Managers of Wealth - Europe http://europe.managersofwealth.com/ Mon, 17 Jan 2022 00:13:24 GMT part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Highvern announces acquisition News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97928/highvern-announces-acquisition The acquisition, completion of which is subject to regulatory approval, will expand Highvern’s offering across the Channel Islands and signals a strong commitment to and investment in the Guernsey marketplace. Wealth and Asset Management Global financial services firm seeks Asia wealth expansion News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97942/global-financial-services-firm-seeks-asia-wealth-expansion He said the focus would range from investments to credit, estate planning, succession planning, and tax planning. Wealth and Asset Management Coutts leader reveals plan to be 'best private bank in Scotland' News Aggregation Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97961/coutts-leader-reveals-plan-to-be-amp039best-private-bank-in-scotlandamp039 Adam & Co sale to be finalised in July, with clients in process of being lured to the RBS wealth management division Wealth and Asset Management Wealth Management: The digital shift News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97911/wealth-management-the-digital-shift Deloitte's recent study in conjunction with ESI ThoughtLab – Wealth and Asset Management 4.0 – show that 40% of clients now say digital access has greater importance in decision making. Wealth and Asset Management Brooks Macdonald Group Quarterly Announcement of Funds under Management News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97900/brooks-macdonald-group-quarterly-announcement-of-funds-under-management Total Group FUM at £17.3 billion (30 September 2021: £16.8 billion; 30 June 2021: £16.5 billion) Wealth and Asset Management Catching falling angels, avoiding falling knives News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97916/catching-falling-angels-avoiding-falling-knives How does our strategy capture well-suited fallen angels while avoiding potential falling knives? Wealth and Asset Management Future of Wealth Management News Aggregation Team Wednesday, January 12, 2022 12:00 am http://europe.managersofwealth.com/article/97886/future-of-wealth-management Harvesting the Power of Data and Technology Wealth and Asset Management British fund manager abrdn seeks China wealth management partner - chairman News Aggregation Team Wednesday, January 12, 2022 12:00 am http://europe.managersofwealth.com/article/97863/british-fund-manager-abrdn-seeks-china-wealth-management-partner-chairman China's wealth management market reached 27.9 trillion yuan ($4.4 trillion) as of September last year Wealth and Asset Management The 2022 Spear’s 500 is out now — and the bible of wealth management is bigger than ever News Aggregation Team Wednesday, January 12, 2022 12:00 am http://europe.managersofwealth.com/article/97884/the-2022-spearamprsquos-500-is-out-now-ampmdash-and-the-bible-of-wealth-management-is-bigger-than-ever But this year’s print guide – which you can buy here – is different in one very important respect: it includes more profiles than ever. Wealth and Asset Management Zug firm buys four German WMs in DACH consolidation plan News Aggregation Team Wednesday, January 12, 2022 12:00 am http://europe.managersofwealth.com/article/97872/zug-firm-buys-four-german-wms-in-dach-consolidation-plan As part of the changes, Gregor Korte and Jens Jüttner will also join the management of the holding company. Wealth and Asset Management AIB UK’s chief to leave after unit restructuring News Aggregation Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97941/aib-ukamprsquos-chief-to-leave-after-unit-restructuring Robert Mulhall set to move into banking technology space after leaving AIB Executive Moves UK wealth manager appoints new CEO News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97944/uk-wealth-manager-appoints-new-ceo Brown Shipley has recorded sustained growth; the firm currently counts 360 staff in eight UK offices, managing some £10 billion in client assets. Executive Moves Former BlackRock equities chief takes advisory board post News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97951/former-blackrock-equities-chief-takes-advisory-board-post Both appointments to the Hakluyt International Advisory Board are effective immediately. Executive Moves Equiom Group appoints Peter Soesbeek to lead Equiom Netherlands News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97969/equiom-group-appoints-peter-soesbeek-to-lead-equiom-netherlands Prior to joining Equiom, Peter held Directorship positions at IQ-EQ and Vistra in the Netherlands. Executive Moves PwC appoints new head of asset and wealth management News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97893/pwc-appoints-new-head-of-asset-and-wealth-management A partner at the firm since 2014, Charles has more than 20 years’ experience in financial services Executive Moves Weatherbys hires ex-Barclays man as head of investments News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97894/weatherbys-hires-ex-barclays-man-as-head-of-investments The appointment comes as the Bank reports a strong 2021, with cash deposits growing 29% last year. Executive Moves Schroders focuses on promoting talent in 2022 News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97910/schroders-focuses-on-promoting-talent-in-2022 Announcing some changes to our group-wide leadership team that promotes internal talent and enables us to better meet the evolving needs of our clients. Executive Moves WH Ireland hires wealth management head News Aggregation Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97904/wh-ireland-hires-wealth-management-head Michael Bishop to lead the next phase of development Executive Moves Global law firm appoints head of litigation and disputes, MEA and Asia News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97913/global-law-firm-appoints-head-of-litigation-and-disputes-mea-and-asia Norton Rose Fulbright has one of the largest dispute resolution practices in the world and regularly advises on some of the most complex and high-profile matters in the market. Executive Moves Invesco makes HBSC hire for UK ETF sales team News Aggregation Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97917/invesco-makes-hbsc-hire-for-uk-etf-sales-team Tom Banks will be responsible for UK Executive Moves Supervisory flexibility on the short selling indicator News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97929/supervisory-flexibility-on-the-short-selling-indicator We are putting in place temporary measures for the reporting of the short selling indicator in transaction reports while we consider changes to the UK transaction reporting regime. Legal, Regulation & Compliance MIFIDPRU Remuneration Code News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97930/mifidpru-remuneration-code The MIFIDPRU Remuneration Code (SYSC 19G) applies to MIFIDPRU Investment firms. Legal, Regulation & Compliance Financial Regulation: Daily Update News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97934/financial-regulation-daily-update The new webpage sets out how the MIFIDPRU remuneration code applies; self-assessment templates and tables; reporting requirements; and disclosure requirements. Legal, Regulation & Compliance Financial Services and Banking News News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97937/financial-services-and-banking-news The PRA will engage with firms to assess the challenges that broad structural changes, such as increased digitalisation, are bringing to the sustainability of business models. Legal, Regulation & Compliance Individual accountability and the SMCR: a portent of success for the FCA’s new Consumer Duty? News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97939/individual-accountability-and-the-smcr-a-portent-of-success-for-the-fcaamprsquos-new-consumer-duty These similarities may predict that, after a period of upheaval and significant cost, the worthy objective of establishing a higher level of consumer protection in retail financial markets and, importantly for firms and customers alike, greater consumer t Legal, Regulation & Compliance European Commission proposes directive to prevent misuse of shell entities in the EU News Aggregation Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97950/european-commission-proposes-directive-to-prevent-misuse-of-shell-entities-in-the-eu The draft directive would impose a new tax transparency obligation between tax administrations under the DAC. Legal, Regulation & Compliance Cyprus: Legislative amendments intended to prevent tax abuse published News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97952/cyprus-legislative-amendments-intended-to-prevent-tax-abuse-published The laws do not indicate the effective date of application of WHT to jurisdictions added to or removed from each updated version of the EU black list. Legal, Regulation & Compliance FSCS declares Swansea advice firm in default News Aggregation Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97956/fscs-declares-swansea-advice-firm-in-default The British Steel Pension Scheme scandal did not erupt until 2017. Legal, Regulation & Compliance Greece: New law on strategic investments enacted News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97959/greece-new-law-on-strategic-investments-enacted The law entered into force on the same day, upon its publication in the government gazette. Its key provisions are summarized below. Legal, Regulation & Compliance Spain: 2022 budget law introduces minimum corporate income tax regime News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97966/spain-2022-budget-law-introduces-minimum-corporate-income-tax-regime The minimum tax regime also applies for nonresident income tax purposes for income derived through a permanent establishment in Spain. Legal, Regulation & Compliance NatWest Markets sets up blockchain team News Aggregation Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97933/natwest-markets-sets-up-blockchain-team NatWest is to formalise its blockchain strategy with the launch of a new digital team in its capital markets business. FinTech Innovate Finance appoints three new non-executive directors News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97965/innovate-finance-appoints-three-new-non-executive-directors This follows on from the permanent appointment of CEO Janine Hirt, who took on the role of Interim CEO in May 2021 and was appointed as CEO in autumn 2021. FinTech More than half of organizations have gaps in their zero-trust implementations News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97970/more-than-half-of-organizations-have-gaps-in-their-zero-trust-implementations Organizations Struggle to Consistently Authenticate Users and Devices FinTech No Britcoin crypto: House of Lords says no to digital pound but Bank of England undeterred despite run on cash warning News Aggregation Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97907/no-britcoin-crypto-house-of-lords-says-no-to-digital-pound-but-bank-of-england-undeterred-despite-run-on-cash-warning The committee said that none of the witnesses who came before it were able to make a “convincing case” for why the UK needs a retail central bank digital currency. FinTech BBVA Switzerland expands its crypto offering with the support of Avaloq technology News Team Wednesday, January 12, 2022 12:00 am http://europe.managersofwealth.com/article/97858/bbva-switzerland-expands-its-crypto-offering-with-the-support-of-avaloq-technology A key benefit of this solution is that the crypto management system is linked with Avaloq’s banking platforms, alongside other asset classes. FinTech Millions of banking app users exposed to security flaw: HSBC, NatWest, Monzo, Santander, Starling and Virgin Money customers all affected News Aggregation Team Wednesday, January 12, 2022 12:00 am http://europe.managersofwealth.com/article/97864/millions-of-banking-app-users-exposed-to-security-flaw-hsbc-natwest-monzo-santander-starling-and-virgin-money-customers-all-affected Six banks – HSBC, NatWest, Santander, Starling, the Co-operative Bank and Virgin Money – let people choose passwords that include their first name and/or surname, the research found. FinTech IQ-EQ Selects DealCloud to Deliver Industry-Leading CRM Capabilities News Team Wednesday, January 12, 2022 12:00 am http://europe.managersofwealth.com/article/97887/iq-eq-selects-dealcloud-to-deliver-industry-leading-crm-capabilities Comprehensive Platform Will Enhance Relationship Management for Global Investor Services Group FinTech Contis adds Ecospend to banking-as-a-service platform News Aggregation Team Tuesday, January 11, 2022 12:00 am http://europe.managersofwealth.com/article/97807/contis-adds-ecospend-to-banking-as-a-service-platform As a result, Contis customers will be able to make instant payments between accounts, including holding accounts, allowing them to perform immediate withdrawals, refunds and ensure guaranteed deposits. FinTech Analytics transformation in wealth management News Aggregation Team Tuesday, January 11, 2022 12:00 am http://europe.managersofwealth.com/article/97816/analytics-transformation-in-wealth-management Modernization can be game changing when it targets the role of RMs. FinTech UK parliament launches crypto group News Aggregation Team Tuesday, January 11, 2022 12:00 am http://europe.managersofwealth.com/article/97806/uk-parliament-launches-crypto-group The UK's parliament has launched a cross-party group of MPs and Lords to cover the crypto and digital assets sector. FinTech Vanguard new clients spike by 83% after UK advice launch News Aggregation Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97931/vanguard-new-clients-spike-by-83-after-uk-advice-launch A Vanguard spokesman said: "We’ve started with an advice service designed specifically to help investors who are saving for retirement. Alternative Investments ING invests in EIT InnoEnergy News Aggregation Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97935/ing-invests-in-eit-innoenergy ING has acquired a stake in EIT InnoEnergy, an EU-backed climate and renewable energy tech investor. Alternative Investments Golding reports final closing of its secondaries fund at €280 million News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97938/golding-reports-final-closing-of-its-secondaries-fund-at-ampeuro280-million Golding’s experienced secondary market team has already completed 14 transactions, quickly building a diversified portfolio of more than 80 small and mid-cap companies, primarily in Europe. Alternative Investments Waystone increases UK offering with addition of T. Bailey Fund Services News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97948/waystone-increases-uk-offering-with-addition-of-t-bailey-fund-services By coming together with TBFS, Waystone continues to grow its ACD capabilities in the UK with the addition of a well-regarded, comprehensive and premium service provider. Alternative Investments AXA IM rebrands and realigns Global Distribution fund News Aggregation Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97955/axa-im-rebrands-and-realigns-global-distribution-fund Renamed Global Sustainable Distribution Alternative Investments Guinness AM rebrands to Guinness Global Investors News Aggregation Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97960/guinness-am-rebrands-to-guinness-global-investors New identity, website and logo Alternative Investments JO Hambro re-opens UK equity funds due to positive outlook News Aggregation Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97962/jo-hambro-re-opens-uk-equity-funds-due-to-positive-outlook “With undemanding valuations, increasing M&A activity and a positive macro backdrop, our fund management teams are very positive,” he added. Alternative Investments The Hunters’ Tails: A duck, a bill and a platypus… News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97964/the-huntersamprsquo-tails-a-duck-a-bill-and-a-platypusamphellip UK smaller companies have usually outperformed in inflationary periods. Alternative Investments Regime shift in developed-market sovereign bonds News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97968/regime-shift-in-developed-market-sovereign-bonds On the inflation side, there was further evidence that supply-side bottlenecks are proving more persistent than was expected earlier in the year. Alternative Investments Man Group launches Capital Asset Solutions Initiative News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97924/man-group-launches-capital-asset-solutions-initiative The new initiative will be led by senior hires Dan Robinson and Stephan Muecke. Alternative Investments M&A outlook strong as investment banks complete merger News Aggregation Team Wednesday, December 29, 2021 12:00 am http://europe.managersofwealth.com/article/97537/mampampa-outlook-strong-as-investment-banks-complete-merger Looking ahead at the M&A market, Adams said there has been positive momentum with tech being the big beneficiary. Investment Banking UniCredit S p A : EIF and UniCredit to provide €1 billion for SMEs in Bulgaria, Slovakia, Slovenia and Croatia News Team Wednesday, December 29, 2021 12:00 am http://europe.managersofwealth.com/article/97543/unicredit-s-p-a-eif-and-unicredit-to-provide-ampeuro1-billion-for-smes-in-bulgaria-slovakia-slovenia-and-croatia The loans will be available to SMEs operating in the sectors of economy hardest hit by the pandemic and accelerate the recovery of national economies. Investment Banking Princess Maria Laura of Belgium set to wed British investment banker News Aggregation Team Tuesday, December 28, 2021 12:00 am http://europe.managersofwealth.com/article/97512/princess-maria-laura-of-belgium-set-to-wed-british-investment-banker Royal, 33, who lives in London, sported a black floral dress as she showed off a dazzling ring in engagement photos which have been released by the Palace Investment Banking Russia-based Sinara Investment Bank becomes member of ISDA News Aggregation Team Friday, December 24, 2021 12:00 am http://europe.managersofwealth.com/article/97476/russia-based-sinara-investment-bank-becomes-member-of-isda ISDA membership will allow Sinara to further expand its relationship with international banks and partners, as well as to build risk management tools in line with the current market trends. Investment Banking BNP Paribas lays down markers of its investment banking ambitions News Aggregation Team Wednesday, December 22, 2021 12:00 am http://europe.managersofwealth.com/article/97431/bnp-paribas-lays-down-markers-of-its-investment-banking-ambitions Long in the shadow of rivals, the French bank is trying to lure dealmakers and expand in equities Investment Banking Banks halt Brexit relocations as European hiring seen ‘rapidly’ ramping up next year News Aggregation Team Monday, December 20, 2021 12:00 am http://europe.managersofwealth.com/article/97358/banks-halt-brexit-relocations-as-european-hiring-seen-amplsquorapidlyamprsquo-ramping-up-next-year There were 5,000 new Brexit-linked financial services hires since the 2016 referendum, 2,800 of which were on the Continent Investment Banking Deutsche Bank and Barclays bonuses - good but not great News Aggregation Team Friday, December 17, 2021 12:00 am http://europe.managersofwealth.com/article/97311/deutsche-bank-and-barclays-bonuses-good-but-not-great At Deutsche, there is apparently "discussion" of a 20% increase for people in the investment banking division, although "a more muted increase" is also under consideration. Investment Banking EBRD extends € 5 million to Bank for Business in Kosovo News Team Friday, December 10, 2021 12:00 am http://europe.managersofwealth.com/article/97084/ebrd-extends-ampeuro-5-million-to-bank-for-business-in-kosovo The aim is to encourage SMEs to invest in upgrades in three key areas: environmental protection, health and safety, and product quality. At least 60 per cent of all loans will support energy-saving investments. Investment Banking EBRD lends RSD 2.3 billion to OTP Banka Serbia News Aggregation Team Wednesday, December 08, 2021 12:00 am http://europe.managersofwealth.com/article/97004/ebrd-lends-rsd-23-billion-to-otp-banka-serbia The credit line will bolster lending to private businesses in the form of working capital lines and investment loans, in particular, to SMEs operating in economically less-developed areas of the country. Investment Banking Woori Bank opens Hungary office News Aggregation Team Wednesday, December 08, 2021 12:00 am http://europe.managersofwealth.com/article/97024/woori-bank-opens-hungary-office Woori’s latest move marks the second establishment of a representative office in the central European nation by a Korean commercial lender. Investment Banking Brighter outlook after the fourth wave News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97943/brighter-outlook-after-the-fourth-wave The potential for a recovery later in 2022 remains and we see overall GDP growth at around 4.5% for the advanced economies and slightly faster than that in the emerging economies. Comment, Analysis & Research EFG’s 2022 perspectives: Global growth set to continue, inflation to be transitory News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97945/efgamprsquos-2022-perspectives-global-growth-set-to-continue-inflation-to-be-transitory Inflation will be the main concern for central banks when setting their monetary policy in the coming year. Comment, Analysis & Research UK economy returns to pre-pandemic heights News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97946/uk-economy-returns-to-pre-pandemic-heights The economy now stands 0.7% larger than in February 2020, thanks to an upward revision in the growth rate in October. Comment, Analysis & Research Blue Monday: Quilter offers free mental wellbeing talks to help advisers beat the blues News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97947/blue-monday-quilter-offers-free-mental-wellbeing-talks-to-help-advisers-beat-the-blues The pandemic has been an extremely challenging time for everyone, and not least for financial advisers, who have had to cope with increased demands and workloads, while assisting clients as they too navigated the difficult circumstances. Comment, Analysis & Research The rise and rise of private equity News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97953/the-rise-and-rise-of-private-equity The sector has clearly demonstrated resilience to the effects of the pandemic, and so will this upward trajectory continue in 2022? Comment, Analysis & Research Four multi-asset perspectives on inflation News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97971/four-multi-asset-perspectives-on-inflation We also provide a summary of our investment research – a hallmark of our investment practice, as we often integrate findings into our management of portfolios. Comment, Analysis & Research Pandemic to endemic; living with infection, inflation and higher rates News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97890/pandemic-to-endemic-living-with-infection-inflation-and-higher-rates As a result, the new strain may do little more than slow, rather than stall further economic growth, as markets focus on high inflation and the end of central banks’ asset purchases. Comment, Analysis & Research Brits saved £4bn due to Omicron fears ahead of looming cost of living crisis News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97891/brits-saved-amppound4bn-due-to-omicron-fears-ahead-of-looming-cost-of-living-crisis 1% of people cancelled bigger plans over Christmas, resulting in savings of over £1,000. Comment, Analysis & Research Central Banks, Not Covid, Will Drive Global Economies in 2022 News Aggregation Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97898/central-banks-not-covid-will-drive-global-economies-in-2022 From 2023 onward, most agree, growth will return to its long-term norm of around 3.5%, as if Covid never happened. Comment, Analysis & Research Global M&A Insights: Technology deals dominate in 2021 News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97899/global-mampampa-insights-technology-deals-dominate-in-2021 We also look into the reasons behind record capital raising by technology companies, the considerations required for AI due diligence and talent retention in technology acquisitions, and the global trend for growing government intervention on sensitive tr Comment, Analysis & Research UK consults on proposed global minimum tax for multinationals News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97940/uk-consults-on-proposed-global-minimum-tax-for-multinationals The government’s consultation seeks views on the proposed tax - which will be operated on a country-by-country basis - and its application in the UK, including who the rules apply to, transitional rules and how firms within scope should report and p Tax France: 2022 finance law enacted News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97954/france-2022-finance-law-enacted According to French accounting rules, an enterprise’s goodwill (fonds commercial) is deemed to be a non-depreciable asset unless the enterprise can justify a foreseeable period of use. Tax France: ATAD 2: Final administrative guidelines published News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97957/france-atad-2-final-administrative-guidelines-published This article summarizes the key points raised by the guidelines Tax Double tax whammy risk for big pension withdrawals News Aggregation Team Tuesday, January 11, 2022 12:00 am http://europe.managersofwealth.com/article/97839/double-tax-whammy-risk-for-big-pension-withdrawals As 61% of retirees accessed their pots without financial advice Tax EU publishes minimum corporate tax rate directive News Team Tuesday, January 11, 2022 12:00 am http://europe.managersofwealth.com/article/97856/eu-publishes-minimum-corporate-tax-rate-directive Countries signing up to the OECD deal are not obliged to introduce the pillar two rules, but if they do so, they must follow the approach taken in the OECD model rules. Tax Britons warned about tax 'sinkhole' that could leave you paying thousands more News Aggregation Team Thursday, December 30, 2021 12:00 am http://europe.managersofwealth.com/article/97570/britons-warned-about-tax-amp039sinkholeamp039-that-could-leave-you-paying-thousands-more THOUSANDS of people are falling into a little-known tax ‘sinkhole' that could leave people paying more tax than they need to. Tax Just Group FOI request reveals regions where high house prices cause the biggest IHT headaches News Aggregation Team Tuesday, December 28, 2021 12:00 am http://europe.managersofwealth.com/article/97521/just-group-foi-request-reveals-regions-where-high-house-prices-cause-the-biggest-iht-headaches Comparing the latest HMRC figures (for 2018/19) to the number of deaths recorded in each region that year suggests Inheritance Tax is due on about one in every 30 deaths (3.5%) in the UK. Tax French Budget targets trusts in low tax jurisdictions News Aggregation Team Thursday, December 23, 2021 12:00 am http://europe.managersofwealth.com/article/97447/french-budget-targets-trusts-in-low-tax-jurisdictions It introduces an automatic presumption that the required 10% stake in the investment holding settlement is attained in order to tax its income and gains on a look-through basis. Tax Main tax proposals in the new Dutch coalition agreement News Team Thursday, December 23, 2021 12:00 am http://europe.managersofwealth.com/article/97450/main-tax-proposals-in-the-new-dutch-coalition-agreement This article summarises the most important tax proposals relevant to corporate taxpayers and property investors. Tax Global minimum tax rate: OECD publishes detailed rules News Team Wednesday, December 22, 2021 12:00 am http://europe.managersofwealth.com/article/97417/global-minimum-tax-rate-oecd-publishes-detailed-rules Countries are not obliged to introduce pillar two into their own domestic laws. Tax Allica Bank joins the APPG for Challenger Banks and Building Societies News Team Tuesday, January 11, 2022 12:00 am http://europe.managersofwealth.com/article/97813/allica-bank-joins-the-appg-for-challenger-banks-and-building-societies Allica Bank is one of the UK’s top fintechs dedicated to serving SME businesses, with a focus on reimagining relationship banking for SMEs, by combining modern, powerful technology with local relationships in the community. Retail Banking Italy's Pop Sondrio to explore all options after shedding mutual status News Aggregation Team Thursday, December 30, 2021 12:00 am http://europe.managersofwealth.com/article/97565/italyamp039s-pop-sondrio-to-explore-all-options-after-shedding-mutual-status Under Italian rules, the mutual status gives shareholders one vote each regardless of the size of their stake, diminishing the appeal of stakebuilding. Retail Banking Santander races to claw back £130million after Christmas Day blunder News Aggregation Team Thursday, December 30, 2021 12:00 am http://europe.managersofwealth.com/article/97568/santander-races-to-claw-back-amppound130million-after-christmas-day-blunder The bank accidently made double payments to 75,000 businesses and individuals from its own reserves and is working to get it back. Retail Banking Staff at BNP’s Italian bank stage first strike since 1990s News Aggregation Team Wednesday, December 29, 2021 12:00 am http://europe.managersofwealth.com/article/97542/staff-at-bnpamprsquos-italian-bank-stage-first-strike-since-1990s BNL said that 29.8 per cent of its employees joined the strike. Retail Banking Alpha Bank agrees sale of bad loan portfolio to Hoist Finance News Aggregation Team Wednesday, December 29, 2021 12:00 am http://europe.managersofwealth.com/article/97544/alpha-bank-agrees-sale-of-bad-loan-portfolio-to-hoist-finance Greek banks have been working to reduce a pile of about 30 billion euros in bad loans, the legacy of a decade-long financial crisis which shrank Greece's output by a quarter. Retail Banking UK bank branch numbers have almost halved since 2015, analysis finds News Aggregation Team Tuesday, December 28, 2021 12:00 am http://europe.managersofwealth.com/article/97504/uk-bank-branch-numbers-have-almost-halved-since-2015-analysis-finds 4,735 branches have shut or been earmarked for closure in last six years according to consumer group Which? Retail Banking UK lender allows homebuyers to borrow seven times salary News Aggregation Team Tuesday, December 28, 2021 12:00 am http://europe.managersofwealth.com/article/97506/uk-lender-allows-homebuyers-to-borrow-seven-times-salary Habito’s mortgage terms could revive wider concerns over responsible lending practices Retail Banking ING to exit retail banking in France News Team Wednesday, December 22, 2021 12:00 am http://europe.managersofwealth.com/article/97410/ing-to-exit-retail-banking-in-france ING is currently exploring the feasibility of an agreement for its client portfolio with third parties. Retail Banking BNP Paribas reached an agreement with BMO for the sale of Bank of the West News Team Wednesday, December 22, 2021 12:00 am http://europe.managersofwealth.com/article/97413/bnp-paribas-reached-an-agreement-with-bmo-for-the-sale-of-bank-of-the-west The Transaction is expected to formally close during the course of 2022, upon customary condition precedents Retail Banking Irish retail banks subject to most restrictive variable pay conditions in EU News Aggregation Team Monday, December 20, 2021 12:00 am http://europe.managersofwealth.com/article/97319/irish-retail-banks-subject-to-most-restrictive-variable-pay-conditions-in-eu Bank staff disadvantaged compared with those working in global big tech and fintech Retail Banking ZEDRA bolsters Pension Services offering with acquisition News Team Wednesday, January 12, 2022 12:00 am http://europe.managersofwealth.com/article/97850/zedra-bolsters-pension-services-offering-with-acquisition ZEDRA’s Pension Services now consists of five offices in London, Reading, Leeds, Birmingham and St Albans and increases headcount to 70 dedicated Pensions experts and support staff. Pensions Moret: Is it time to kill off the Sipp? News Aggregation Team Wednesday, December 29, 2021 12:00 am http://europe.managersofwealth.com/article/97554/moret-is-it-time-to-kill-off-the-sipp Moret said these proposals represented a “strange outcome” given that Sipps were created to do the opposite - offer investors greater investment choice. Pensions FCA statement on British Steel Pension Scheme Redress News Team Thursday, December 23, 2021 12:00 am http://europe.managersofwealth.com/article/97436/fca-statement-on-british-steel-pension-scheme-redress The FCA has warned it will take such action as it deems necessary if a firm attempts to avoid redress liabilities. Pensions Quilter asks MPs to tweak pension age rules News Team Thursday, December 23, 2021 12:00 am http://europe.managersofwealth.com/article/97460/quilter-asks-mps-to-tweak-pension-age-rules A block transfer is where at least two members of a scheme transfer at the same time in the same transaction to another registered pension scheme. Pensions FCA pension data shows 43% withdrawing at unsustainable 8% rate News Team Friday, December 10, 2021 12:00 am http://europe.managersofwealth.com/article/97082/fca-pension-data-shows-43-withdrawing-at-unsustainable-8-rate This is where the recent stronger nudge to pension guidance could make significant headway, but consumer awareness of pensions needs to improve to help make it a success and ensure decisions are properly researched and not taken on a whim. Pensions FCA, TPR and MoneyHelper joint statement on Old British Steel Pension Scheme News Team Tuesday, December 07, 2021 12:00 am http://europe.managersofwealth.com/article/96965/fca-tpr-and-moneyhelper-joint-statement-on-old-british-steel-pension-scheme The FCA, TPR and MoneyHelper believe transferring out of a DB pension scheme is unlikely to be in the best interests of most consumers. Pensions EBRD and Amundi ACBA Asset Management sign Derivatives Master Agreement News Team Friday, December 03, 2021 12:00 am http://europe.managersofwealth.com/article/96906/ebrd-and-amundi-acba-asset-management-sign-derivatives-master-agreement The currency swaps will enable Amundi ACBA to hedge its funds against currency risk whilst making long-term hard currency denominated investments abroad, and provide the EBRD with further access to on-shore local currency funding in Armenian Dram for on-l Pensions The stronger nudge to pensions guidance: feedback on CP21/11 and final rules and guidance News Team Thursday, December 02, 2021 12:00 am http://europe.managersofwealth.com/article/96855/the-stronger-nudge-to-pensions-guidance-feedback-on-cp2111-and-final-rules-and-guidance We have published our final rules and guidance for firms on the stronger nudge to Pension Wise guidance. Pensions 10 consumers plan to consolidate pensions News Team Wednesday, December 01, 2021 12:00 am http://europe.managersofwealth.com/article/96826/10-consumers-plan-to-consolidate-pensions In recent years a number of new pension providers have launched with a particular focus on consolidation and simplifying pension transfers, including PensionBee, Penfold and others. Pensions Consultation on enabling investment in productive finance News Team Wednesday, December 01, 2021 12:00 am http://europe.managersofwealth.com/article/96819/consultation-on-enabling-investment-in-productive-finance This is to inform future policy to help ensure DC schemes are able to access a broader range of illiquid asset classes that have the potential to result in positive outcomes for members. Pensions FSL Collaboration With EnlightenESG News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97949/fsl-collaboration-with-enlightenesg EnlightenESG identifies relevant areas of focus within ESG investing. Planet SOS Utmost Group becomes a signatory to the UN-supported Principles of Responsible Investment News Team Friday, January 14, 2022 12:00 am http://europe.managersofwealth.com/article/97963/utmost-group-becomes-a-signatory-to-the-un-supported-principles-of-responsible-investment Responsible investing is one of the four pillars of Utmost Group’s sustainability strategy, in which the Group has committed to increase the proportion of its investments in sustainable assets. Planet SOS Carey Olsen advises on the launch of Gresham House British Sustainable Infrastructure Fund II News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97906/carey-olsen-advises-on-the-launch-of-gresham-house-british-sustainable-infrastructure-fund-ii The overall investment approach and anticipated outcomes aim to be well aligned to the United Nations' Sustainable Development Goals. Planet SOS Record 430 Unlisted Natural Resources Funds in Market in Q4 2021 News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97908/record-430-unlisted-natural-resources-funds-in-market-in-q4-2021 Asset Class Rebounded Strongly from 2020 and is Building Momentum Planet SOS EBRD green finance in 2021 hits record 51 per cent of €10.4 billion total News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97909/ebrd-green-finance-in-2021-hits-record-51-per-cent-of-ampeuro104-billion-total The 2021 green results, a significant increase on the 29 per cent share of total financing in 2020, fall under the EBRD’s Green Economy Transition (GET) approach. Planet SOS Colonial and its Subsidiary SFL Aim to Requalify All of Their Outstanding Bonds Into Green Bonds News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97914/colonial-and-its-subsidiary-sfl-aim-to-requalify-all-of-their-outstanding-bonds-into-green-bonds Green bonds constitute an alternative to corporate debt raising in an environment in which the awareness of companies on sustainability issues is becoming ever more relevant. Planet SOS Government taken to court over inadequate climate strategies News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97925/government-taken-to-court-over-inadequate-climate-strategies Friends of the Earth says the government's "shocking" and "lacklustre" commitments are not enough to deliver a low carbon future Planet SOS Activists behind Shell climate verdict target 30 multinationals News Aggregation Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97927/activists-behind-shell-climate-verdict-target-30-multinationals The heads of the companies were being sent letters demanding that they provide plans outlining how they will trim emissions of the heat-trapping gases by 45% from 2019 levels by 2030. Planet SOS ESG: Sustainability Preferences, Risk and Factors News Team Thursday, January 13, 2022 12:00 am http://europe.managersofwealth.com/article/97926/esg-sustainability-preferences-risk-and-factors The investment firm shall explain to the client or potential clients the reasons for not doing so and keep records of those reasons. Planet SOS UAE, UK to explore clean hydrogen opportunities through new partnership News Aggregation Team Wednesday, January 12, 2022 12:00 am http://europe.managersofwealth.com/article/97862/uae-uk-to-explore-clean-hydrogen-opportunities-through-new-partnership “This report will align with the WGEO’s objective to enable and implement bankable and sustainable green projects and programmes by linking technology, capacity-building and finance.” Planet SOS 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 New operation to protect next generation EU recovery funds News Team Tuesday, October 19, 2021 1:00 am http://europe.managersofwealth.com/article/95576/new-operation-to-protect-next-generation-eu-recovery-funds Launched at Europol, Operation Sentinel will contribute to a concerted response to an expected fraud wave Covid-19 Three steps the UK must take to keep international travel open News Aggregation Team Tuesday, October 12, 2021 1:00 am http://europe.managersofwealth.com/article/95354/three-steps-the-uk-must-take-to-keep-international-travel-open Tony Blair Institute calls for widespread recognition of WHO-approved vaccines and alignment with international best practice Covid-19