Managers of Wealth - Europe http://europe.managersofwealth.com/ Sun, 26 Jun 2022 14:18:49 BST part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Deutsche Bank’s Leadership Takes Financial Hit on Staff Use of WhatsApp News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101980/deutsche-bankamprsquos-leadership-takes-financial-hit-on-staff-use-of-whatsapp German lender has come under criticism from regulators Wealth and Asset Management UBP Sells its American Client Business News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101927/ubp-sells-its-american-client-business The two sides have agreed not to disclose the price of the deal for client assets totaling 1 billion Swiss francs ($1.04 billion) to be transferred. Wealth and Asset Management Alternatives are back with diversification opportunities News Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101948/alternatives-are-back-with-diversification-opportunities In the meantime, equity and bond markets are adapting to the tougher conditions, including a rise in interest rates that has spelt the end of free money. Wealth and Asset Management IQ-EQ Compass wins Gold in Citywealth Brand Awards 2022 News Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101949/iq-eq-compass-wins-gold-in-citywealth-brand-awards-2022 The award ceremony took place in London on 21 June 2022, where representatives of IQ-EQ were in attendance. Wealth and Asset Management Alpha Financial Markets posts its "best year in history" as profit up News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101950/alpha-financial-markets-posts-its-ampquotbest-year-in-historyampquot-as-profit-up The number of Alpha Financial's clients increased to 718 from 439 the year before, fostering revenue growth alongside the integration of Lionpoint. Wealth and Asset Management BlackRock veteran partners with P1 to launch impact wealth firm News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101951/blackrock-veteran-partners-with-p1-to-launch-impact-wealth-firm Nick Stoop’s new firm, Pangea Impact Investments, will build impact-focused model portfolios. Wealth and Asset Management JTC Wins at Citywealth Brand Management and Reputation Awards News Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101953/jtc-wins-at-citywealth-brand-management-and-reputation-awards The winners were announced at an event in London earlier this week Wealth and Asset Management Liontrust picture gets cloudier after £2.5bn annual inflow News Aggregation Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101903/liontrust-picture-gets-cloudier-after-amppound25bn-annual-inflow Liontrust’s flows turned negative in the final three months of the financial year in the challenging market conditions. Wealth and Asset Management Russian Gold Finds its Way Into Switzerland News Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101897/russian-gold-finds-its-way-into-switzerland The removal from the so-called good delivery list means Russian gold and silver producers can no longer trade their newly minted bars in London. Wealth and Asset Management Citi Partners with METACO to Develop Institutional Digital Asset Custody Capabilities News Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101899/citi-partners-with-metaco-to-develop-institutional-digital-asset-custody-capabilities This strategic partnership enables Citi to extend its existing capabilities to digital assets while leveraging its current technological, operating and servicing model. Wealth and Asset Management Pension platform appoints CEO News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101974/pension-platform-appoints-ceo He succeeds François Normand, who will leave the company at the end of June. Executive Moves Private banking head exits Edmond de Rothschild News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101928/private-banking-head-exits-edmond-de-rothschild Michel Longhini is leaving the firm, with the group making a senior appointment for its international banking arm. Executive Moves Tim Fassam exits Pimfa role News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101931/tim-fassam-exits-pimfa-role He began in his role in March 2020, joining from TheCityUK, where he was managing director of public affairs, policy and research. Executive Moves Bravura Restructures Leadership Team and Board as it Enters A New Phase of Growth News Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101946/bravura-restructures-leadership-team-and-board-as-it-enters-a-new-phase-of-growth Libby Roy, currently non-executive director of Bravura, has over 20 years leading global financial services and technology companies Executive Moves Ex-Aviva and British Gas exec Hodges to spearhead Marwyn vehicle News Aggregation Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101868/ex-aviva-and-british-gas-exec-hodges-to-spearhead-marwyn-vehicle Mark Hodges, who has run some of the biggest companies in the British insurance industry, will become chairman of MAC II as it seeks substantial takeover targets, Sky News learns. Executive Moves Markel International hires senior underwriter for marine and energy liability News Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101923/markel-international-hires-senior-underwriter-for-marine-and-energy-liability This latest move, coupled with the recent restructure to Markel's liability team, will allow the organisation to develop its service offerings for clients and drive further investment in its liability portfolio. Executive Moves Recognise Bank hires Deutsche Bank veteran as CTO News Aggregation Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101901/recognise-bank-hires-deutsche-bank-veteran-as-cto Sahil Thapa was most recently responsible for strategy execution, business architecture and data, with a focus on loan businesses in the German bank's Corporate and Investment Banking divisions. Executive Moves MyEva, by Wealth Wizards, expands their Sales & Business Development team News Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101894/myeva-by-wealth-wizards-expands-their-sales-ampamp-business-development-team The new team all have a background in employee benefits, and recognise that financial wellbeing is high on the agenda for many HR and Reward departments, forming part of a holistic wellbeing strategy. Executive Moves Howard Group makes strategic hire with appointment of Fred Murphy as Asset Manager News Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101895/howard-group-makes-strategic-hire-with-appointment-of-fred-murphy-as-asset-manager He holds a master’s degree in real estate from the University of Reading and a philosophy degree from the University of Leeds. Executive Moves Deutsche Bank’s Chief Administrative Officer Stefan Simon to join AFCA Board News Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101904/deutsche-bankamprsquos-chief-administrative-officer-stefan-simon-to-join-afca-board He will be transferring these tasks as he takes on new, Board-related ones to Ulrich Goeres, who will be moving to the Expert Committee and will assume the position of Expert Committee Chair on an interim basis. Executive Moves FCA tackling scams faster as part of data strategy News Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101959/fca-tackling-scams-faster-as-part-of-data-strategy This action forms part of an update on the FCA’s data strategy showing the progress it has made improving its use of data and its plans to identify and prevent harm sooner. Legal, Regulation & Compliance FCA fines Ghana International Bank Plc £5.8m for failings in its anti-money laundering controls News Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101960/fca-fines-ghana-international-bank-plc-amppound58m-for-failings-in-its-anti-money-laundering-controls The FCA requires banks to do extra checks on their correspondent banking customers to reduce the higher risk of money laundering and terrorist financing associated with the service. Legal, Regulation & Compliance European Banking Authority Asks for PSD2 Review News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101966/european-banking-authority-asks-for-psd2-review The EBA has observed that, while some objectives of the PSD2 have started to materialise, there are still many issues and challenges that need to be addressed. Legal, Regulation & Compliance Client left to courts after CMC failed to pay Fos award News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101970/client-left-to-courts-after-cmc-failed-to-pay-fos-award He said when he spoke to the firm in July 2020, he was told his case had been passed to a law firm. Legal, Regulation & Compliance Tax authorities issue guidance on amended RETT rules News Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101979/tax-authorities-issue-guidance-on-amended-rett-rules “Grandfathering” and transition rules apply to manage the change from the former rules to the amended rules. Legal, Regulation & Compliance Carey Olsen named a finalist for two STEP Private Client Awards News Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101983/carey-olsen-named-a-finalist-for-two-step-private-client-awards This year's awards also saw a record number of nominations, with 337 submissions from 27 countries for the 21 categories available. Legal, Regulation & Compliance What did the monetarists ever do for us? − speech by Huw Pill News Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101984/what-did-the-monetarists-ever-do-for-us-ampminus-speech-by-huw-pill The current challenge for UK monetary policy is to contain those second round effects and return inflation to target as global energy and goods prices stabilise or revert in the coming years. Legal, Regulation & Compliance 25% of UK advisers unaware of incoming Consumer Duty rules News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101926/25-of-uk-advisers-unaware-of-incoming-consumer-duty-rules Platform providers in demand to help deal with the changes Legal, Regulation & Compliance FCA fines insurance broker JLT Specialty Limited £7.8m for financial crime control failings News Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101930/fca-fines-insurance-broker-jlt-specialty-limited-amppound78m-for-financial-crime-control-failings JLTSL placed business in the London reinsurance market for JLT Re Colombia, another company in the JLT group. Legal, Regulation & Compliance UK Pensions – Enhanced climate change reporting requirements from 1 October News Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101932/uk-pensions-ampndash-enhanced-climate-change-reporting-requirements-from-1-october Trustees now need to get up to speed quickly with these new requirements, as well as watching this space for further developments in this rapidly evolving area. Legal, Regulation & Compliance Northern Trust Appointed to Provide Asset Servicing Solutions to International Biotechnology Trust News Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101954/northern-trust-appointed-to-provide-asset-servicing-solutions-to-international-biotechnology-trust Delivering Holistic Reporting, Trading and Administration Solutions for UK Investment Trust FinTech Northern Trust Creates Digital Assets and Financial Markets Group News Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101955/northern-trust-creates-digital-assets-and-financial-markets-group New Asset Servicing team unifies digital and traditional market functions. FinTech The Tech Start-ups Sectors Dominating The UK In 2022 News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101963/the-tech-start-ups-sectors-dominating-the-uk-in-2022 Despite the economic weight of the pandemic, entrepreneurs across the country have continued to take the plunge and launch their businesses, with more than 770,000 startups formed in 2020 alone. FinTech Ousted Barclays CEO Turns £1 Million Into £600 Million Startup News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101934/ousted-barclays-ceo-turns-amppound1-million-into-amppound600-million-startup One-time establishment banker Antony Jenkins is now looking to upend the finance industry FinTech Meet InvestEngine: An ETF trading platform that just hit £70m AUM News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101937/meet-investengine-an-etf-trading-platform-that-just-hit-amppound70m-aum Started by Gumtree founder Simon Crookall, over 10,500 investors are already using InvestEngine FinTech Wealth Dynamix launches first simplified Client Lifecycle Management benefit calculator for Wealth Managers News Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101947/wealth-dynamix-launches-first-simplified-client-lifecycle-management-benefit-calculator-for-wealth-managers The use cases include increases to prospect win rate and share of wallet via responsive nurture processes and opportunity management. FinTech GoCardless launches new open banking features in Germany, amid projected rising adoption rates News Aggregation Team Tuesday, June 21, 2022 1:00 am http://europe.managersofwealth.com/article/101876/gocardless-launches-new-open-banking-features-in-germany-amid-projected-rising-adoption-rates For GoCardless merchants who use its direct debit service, Instant Bank Pay offers them an alternative to handling single non-recurring payments. FinTech Wealth Wizards releases financial wellbeing app News Team Tuesday, June 21, 2022 1:00 am http://europe.managersofwealth.com/article/101883/wealth-wizards-releases-financial-wellbeing-app Royal London is already using Turo Wellbeing to create a series of personalised journeys to help their customers improve their financial wellbeing and retirement prospects, through a guidance-only pathway. FinTech Fintech helping advisers fulfil consumer duty lands £2.75mn News Aggregation Team Tuesday, June 21, 2022 1:00 am http://europe.managersofwealth.com/article/101884/fintech-helping-advisers-fulfil-consumer-duty-lands-amppound275mn Using artificial intelligence, it can detect vulnerable customers by extracting information from client calls and automatically checking for signs of vulnerability. FinTech Nucleus Finance launches new business loan to appeal to younger SMEs News Aggregation Team Tuesday, June 21, 2022 1:00 am http://europe.managersofwealth.com/article/101887/nucleus-finance-launches-new-business-loan-to-appeal-to-younger-smes The Nucleus Business Loan proposition replaces the SME lender’s Cash Flow Finance product. FinTech Montanaro European Smaller Companies delivers 'unremarkable' return News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101971/montanaro-european-smaller-companies-delivers-amp039unremarkableamp039-return Suffered from growth reversal Alternative Investments EBRD lends Moldova €300 million to safeguard energy security News Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101962/ebrd-lends-moldova-ampeuro300-million-to-safeguard-energy-security The loan will finance up to one-fifth of Moldova’s planned gas imports for 2022, which are vulnerable to potential interruption as a result of the war on Ukraine. Alternative Investments $11tn investor coalition calls for governments to overhaul carbon pricing News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101969/11tn-investor-coalition-calls-for-governments-to-overhaul-carbon-pricing The UN-convened Net-Zero Asset Owner Alliance urges governments to adopt legally binding carbon prices to ensure a just and stable transition to a low-carbon economy. Alternative Investments ‘All the original VCT players are selling out and cashing in’ News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101972/amplsquoall-the-original-vct-players-are-selling-out-and-cashing-inamprsquo “It is turning into a much narrower market where scale is vitally important.” Alternative Investments Crux hit by £640m European equity fund outflow News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101976/crux-hit-by-amppound640m-european-equity-fund-outflow The asset manager’s AUM dipped by £300m last year due to heavy outflows from its European Special Situations and European strategies. Alternative Investments Marygold & Co. (UK) completes acquisition of Tiger Financial & Asset Management Limited News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101938/marygold-ampamp-co-uk-completes-acquisition-of-tiger-financial-ampamp-asset-management-limited We are hugely encouraged by the coming opportunity to leverage our highly transformative fintech capabilities within the UK financial advice market, which is ripe for change. Alternative Investments Baillie Gifford funds under management drop £7.2bn News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101939/baillie-gifford-funds-under-management-drop-amppound72bn Results to end of March 2022 Alternative Investments Sanlam: There are still sunny uplands for growth stocks News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101942/sanlam-there-are-still-sunny-uplands-for-growth-stocks Rodgers explained that the question to be posed is how far stock markets will look across the valley at the “sunnier uplands”. Alternative Investments iM Global Partner launches global equity fund with Scharf News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101943/im-global-partner-launches-global-equity-fund-with-scharf Same approach as Global Opportunity fund Alternative Investments Morningstar: European fixed income funds suffer €16.5bn net outflows in May News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101944/morningstar-european-fixed-income-funds-suffer-ampeuro165bn-net-outflows-in-may Equity funds remained in positive territory Alternative Investments Bank of London invests millions in new Belfast centre News Aggregation Team Monday, June 20, 2022 1:00 am http://europe.managersofwealth.com/article/101835/bank-of-london-invests-millions-in-new-belfast-centre The bank says it will generate around £20m of annual salaries once all 232 new roles are in place. Investment Banking Starling Bank supercharges Spending Insights tool to boost budgeting skills News Team Wednesday, June 15, 2022 1:00 am http://europe.managersofwealth.com/article/101751/starling-bank-supercharges-spending-insights-tool-to-boost-budgeting-skills The new capabilities have been launched as the nation faces a cost of living crisis. Investment Banking SocGen converts derivatives back office to FIS Cleared Derivatives Suite News Team Wednesday, June 08, 2022 1:00 am http://europe.managersofwealth.com/article/101584/socgen-converts-derivatives-back-office-to-fis-cleared-derivatives-suite As part of the agreement, the investment bank and financial services group will transition their existing derivatives clearing and settlement IT environment to FIS Cleared Derivatives Suite. Investment Banking Deutsche Bank selects Berlin as its latest Technology Centre location News Team Tuesday, June 07, 2022 1:00 am http://europe.managersofwealth.com/article/101570/deutsche-bank-selects-berlin-as-its-latest-technology-centre-location Berlin is a thriving location for technology and fintech companies, with a strong support network of academic institutions, large corporates, and innovative communities. Investment Banking Deutsche Bank Plans Multi-Strategy Push Into Private Credit News Aggregation Team Friday, June 03, 2022 1:00 am http://europe.managersofwealth.com/article/101516/deutsche-bank-plans-multi-strategy-push-into-private-credit Investments will include corporate, distressed and real estate Investment Banking JPMorgan to recruit 1,300 new advisers in next three years News Aggregation Team Wednesday, May 25, 2022 1:00 am http://europe.managersofwealth.com/article/101335/jpmorgan-to-recruit-1300-new-advisers-in-next-three-years JPMorgan’s previous plans to expand its offerings, bolster technology and compete for talent were met with criticism, according to the report Investment Banking Barclays partnership with Barrenjoey Capital Partners News Team Wednesday, May 18, 2022 1:00 am http://europe.managersofwealth.com/article/101170/barclays-partnership-with-barrenjoey-capital-partners In September 2020, Barclays invested A$45m (c.£25m) in Barrenjoey for a 9.99% economic interest and a 4.99% voting interest. Investment Banking ABN AMRO reports net profit of EUR 295 million in the first quarter News Team Wednesday, May 18, 2022 1:00 am http://europe.managersofwealth.com/article/101173/abn-amro-reports-net-profit-of-eur-295-million-in-the-first-quarter Strategic investments remained elevated at the beginning of the year, as we continued to focus on implementing our new client service model. Investment Banking Deutsche Bank looks to escape a decade of scandal and strife News Aggregation Team Tuesday, May 17, 2022 1:00 am http://europe.managersofwealth.com/article/101160/deutsche-bank-looks-to-escape-a-decade-of-scandal-and-strife For Paul Achleitner’s successor the priority will be restoring the financial health of the German lender ahead of a round of European banking mergers Investment Banking BancTrust & Co. Investment Bank Announces Launch of U.S. Broker-Dealer Affiliate News Team Monday, May 16, 2022 1:00 am http://europe.managersofwealth.com/article/101100/banctrust-ampamp-co-investment-bank-announces-launch-of-us-broker-dealer-affiliate London-based Emerging Markets Investment Bank Announces the Launch of its Broker-Dealer Affiliate in New York Investment Banking How to pick the right wealth manager for the 2020s News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101957/how-to-pick-the-right-wealth-manager-for-the-2020s Investors have never had more choice, but it can be tricky to find a good match Comment, Analysis & Research UK explores 5% pay rises for public sector workers News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101958/uk-explores-5-pay-rises-for-public-sector-workers Ministers examine more generous deals because of concern about strikes Comment, Analysis & Research Your Wealth, Your Way - Impact Reports 2021 News Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101964/your-wealth-your-way-impact-reports-2021 Impact Roadmaps highlight positive change across five tangible impact goals: Inclusion, Health and Wellbeing, Climate Change, Responsible Consumption and Sustainable Infrastructure Comment, Analysis & Research Lombard Odier PB CIO: 'A short-lived recession in 2023 is likely' News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101967/lombard-odier-pb-cio-amp039a-short-lived-recession-in-2023-is-likelyamp039 In equities, Monier prefers value stocks in the energy, financial services, industrials, materials, miners, healthcare and utility sectors. Comment, Analysis & Research 'I’m considering buying my own fund', says manager News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101968/amp039iamprsquom-considering-buying-my-own-fundamp039-says-manager Bonds have sold off this year as investors are concerned about the impact of inflation on the asset class. Comment, Analysis & Research Steve Conley: Retiring the idea of retirement News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101973/steve-conley-retiring-the-idea-of-retirement People are asking if we live to 100, will we ever really stop working? And how will this change retirement planning? Comment, Analysis & Research £300,000 gulf between HNW retirement dreams and reality News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101925/amppound300000-gulf-between-hnw-retirement-dreams-and-reality As many as 90% misjudged the level of income needed for later life Comment, Analysis & Research UK inflation rises to 9.1%, its highest rate in 40 years News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101929/uk-inflation-rises-to-91-its-highest-rate-in-40-years Headline CPI rate will add to cost of living crisis, fuelled by rises in food and transport costs Comment, Analysis & Research Half-time scores – how the investment industry is faring in 2022 News Aggregation Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101935/half-time-scores-ampndash-how-the-investment-industry-is-faring-in-2022 Severe share price slumps and outflows widespread across the asset and wealth management sector though there are a few anomalies Comment, Analysis & Research Where do markets go from here? News Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101902/where-do-markets-go-from-here For Henry, investors need to stick to the plan and look to the long-term as that is where the returns can be made. Comment, Analysis & Research HMRC criticised over £32bn ‘tax gap’ estimate News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101965/hmrc-criticised-over-amppound32bn-amplsquotax-gapamprsquo-estimate Tax experts say shortfall between expected income and actual receipts underplays true scale of fraud in 2020-21 financial year Tax Extension to deadline for new tax regime for inbound taxpayers and researchers likely News Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101978/extension-to-deadline-for-new-tax-regime-for-inbound-taxpayers-and-researchers-likely The proposed amendment would extend from 31 July 2022 (as specified in the program law) to 30 September 2022 the deadline to submit applications to participate in the regime. Tax Etsy paid just £128,000 in corporation tax in 2020 in the UK despite £160m in sales News Aggregation Team Monday, June 20, 2022 1:00 am http://europe.managersofwealth.com/article/101830/etsy-paid-just-amppound128000-in-corporation-tax-in-2020-in-the-uk-despite-amppound160m-in-sales US-based business would have been liable for almost £7m if it had booked all UK sales at Etsy UK, TaxWatch finds Tax UK/Luxembourg tax treaty signed News Aggregation Team Wednesday, June 15, 2022 1:00 am http://europe.managersofwealth.com/article/101746/ukluxembourg-tax-treaty-signed Tax treaty practice has changed significantly since then and several features of the current treaty now appear outdated. Tax What is behind HMRC’s unwillingness to estimate the offshore tax gap? News Aggregation Team Wednesday, June 15, 2022 1:00 am http://europe.managersofwealth.com/article/101747/what-is-behind-hmrcamprsquos-unwillingness-to-estimate-the-offshore-tax-gap Taxpayers also often make use of various annual allowances or exemptions – such as non-domicile status – not to disclose income Tax Luxembourg Signs New Double Tax Treaty With the UK News Team Monday, June 13, 2022 1:00 am http://europe.managersofwealth.com/article/101686/luxembourg-signs-new-double-tax-treaty-with-the-uk As expected, the main change is in relation to the taxation of Luxembourg entities with real estate investments in the UK; the taxation of these is now aligned with other jurisdictions. Tax Brits have £570bn in offshore accounts News Aggregation Team Friday, June 10, 2022 1:00 am http://europe.managersofwealth.com/article/101642/brits-have-amppound570bn-in-offshore-accounts But not-for-profit claims HMRC has no idea how much is tax evasion Tax Grant Thornton strengthens its legal area with the incorporation of three new partners News Aggregation Team Thursday, June 02, 2022 1:00 am http://europe.managersofwealth.com/article/101506/grant-thornton-strengthens-its-legal-area-with-the-incorporation-of-three-new-partners Eduardo González will lead the litigation and real estate practices Tax Treasury makes a pretty penny as NI hike comes into play and more are caught in the IHT net News Team Wednesday, May 25, 2022 1:00 am http://europe.managersofwealth.com/article/101322/treasury-makes-a-pretty-penny-as-ni-hike-comes-into-play-and-more-are-caught-in-the-iht-net This tax year, you can pass on up to £175,000 of your property tax-free, which is effectively doubled to £350,000 when combined with the allowance of your spouse or civil partner. Tax Why HMRC measures to suspend R&D cash payments and manage error and fraud matter to claimants News Team Tuesday, May 24, 2022 1:00 am http://europe.managersofwealth.com/article/101311/why-hmrc-measures-to-suspend-rampampd-cash-payments-and-manage-error-and-fraud-matter-to-claimants After the economic shock of the pandemic, and going into what increasingly threatens to be a recession, cash funding for R&D is vital. Tax Deutsche Bank installs app on bankers’ phones to track private messages News Aggregation Team Friday, June 17, 2022 1:00 am http://europe.managersofwealth.com/article/101812/deutsche-bank-installs-app-on-bankersamprsquo-phones-to-track-private-messages Movius software to monitor calls and texts following widespread regulatory probes of inappropriate contact Retail Banking Allica Bank scores £55m in debt and equity News Aggregation Team Wednesday, June 15, 2022 1:00 am http://europe.managersofwealth.com/article/101743/allica-bank-scores-amppound55m-in-debt-and-equity In addition, the lender can draw on the £30 million capital facility from British Business Investments - a wholly-owned commercial subsidiary of the British Business Bank. Retail Banking EBRD and ProCredit Bank support small businesses in Serbia News Team Friday, June 10, 2022 1:00 am http://europe.managersofwealth.com/article/101660/ebrd-and-procredit-bank-support-small-businesses-in-serbia SMEs account for the bulk of all enterprises registered in Serbia and are the engine of the country’s economic growth. Retail Banking BCI Group – Banque pour le Commerce et l’Industrie announces the acquisition of CapitalCompliance and CapitalDigital from Capital Banking Solutions News Team Tuesday, June 07, 2022 1:00 am http://europe.managersofwealth.com/article/101563/bci-group-ampndash-banque-pour-le-commerce-et-lamprsquoindustrie-announces-the-acquisition-of-capitalcompliance-and-capitaldigital-from-capital-banking-solutions Our digital solutions will allow the BCI’s customers to access their accounts, directly from home. Retail Banking Clearco continues European expansion with launch in Germany News Aggregation Team Monday, June 06, 2022 1:00 am http://europe.managersofwealth.com/article/101523/clearco-continues-european-expansion-with-launch-in-germany The lender pledges €500m to support the German economy. Retail Banking UK retail figures show unconfident shoppers still staying home News Team Friday, June 03, 2022 1:00 am http://europe.managersofwealth.com/article/101511/uk-retail-figures-show-unconfident-shoppers-still-staying-home Cost of living concerns and shift to working from home continue to hold footfall below pre-Covid levels Retail Banking Bank of Ireland completes purchase of Davy News Aggregation Team Wednesday, June 01, 2022 1:00 am http://europe.managersofwealth.com/article/101475/bank-of-ireland-completes-purchase-of-davy 25% of the enterprise value will be paid two years after completion, subject to Davy shareholders meeting a number of agreed criteria. Retail Banking Citi exploring options to sell Russia consumer business News Aggregation Team Wednesday, May 04, 2022 1:00 am http://europe.managersofwealth.com/article/100823/citi-exploring-options-to-sell-russia-consumer-business Citi has since found buyers for many of those businesses. Retail Banking Barclays Hires 18 From Credit Suisse in Prime-Brokerage Push News Aggregation Team Tuesday, May 03, 2022 1:00 am http://europe.managersofwealth.com/article/100794/barclays-hires-18-from-credit-suisse-in-prime-brokerage-push Barclays Plc has hired 18 people from Credit Suisse Group AG’s prime-brokerage unit as the British bank continues its push to expand in the business. Retail Banking Germany’s Uniper to pay for Russian gas via Russia bank account News Aggregation Team Saturday, April 30, 2022 1:00 am http://europe.managersofwealth.com/article/100764/germanyamprsquos-uniper-to-pay-for-russian-gas-via-russia-bank-account This offers some countries a loophole to keep buying Russian gas against Western currencies. Retail Banking 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 MPs to quiz FCA chief over BSPS scandal News Aggregation Team Monday, March 21, 2022 12:00 am http://europe.managersofwealth.com/article/99799/mps-to-quiz-fca-chief-over-bsps-scandal While the total loss of each steelworker is not recorded, for claims made to the FSCS the average individual loss is £82,600. Pensions Pensions industry fires back at Opperman criticism News Team Wednesday, March 16, 2022 12:00 am http://europe.managersofwealth.com/article/99678/pensions-industry-fires-back-at-opperman-criticism Opperman’s remarks went down badly with a number of the industry’s leading voices. Pensions XPS partners with Abrdn to launch DB pensions master trust News Aggregation Team Tuesday, March 08, 2022 12:00 am http://europe.managersofwealth.com/article/99435/xps-partners-with-abrdn-to-launch-db-pensions-master-trust “This new solution should really help bring governance and efficiency improvements to the benefit of thousands of pension scheme members." Pensions Pension providers call for personalised advice rules News Aggregation Team Monday, March 07, 2022 12:00 am http://europe.managersofwealth.com/article/99382/pension-providers-call-for-personalised-advice-rules “UK’s advice rules (from MiFID) prevent firms providing personalised support to customers given the liability risk," it said in its submission. Pensions Government authorises use of dormant pension assets to "change people's lives for the better" News Team Thursday, March 03, 2022 12:00 am http://europe.managersofwealth.com/article/99279/government-authorises-use-of-dormant-pension-assets-to-ampquotchange-peopleamp039s-lives-for-the-betterampquot The UK Government has now announced an expansion of the scheme, which will be expanded to cover pensions, insurance, investment and wealth management accounts. Pensions €43bn pension fund cuts external fund exposure by half in two years News Aggregation Team Friday, February 25, 2022 12:00 am http://europe.managersofwealth.com/article/99130/ampeuro43bn-pension-fund-cuts-external-fund-exposure-by-half-in-two-years Assets under external management hit lowest levels for nearly a decade, as Swedish group focuses on interal efforts. Pensions Pensions platform Guiide considers institutional funding News Aggregation Team Thursday, February 24, 2022 12:00 am http://europe.managersofwealth.com/article/99063/pensions-platform-guiide-considers-institutional-funding Primarily the new funding will be used to develop Guiide+, an extension to its free online pension modelling tools. Pensions Northern Trust Supports AMF News Team Monday, February 21, 2022 12:00 am http://europe.managersofwealth.com/article/98943/northern-trust-supports-amf The implementation of the directive demanded important changes and enhancements to pension fund providers’ business models spanning risk management, governance and member communications. Pensions Ban unregulated Sipp investments, say advisers News Aggregation Team Wednesday, February 16, 2022 12:00 am http://europe.managersofwealth.com/article/98824/ban-unregulated-sipp-investments-say-advisers ‘It’s important that a few bad apples don’t spoil the bunch’ Pensions FCA must put out 'green labels' sooner rather than later News Aggregation Team Friday, June 24, 2022 1:00 am http://europe.managersofwealth.com/article/101961/fca-must-put-out-amp039green-labelsamp039-sooner-rather-than-later Along with the sustainable investment labels, or green labels as they are also known, Kowalski said clients need to be listened to more. Planet SOS The CLIC Chronicles: Meet Néolithe: the start-up putting an end to landfill News Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101924/the-clic-chronicles-meet-nampeacuteolithe-the-start-up-putting-an-end-to-landfill The idea came from my father, our Néolithe co-founder and stonemason, who drew a parallel between 'dinosaur waste', which was fossilised over time, and human waste. Planet SOS BNP Paribas Asset Management announces results of first European ESG ETF Barometer, confirming optimistic outlook News Team Thursday, June 23, 2022 1:00 am http://europe.managersofwealth.com/article/101952/bnp-paribas-asset-management-announces-results-of-first-european-esg-etf-barometer-confirming-optimistic-outlook The European ESG ETF Barometer found that investors were particularly optimistic about the outlook for ESG ETFs Planet SOS Swiss proptechs: Are "ecosystems" just another buzzword? News Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101896/swiss-proptechs-are-ampquotecosystemsampquot-just-another-buzzword Credit Suisse publishes Swiss proptech report 2022 Planet SOS Deutsche Bank signs Net Zero Carbon Buildings Commitment and joins EP100 News Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101905/deutsche-bank-signs-net-zero-carbon-buildings-commitment-and-joins-ep100 In addition, as part of the commitment, the bank will maximise reduction of the embodied carbon emissions for owned new developments and major renovations by 2030 and compensate all residual upfront emissions. Planet SOS SEB Greentech VC acquires stake in company that measures energy data News Team Wednesday, June 22, 2022 1:00 am http://europe.managersofwealth.com/article/101908/seb-greentech-vc-acquires-stake-in-company-that-measures-energy-data SEB Greentech VC invests in green technology, focusing on transformative ideas that promise substantial impact in reducing greenhouse gas emissions or in preventing transgression of the planetary boundaries. Planet SOS Ares Management Commits Sustainability-Linked Debt Facility to EdgeConneX® News Team Tuesday, June 21, 2022 1:00 am http://europe.managersofwealth.com/article/101877/ares-management-commits-sustainability-linked-debt-facility-to-edgeconnexampreg The new debt facility provides for a commitment of up to approximately $1 billion and will be used to refinance existing indebtedness and to fund development and construction of EdgeConneX’s growing development pipeline. Planet SOS BGF appoints Apex Group for portfolio ESG Rating & Advisory News Team Tuesday, June 21, 2022 1:00 am http://europe.managersofwealth.com/article/101892/bgf-appoints-apex-group-for-portfolio-esg-rating-ampamp-advisory Apex’s ESG Health Check solution will help BGF to support its portfolio on ESG matters Planet SOS Mirova announces the acquisition of SunFunder News Team Monday, June 20, 2022 1:00 am http://europe.managersofwealth.com/article/101834/mirova-announces-the-acquisition-of-sunfunder This is a major step in Mirova's development strategy in real assets. Planet SOS 2,000 properties in York now better protected with Foss Barrier upgrade and new flood defences News Team Monday, June 20, 2022 1:00 am http://europe.managersofwealth.com/article/101844/2000-properties-in-york-now-better-protected-with-foss-barrier-upgrade-and-new-flood-defences A £38 million Environment Agency scheme to upgrade the Foss Barrier in York has been officially opened. Planet SOS UK business growth at highest since June as Covid restrictions ease News Aggregation Team Monday, February 21, 2022 12:00 am http://europe.managersofwealth.com/article/98948/uk-business-growth-at-highest-since-june-as-covid-restrictions-ease Private sector boosted by spending on travel, leisure and entertainment but staff and energy costs rise Covid-19 UK banks order staff to return to the office News Aggregation Team Friday, January 21, 2022 12:00 am http://europe.managersofwealth.com/article/98131/uk-banks-order-staff-to-return-to-the-office Unions and industry leaders have appealed for better testing for workers Covid-19 UK air travel sees huge slump in 2021 due to Covid News Aggregation Team Wednesday, December 29, 2021 12:00 am http://europe.managersofwealth.com/article/97530/uk-air-travel-sees-huge-slump-in-2021-due-to-covid UK domestic flights also fell by nearly 60%, said aviation analytics firm Cirium. Covid-19 The Cayman Islands, Spain, Portugal And Buenos Aires Are Welcoming Remote Digital Nomad Workers To Relocate News Aggregation Team Wednesday, December 29, 2021 12:00 am http://europe.managersofwealth.com/article/97535/the-cayman-islands-spain-portugal-and-buenos-aires-are-welcoming-remote-digital-nomad-workers-to-relocate Countries around the world that have been economically impacted by the virus outbreaks have opened their doors to digital nomads. Covid-19 Allica Bank joins government-backed Recovery Loan Scheme News Aggregation Team Thursday, December 23, 2021 12:00 am http://europe.managersofwealth.com/article/97440/allica-bank-joins-government-backed-recovery-loan-scheme The Recovery Loan Scheme is one of a number of government-supported measures aimed at helping businesses impacted by Covid and, under it, Allica Bank will offer asset finance, followed by commercial property finance next year. Covid-19 Fear of Omicron shutdown hits markets News Aggregation Team Tuesday, December 21, 2021 12:00 am http://europe.managersofwealth.com/article/97363/fear-of-omicron-shutdown-hits-markets Sell-off gives investors ‘harsh reality check’ Covid-19 UBS tells European dealmakers not to travel as Omicron worries mount News Aggregation Team Friday, December 03, 2021 12:00 am http://europe.managersofwealth.com/article/96925/ubs-tells-european-dealmakers-not-to-travel-as-omicron-worries-mount The Swiss bank has told staff in its global banking division in Europe not to travel for business purposes as a precautionary measure, according to people familiar with the matter. Covid-19 New Covid variant roils global markets News Aggregation Team Friday, November 26, 2021 12:00 am http://europe.managersofwealth.com/article/96702/new-covid-variant-roils-global-markets Many of these mutations are linked to increased antibody resistance Covid-19 Data show how the COVID-19 pandemic has hit all aspects of people’s well-being News Team Thursday, November 25, 2021 12:00 am http://europe.managersofwealth.com/article/96653/data-show-how-the-covid-19-pandemic-has-hit-all-aspects-of-peopleamprsquos-well-being The report says experiences of the pandemic have varied widely depending on age, gender and ethnicity, as well as on the type of job people do and on their level of pay and skills. Covid-19 G7 trade leaders gather in London amid global supply chain chaos News Aggregation Team Friday, October 22, 2021 1:00 am http://europe.managersofwealth.com/article/95695/g7-trade-leaders-gather-in-london-amid-global-supply-chain-chaos The meeting in London comes as the disruption from shipping to haulage threatens the economic recovery from Covid-19 Covid-19