-new-global-head-of-fintech Apex Group hires for newly created ‘Global Head of Fintech’ role, strengthening its fintech strategy and enhancing its digital capabilities. Executive Moves Oak strengthens governance services offering with key appointment in Guernsey News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123204/oak-strengthens-governance-services-offering-with-key-appointment-in-guernsey Her distinguished career and in-depth knowledge of regulatory frameworks and board advisory make her a valuable asset as Oak continues to expand its governance offering. Executive Moves Alvarez & Marsal Appoints Dr. Gion Job Senior Director to Bolster Tax Practice in Switzerland News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123205/alvarez-ampamp-marsal-appoints-dr-gion-job-senior-director-to-bolster-tax-practice-in-switzerland The seasoned professional brings more than three decades of industry experience in Tax, M&A and change management Executive Moves Morrissey becomes Country Head for Ireland at ONE News Aggregation Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123213/morrissey-becomes-country-head-for-ireland-at-one In his new role, Morrissey will be expected to lead ONE's strategic growth and operations within the Irish market. Executive Moves Mirabaud AM promotes bond chief to CIO News Aggregation Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123217/mirabaud-am-promotes-bond-chief-to-cio Andrew Lake steps into the role after 12 years with the Swiss firm. Executive Moves 7IM makes double senior appointment News Aggregation Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123169/7im-makes-double-senior-appointment Both roles begin on 1 June Executive Moves SIX appoints exchanges head in executive reshuffle News Aggregation Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123181/six-appoints-exchanges-head-in-executive-reshuffle Two current staff will join the executive board, as well as Rafael Moral Santiago, who steps up following a senior role at HSBC in Hong Kong. Executive Moves New Second Permanent Secretary to the Treasury appointed News Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123184/new-second-permanent-secretary-to-the-treasury-appointed Jim O’Neil has been appointed as a new Second Permanent Secretary to the Treasury. Executive Moves River Global asset management CEO departs News Aggregation Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123192/river-global-asset-management-ceo-departs Current head of equities Matt Hudson to become CIO Executive Moves New appointment boosts Private Client team at mfg Solicitors News Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123189/new-appointment-boosts-private-client-team-at-mfg-solicitors Sophie Shakeshaft, has joined the firm as it continues to increase its regional presence. Executive Moves Central Bank of Ireland publishes Markets Update No 4 of 2025 News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123208/central-bank-of-ireland-publishes-markets-update-no-4-of-2025 A summary of the Central Bank of Ireland's Markets Update No. 4 of 2025 for regulated firms and other market participants Legal, Regulation & Compliance IONITY with record financing to expand critical infrastructure for Europe’s electric future News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123214/ionity-with-record-financing-to-expand-critical-infrastructure-for-europeamprsquos-electric-future This marks the largest loan transaction ever made in the European EV charging industry and underscores the market’s trust in IONITY’s long-term vision. Legal, Regulation & Compliance The EBA updates list of other systemically important institutions News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123219/the-eba-updates-list-of-other-systemically-important-institutions The EBA Guidelines define the size, importance, complexity and interconnectedness as the criteria to identify O-SIIs. Legal, Regulation & Compliance Harnessing the digital future of payments: Europe's path to sovereignty and innovation News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123220/harnessing-the-digital-future-of-payments-europeamp039s-path-to-sovereignty-and-innovation Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the France Payments Forum event “Digital euro and the future of payments in Europe” Legal, Regulation & Compliance Simplify Consulting on FCA Survey about one-in-10 have no cash savings News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123225/simplify-consulting-on-fca-survey-about-one-in-10-have-no-cash-savings The UK remains risk-adverse, which creates a larger focus on property and cash savings Legal, Regulation & Compliance QB Partners’ Gerry Brown sheds light on reservation of benefit case News Aggregation Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123229/qb-partnersamprsquo-gerry-brown-sheds-light-on-reservation-of-benefit-case The executor’s barrister argued that the ‘reservation of benefits’ provisions did not apply Legal, Regulation & Compliance More people have bank accounts but one in ten have no cash savings, FCA survey reveals News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123230/more-people-have-bank-accounts-but-one-in-ten-have-no-cash-savings-fca-survey-reveals Lenders also have a range of options available to help people struggling with repayments. Legal, Regulation & Compliance FCA confiscates over £300,000 from convicted fraudsters News Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123175/fca-confiscates-over-amppound300000-from-convicted-fraudsters The confiscation proceedings for Reuben Akpojaro have been adjourned to a later date. Legal, Regulation & Compliance FCA strips back insurance rulebook News Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123177/fca-strips-back-insurance-rulebook The changes could support lower costs and wider access for the businesses and consumers who rely on insurance to manage risk, while maintaining appropriate levels of protection. Legal, Regulation & Compliance DWP stats show nearly half a billion underpaid to pensioners News Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123201/dwp-stats-show-nearly-half-a-billion-underpaid-to-pensioners This serves as a reminder of the difficulty of administering a benefit that supports over 12 million people and costs £142 billion a year. Legal, Regulation & Compliance Maverix Announces Partnership to Drive Growth in Regulated Digital Asset Solutions News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123207/maverix-announces-partnership-to-drive-growth-in-regulated-digital-asset-solutions This partnership represents a major step in bridging traditional finance and the digital asset ecosystem. FinTech UK Government to pass legislation for private market platform Pisces News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123211/uk-government-to-pass-legislation-for-private-market-platform-pisces In a boost to growth companies and start-ups, the government has also confirmed that it will legislate to ensure employees retain tax advantages on the share options they have FinTech Lloyds Banking Group rolls out AI-driven transaction categorisation tech News Aggregation Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123212/lloyds-banking-group-rolls-out-ai-driven-transaction-categorisation-tech The bank said that the move would help customers better understand what they spend their money on, as well as improving their personalised digital banking experiences. FinTech ROYC Acts as the Structuring and Financial Technology Partner for Riverside for European Wealth Access Fund News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123224/royc-acts-as-the-structuring-and-financial-technology-partner-for-riverside-for-european-wealth-access-fund The firm's international private equity and structured capital portfolios include more than 140 companies. FinTech Arion Bank Strengthens Compliance With Volante Technologies’ Payments as a Service News Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123198/arion-bank-strengthens-compliance-with-volante-technologiesamprsquo-payments-as-a-service Iceland’s leading bank strengthens its modern payments infrastructure and partners with Volante to support long-term innovation and growth FinTech Finanz Informatik and IBM extend and expand collaboration News Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123202/finanz-informatik-and-ibm-extend-and-expand-collaboration IBM supports Finanz Informatik in its strategic initiatives with AI, automation, and hybrid cloud technology FinTech Italian payment app Satispay teams up with Amundi in money market fund service News Aggregation Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123141/italian-payment-app-satispay-teams-up-with-amundi-in-money-market-fund-service Founded in 2013, Satispay provides a mobile app for payments in shops and for money exchanges between users. FinTech LCH DigitalAssetClear goes live News Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123149/lch-digitalassetclear-goes-live The launch of the service illustrates LCH SA’s diversification into new asset classes and demonstrates the continued expansion of LSEG’s post trade ecosystem. FinTech Legacy platforms risk falling behind without innovation News Aggregation Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123167/legacy-platforms-risk-falling-behind-without-innovation It is also said that low costs mean worse support, worse technology and a worse overall experience FinTech Temenos community comes together in Madrid to lead the way in banking innovation News Team Tuesday, May 13, 2025 1:00 am http://europe.managersofwealth.com/article/123125/temenos-community-comes-together-in-madrid-to-lead-the-way-in-banking-innovation Over a thousand attendees will gather at TCF ‘25 to explore Generative AI and other next-gen technologies transforming banking FinTech Switch to bespoke boosting adviser profitability, study shows News Aggregation Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123221/switch-to-bespoke-boosting-adviser-profitability-study-shows There are other factors to consider beyond profitability. Alternative Investments Swiss Re reports a first-quarter net income of USD 1.3 billion News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123222/swiss-re-reports-a-first-quarter-net-income-of-usd-13-billion We have maintained our strong capital position and remain well-placed to support our clients. Alternative Investments EBRD and GCF support green investments in Armenia News Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123173/ebrd-and-gcf-support-green-investments-in-armenia It was created in 2010 under the United Nations Framework Convention on Climate Change and supports low-emission and climate-resilient programmes in developing countries. Alternative Investments Square Mile adds eight fund ratings to Academy News Aggregation Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123174/square-mile-adds-eight-fund-ratings-to-academy Veritas and Baillie Gifford see fund downgrades Alternative Investments Parmenion adds five funds to ESG portfolios News Aggregation Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123182/parmenion-adds-five-funds-to-esg-portfolios Including Schroders, JP Morgan and Carmignac funds Alternative Investments Allianz reports record operating profit and is fully on track to achieve full-year outlook News Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123183/allianz-reports-record-operating-profit-and-is-fully-on-track-to-achieve-full-year-outlook The operating profit has reached a record level of 4.2 billion euros (1Q 2024: 4.0 billion euros), an increase of 6.3 percent, supported by growth across all segments. Alternative Investments German property bank PBB to shun new US business, citing Trump volatility News Aggregation Team Thursday, May 15, 2025 1:00 am http://europe.managersofwealth.com/article/123190/german-property-bank-pbb-to-shun-new-us-business-citing-trump-volatility The lender, also known as PBB, said it would evaluate "all options" for its existing U.S. business, without elaborating. Alternative Investments Allfunds launches a first tranche of €80m of its €250m share buyback programme News Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123148/allfunds-launches-a-first-tranche-of-ampeuro80m-of-its-ampeuro250m-share-buyback-programme The majority of the Shares acquired by Allfunds under the SBB Programme will be cancelled and the remaining repurchased Shares may be used for the purpose of satisfying awards under Allfunds’ employee share plans. Alternative Investments Quilter expands savings account functionality with new CashHub MultiBank News Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123150/quilter-expands-savings-account-functionality-with-new-cashhub-multibank The service now includes access to CashHub MultiBank which enables deposits to be automatically diversified across multiple banks. Alternative Investments Resilient business model shines for Compass as it grows ahead of peers News Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123156/resilient-business-model-shines-for-compass-as-it-grows-ahead-of-peers Growth has been driven by net new business wins, which at 4.4% was within the group’s target range, with pricing and volume also positively contributing. Alternative Investments Bank of America picks up quant MD in London courtesy of Japanese bank News Aggregation Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123146/bank-of-america-picks-up-quant-md-in-london-courtesy-of-japanese-bank The firm has also invested substantially into its fixed-income electronification, something that Di Graziano will likely be intimately aware with. Investment Banking Standard Chartered and Plan International UK renew partnership to tackle youth unemployment in Asia News Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123158/standard-chartered-and-plan-international-uk-renew-partnership-to-tackle-youth-unemployment-in-asia Funded by Standard Chartered Foundation, the partnership aims to empower thousands of young women and people with disabilities to secure decent jobs and strengthen youth economic empowerment across Asia Investment Banking European bank traders deliver best results in more than a decade News Aggregation Team Tuesday, May 06, 2025 1:00 am http://europe.managersofwealth.com/article/122993/european-bank-traders-deliver-best-results-in-more-than-a-decade UBS, BNP Paribas, SocGen, Barclays and Deutsche Bank reported €13bn in combined first-quarter trading revenues Investment Banking Saxo Bank Switzerland is moving forward News Aggregation Team Tuesday, May 06, 2025 1:00 am http://europe.managersofwealth.com/article/122999/saxo-bank-switzerland-is-moving-forward Saxo Bank claims to be the first neobank to offer this service to its clients. Investment Banking Danske Bank posts profit beat and expects moderate tariff impact in Nordic market News Aggregation Team Friday, May 02, 2025 1:00 am http://europe.managersofwealth.com/article/122961/danske-bank-posts-profit-beat-and-expects-moderate-tariff-impact-in-nordic-market The Nordic region has so far been resilient, with strong economic data across the region and Danske Bank said its first-quarter results reflected this. Investment Banking SocGen's BNP hire hasn't helped trading revenues, but that's ok News Aggregation Team Thursday, May 01, 2025 1:00 am http://europe.managersofwealth.com/article/122946/socgenamp039s-bnp-hire-hasnamp039t-helped-trading-revenues-but-thatamp039s-ok Slawomir Krupa, SocGen’s CEO and former investment banking chief, probably sleeps just fine at night. Investment Banking Barclays one of the winners of tariff volatility, but eye needs to be kept on loan losses News Team Wednesday, April 30, 2025 1:00 am http://europe.managersofwealth.com/article/122913/barclays-one-of-the-winners-of-tariff-volatility-but-eye-needs-to-be-kept-on-loan-losses Barclays has been on somewhat of a good run of momentum and these results represent a further quarter of progress towards its 2026 targets set out two years ago. Investment Banking The Netherlands - Revised growth forecasts in response to the US tariffs News Team Friday, April 25, 2025 1:00 am http://europe.managersofwealth.com/article/122817/the-netherlands-revised-growth-forecasts-in-response-to-the-us-tariffs They likely provide a short term boost to households’ purchasing power, but structural investments lack. Investment Banking Oddo BHF’s Ambitious Plan in Switzerland News Aggregation Team Tuesday, April 08, 2025 1:00 am http://europe.managersofwealth.com/article/122541/oddo-bhfamprsquos-ambitious-plan-in-switzerland Since then, the Franco-German financial group has made notable strides—particularly in corporate finance—as its investment banking arm gains significant traction. Investment Banking Barclays offers zero deposit mortgage for Right to Buy applicants News Team Tuesday, April 08, 2025 1:00 am http://europe.managersofwealth.com/article/122554/barclays-offers-zero-deposit-mortgage-for-right-to-buy-applicants Barclays will use the RTB discount in place of a direct deposit, whilst borrowers will also receive the benefit of the reduced rates available for lower Loan-to-Value (LTV) mortgages. Investment Banking Reporting employment related securities: 6 July 2025 deadline News Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123142/reporting-employment-related-securities-6-july-2025-deadline The deadline for filing this annual Employment Related Securities (ERS) return is 6 July 2025 via the HM Revenue & Customs (HMRC) ERS online service. Comment, Analysis & Research A system-wide approach to system-wide resilience: CCPs and their users − speech by Sarah Breeden News Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123157/a-system-wide-approach-to-system-wide-resilience-ccps-and-their-users-ampminus-speech-by-sarah-breeden Given at ISDA Annual General Meeting, Amsterdam Comment, Analysis & Research Portugal: Europe’s new destination for HNW expats and investors News Aggregation Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123159/portugal-europeamprsquos-new-destination-for-hnw-expats-and-investors Offering security, elegance, beauty, and opportunity, Portugal is a destination not to be missed, whether you seek residency or a promising property investment. Comment, Analysis & Research The Gavekal Angle: value investors set to rise like a phoenix News Aggregation Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123164/the-gavekal-angle-value-investors-set-to-rise-like-a-phoenix No carry trade? No momentum trade? No worries; time to revert to the mean Comment, Analysis & Research UK unemployment rate rises to 4.5% as labour market begins to weaken News Team Tuesday, May 13, 2025 1:00 am http://europe.managersofwealth.com/article/123121/uk-unemployment-rate-rises-to-45-as-labour-market-begins-to-weaken Growth in regular pay, excluding bonuses, fell to 5.6% between January and March 2024 Comment, Analysis & Research 2025 European Asset Management Landscape News Aggregation Team Tuesday, May 13, 2025 1:00 am http://europe.managersofwealth.com/article/123128/2025-european-asset-management-landscape While private market asset managers have benefited from high investor demand in private equity, traditional asset managers struggle against margin compression. Comment, Analysis & Research Billionaires Flee London for Milan News Aggregation Team Monday, May 12, 2025 1:00 am http://europe.managersofwealth.com/article/123097/billionaires-flee-london-for-milan The move, intended to target large fortunes, has instead unleashed a wave of capital and talent flight. Comment, Analysis & Research Royal Ascot, London Marathon and the Platinum Jubilee: Events use Scottish land to clean up their carbon footprint News Aggregation Team Monday, May 12, 2025 1:00 am http://europe.managersofwealth.com/article/123100/royal-ascot-london-marathon-and-the-platinum-jubilee-events-use-scottish-land-to-clean-up-their-carbon-footprint Other buyers include British Airways, councils in Devon and Norwich, luxury fashion brand Burberry, and the UK arm of a Silicon Valley tech firm. Comment, Analysis & Research European banks bullish despite tariff uncertainty News Aggregation Team Monday, May 12, 2025 1:00 am http://europe.managersofwealth.com/article/123109/european-banks-bullish-despite-tariff-uncertainty More importantly, despite the tariff uncertainty, European banks are confidently affirming their full-year guidance – in some cases they have even raised some of their projected numbers. Comment, Analysis & Research How can a business sale affect your estate planning? News Team Monday, May 12, 2025 1:00 am http://europe.managersofwealth.com/article/123110/how-can-a-business-sale-affect-your-estate-planning Selling a business represents a significant milestone in a company owner’s life. Comment, Analysis & Research Tax dodging by rich could be ‘much greater than thought’, says UK audit office News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123228/tax-dodging-by-rich-could-be-amplsquomuch-greater-than-thoughtamprsquo-says-uk-audit-office Watchdog issues warning after tax authority succeeds in raising more tax from wealthy than previously estimated Tax Inside the European centres favoured for cross-border tax planning News Aggregation Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123232/inside-the-european-centres-favoured-for-cross-border-tax-planning The report finds that Europe and its associated jurisdictions are collectively linked to over 70% of the risk of corporate tax base erosion globally. Tax How a wealth tax could work in Britain News Aggregation Team Monday, May 12, 2025 1:00 am http://europe.managersofwealth.com/article/123115/how-a-wealth-tax-could-work-in-britain Calls are growing for a levy on total assets– but enforcement is easier said than done Tax Caitlin Southall: Pension reform or punishment? Unpicking the IHT debate News Aggregation Team Wednesday, May 07, 2025 1:00 am http://europe.managersofwealth.com/article/123033/caitlin-southall-pension-reform-or-punishment-unpicking-the-iht-debate Like many in the industry, we identified a range of practical problems, not least for SSASs, which have unique structural characteristics. Tax Labour taxes edge up in the OECD as real wages recover in 2024 News Team Tuesday, May 06, 2025 1:00 am http://europe.managersofwealth.com/article/122994/labour-taxes-edge-up-in-the-oecd-as-real-wages-recover-in-2024 The report looks at eight stylised household types, which vary by income level and household composition. Tax FOI data shows just 2% of estates use this IHT mitigation rule but its use set to skyrocket News Team Tuesday, May 06, 2025 1:00 am http://europe.managersofwealth.com/article/123006/foi-data-shows-just-2-of-estates-use-this-iht-mitigation-rule-but-its-use-set-to-skyrocket This equates to less than 2% of inheritance tax (IHT) paying estates. Tax Is it time to end the private equity tax loophole on carry? News Aggregation Team Friday, May 02, 2025 1:00 am http://europe.managersofwealth.com/article/122955/is-it-time-to-end-the-private-equity-tax-loophole-on-carry Ironically, if taxation on private equity is increased in the US, it is now more likely that it will be at the hands of the Republicans, traditionally the party of finance and low taxation. Tax HMRC simplifies tax reporting as more taxpayers face Self Assessment amid shrinking allowances News Aggregation Team Tuesday, April 29, 2025 1:00 am http://europe.managersofwealth.com/article/122871/hmrc-simplifies-tax-reporting-as-more-taxpayers-face-self-assessment-amid-shrinking-allowances Up to 300,000 taxpayers could be removed from the requirement to complete a Self Assessment return, with a new digital reporting service introduced for those with modest additional income. Tax Ex-EY and PwC executives launch Unity Advisory to challenge Big Four in UK – report News Aggregation Team Monday, April 28, 2025 1:00 am http://europe.managersofwealth.com/article/122851/ex-ey-and-pwc-executives-launch-unity-advisory-to-challenge-big-four-in-uk-ampndash-report Backed by up to $300m (£225.54m) from Warburg Pincus, the venture is due to commence operations by June. Tax Advisers adapting to tax, tech and generational shifts: FE fundinfo survey News Aggregation Team Friday, April 25, 2025 1:00 am http://europe.managersofwealth.com/article/122839/advisers-adapting-to-tax-tech-and-generational-shifts-fe-fundinfo-survey In a session delving into the ‘evolving wealth management landscape’ held yesterday, Stephen Ford highlighted that the looming overhaul of the UK’s tax framework formed a big theme. Tax VIVID and Barclays deliver first ever loan to retrofit social housing under £1.3bn NWF scheme News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123231/vivid-and-barclays-deliver-first-ever-loan-to-retrofit-social-housing-under-amppound13bn-nwf-scheme The £50m loan is the largest that can be issued under the guarantee scheme and is being provided by Barclays, with a 70% guarantee from the NWF. Retail Banking DWP hunts ‘strategic supplier’ of open banking tech for Universal Credit News Aggregation Team Wednesday, May 14, 2025 1:00 am http://europe.managersofwealth.com/article/123147/dwp-hunts-amplsquostrategic-supplieramprsquo-of-open-banking-tech-for-universal-credit The department’s move is significant on numerous fronts and the latest show of faith from the UK public sector in the potential of financial technology for public policy delivery. Retail Banking Santander rejected £11 billion bid from NatWest for UK arm News Aggregation Team Monday, May 12, 2025 1:00 am http://europe.managersofwealth.com/article/123098/santander-rejected-amppound11-billion-bid-from-natwest-for-uk-arm The Spanish lender said it would redeploy some of the proceeds from the stake sale to invest in its other regions, as it accelerates a strategic pivot away from Europe to the Americas. Retail Banking CaixaBank re-elected Best Digital Private Bank in Europe by PWM (Financial Times Group) News Team Monday, May 12, 2025 1:00 am http://europe.managersofwealth.com/article/123106/caixabank-re-elected-best-digital-private-bank-in-europe-by-pwm-financial-times-group This award is added to the “Best Private Bank in Europe for Digital Marketing and Communication 2025”, which the financial institution has won for the fourth consecutive year. Retail Banking Commerzbank delivers strong quarterly results News Team Friday, May 09, 2025 1:00 am http://europe.managersofwealth.com/article/123088/commerzbank-delivers-strong-quarterly-results Growth in net commission income continues Retail Banking DenizBank partners with Konsentus to enhance open banking operations News Aggregation Team Friday, May 09, 2025 1:00 am http://europe.managersofwealth.com/article/123090/denizbank-partners-with-konsentus-to-enhance-open-banking-operations This partnership seeks to achieve regulatory compliance, boost operational efficiency, and strengthen security in the digital banking sector Retail Banking Santander Sells Bulk of Polish Banking Business for $7.9 Billion News Aggregation Team Tuesday, May 06, 2025 1:00 am http://europe.managersofwealth.com/article/123001/santander-sells-bulk-of-polish-banking-business-for-79-billion Under the terms of the agreement, Santander will sell Erste approximately 49% of Santander Polska’s share capital and 50% of the Polish asset management business that Santander Polska does not own. Retail Banking Santander extends standard new build offer validity to nine months News Aggregation Team Tuesday, May 06, 2025 1:00 am http://europe.managersofwealth.com/article/123018/santander-extends-standard-new-build-offer-validity-to-nine-months The extension is designed to help brokers and their customers alleviate concerns should a building completion that take longer than expected, providing greater certainty when buying a new build home. Retail Banking NatWest closing 25 branches in these areas as customers make 'dramatic change' News Aggregation Team Monday, May 05, 2025 1:00 am http://europe.managersofwealth.com/article/122982/natwest-closing-25-branches-in-these-areas-as-customers-make-amp039dramatic-changeamp039 Lloyds Banking Group, which comprises Lloyds Bank, Halifax and Bank of Scotland, has shut down 1,321, with a further 53 set to close this year. Retail Banking Lloyds and Halifax to close 14 bank branches in June - full list News Aggregation Team Monday, May 05, 2025 1:00 am http://europe.managersofwealth.com/article/122983/lloyds-and-halifax-to-close-14-bank-branches-in-june-full-list Lloyds Banking Group is set to close at least 254 branches in 2025 and 2026. Retail Banking ESG considerations driving food and drink industry acquisitions News Team Monday, April 29, 2024 1:00 am http://europe.managersofwealth.com/article/116007/esg-considerations-driving-food-and-drink-industry-acquisitions Businesses are increasingly conscious of the importance of ESG in M&A. Pensions Schroders Greencoat eyes deal for scandal-hit solar operator – reports News Aggregation Team Monday, November 13, 2023 12:00 am http://europe.managersofwealth.com/article/112765/schroders-greencoat-eyes-deal-for-scandal-hit-solar-operator-ampndash-reports The infrastructure unit is a leading contender to buy Toucan Energy, which collapsed a year ago amid a local government scandal. Pensions Pensions allowance tax charges hit record high News Aggregation Team Thursday, March 24, 2022 12:00 am http://europe.managersofwealth.com/article/99923/pensions-allowance-tax-charges-hit-record-high The total value of LTA charges reported by schemes stood at £342mn in 2019-20. This is a 21 per cent increase from £283mn in the previous period. Pensions Pensions industry fires back at Opperman criticism News Team Wednesday, March 16, 2022 12:00 am http://europe.managersofwealth.com/article/99678/pensions-industry-fires-back-at-opperman-criticism Opperman’s remarks went down badly with a number of the industry’s leading voices. Pensions XPS partners with Abrdn to launch DB pensions master trust News Aggregation Team Tuesday, March 08, 2022 12:00 am http://europe.managersofwealth.com/article/99435/xps-partners-with-abrdn-to-launch-db-pensions-master-trust “This new solution should really help bring governance and efficiency improvements to the benefit of thousands of pension scheme members." Pensions Pension providers call for personalised advice rules News Aggregation Team Monday, March 07, 2022 12:00 am http://europe.managersofwealth.com/article/99382/pension-providers-call-for-personalised-advice-rules “UK’s advice rules (from MiFID) prevent firms providing personalised support to customers given the liability risk," it said in its submission. Pensions Government authorises use of dormant pension assets to "change people's lives for the better" News Team Thursday, March 03, 2022 12:00 am http://europe.managersofwealth.com/article/99279/government-authorises-use-of-dormant-pension-assets-to-ampquotchange-peopleamp039s-lives-for-the-betterampquot The UK Government has now announced an expansion of the scheme, which will be expanded to cover pensions, insurance, investment and wealth management accounts. Pensions €43bn pension fund cuts external fund exposure by half in two years News Aggregation Team Friday, February 25, 2022 12:00 am http://europe.managersofwealth.com/article/99130/ampeuro43bn-pension-fund-cuts-external-fund-exposure-by-half-in-two-years Assets under external management hit lowest levels for nearly a decade, as Swedish group focuses on interal efforts. Pensions Pensions platform Guiide considers institutional funding News Aggregation Team Thursday, February 24, 2022 12:00 am http://europe.managersofwealth.com/article/99063/pensions-platform-guiide-considers-institutional-funding Primarily the new funding will be used to develop Guiide+, an extension to its free online pension modelling tools. Pensions Northern Trust Supports AMF News Team Monday, February 21, 2022 12:00 am http://europe.managersofwealth.com/article/98943/northern-trust-supports-amf The implementation of the directive demanded important changes and enhancements to pension fund providers’ business models spanning risk management, governance and member communications. Pensions BNP Paribas targets 400 000 energy-efficient home renovations in Europe by the end of 2026 News Team Friday, May 16, 2025 1:00 am http://europe.managersofwealth.com/article/123209/bnp-paribas-targets-400-000-energy-efficient-home-renovations-in-europe-by-the-end-of-2026 This is the conclusion of a study carried out by BNP Paribas with Harris Interactive on how the French view energy-efficiency refurbishments and improving the energy performance of their housing. Planet SOS Successful exit for ABN AMRO Sustainable Impact Fund News Team Wednesday, May 07, 2025 1:00 am http://europe.managersofwealth.com/article/123028/successful-exit-for-abn-amro-sustainable-impact-fund ABN AMRO SIF aims to achieve financial return alongside environmental impact, and the investment in and exit of Eternal Sun has proven to be a example of both. Planet SOS Macquarie Asset Management acquires additional stake in Island Green Power News Team Monday, May 05, 2025 1:00 am http://europe.managersofwealth.com/article/122974/macquarie-asset-management-acquires-additional-stake-in-island-green-power Macquarie Asset Management first invested in Island Green Power in 2022, and this transaction increases its stake in the business to 100%. Planet SOS Maintaining Momentum: Managing Climate risk in a changing world − speech by David Bailey News Team Wednesday, April 30, 2025 1:00 am http://europe.managersofwealth.com/article/122904/maintaining-momentum-managing-climate-risk-in-a-changing-world-ampminus-speech-by-david-bailey Given at the Climate Financial Risk Forum Planet SOS Schroders and Cornell University publish stewardship framework on climate risk resilience and adaptation News Team Thursday, April 17, 2025 1:00 am http://europe.managersofwealth.com/article/122738/schroders-and-cornell-university-publish-stewardship-framework-on-climate-risk-resilience-and-adaptation Previous analysis by Cornell ILR and Schroders found four countries central to apparel production risk losing $65 billion in export earnings between now and 2030 due to extreme heat and flooding. Planet SOS ESG Economist – Is there a business case for sustainability? News Team Monday, April 14, 2025 1:00 am http://europe.managersofwealth.com/article/122659/esg-economist-ampndash-is-there-a-business-case-for-sustainability These environmental topics were prioritized during more stable macroeconomic times but now seem to have lost relevance. Planet SOS Streamlining ESG due diligence and reporting for leading UK private equity firm News Team Thursday, April 03, 2025 1:00 am http://europe.managersofwealth.com/article/122464/streamlining-esg-due-diligence-and-reporting-for-leading-uk-private-equity-firm They needed an experienced and reliable partner who could streamline this process and help ensure compliance across all required channels. Planet SOS Jupiter Asset Management Turns to Room Zero for Product Profitability News Team Tuesday, April 01, 2025 1:00 am http://europe.managersofwealth.com/article/122409/jupiter-asset-management-turns-to-room-zero-for-product-profitability Room Zero’s cloud-based software eliminates duplication of effort and silos, allowing multiple departments across a single firm to work and process common information. Planet SOS Rathbones Asset Management adopts SDR labels on two funds News Team Monday, March 31, 2025 1:00 am http://europe.managersofwealth.com/article/122390/rathbones-asset-management-adopts-sdr-labels-on-two-funds RAM has enhanced its disclosures to allow investors to understand its aims and processes in relation to the sustainability objectives of the funds. Planet SOS Balancing innovation & ESG – Davina Goodall-Smith at FundsTech Forum 2025 News Aggregation Team Friday, March 28, 2025 12:00 am http://europe.managersofwealth.com/article/122364/balancing-innovation-ampamp-esg-ampndash-davina-goodall-smith-at-fundstech-forum-2025 She is a seasoned executive board director and board committee chair, bringing expertise in corporate governance, strategic leadership and operational excellence. Planet SOS