Managers of Wealth - Europe http://europe.managersofwealth.com/ Mon, 27 Mar 2023 16:50:05 BST part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Finma Chair Accuses Credit Suisse of Lacking Cooperation News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108037/finma-chair-accuses-credit-suisse-of-lacking-cooperation While the regulator intervened with the bank very early on and initiated numerous procedures, Credit Suisse cooperated poorly and refused to draw the necessary consequences. Wealth and Asset Management Serge Fehr is Making Credit Suisse Nervous. Again. News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108038/serge-fehr-is-making-credit-suisse-nervous-again That Lombard Odier refrained from its customary pre-announcement of a designated partner is an indication of the nervousness accompanying the personnel change, and all the more remarkable since Fehr's departure from Credit Suisse has been known for s Wealth and Asset Management St James’s Place set for UAE licence News Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108040/st-jamesamprsquos-place-set-for-uae-licence Firm has received in-principle approval to open an office in the Dubai International Financial Centre Wealth and Asset Management SEI Extends Relationship with Evelyn Partners News Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108041/sei-extends-relationship-with-evelyn-partners Five-Year Extension Reflects Strength and Longevity of Strategic Partnership Wealth and Asset Management Jefferies downgrades UBS despite ‘compelling’ CS deal maths News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108043/jefferies-downgrades-ubs-despite-amplsquocompellingamprsquo-cs-deal-maths Analysts have downgraded UBS from ‘buy’ to ‘hold’, saying the acquisition of Credit Suisse throws up considerable short-term integration risks, but looks ‘attractive’ on a three-year view. Wealth and Asset Management Top 50 IAM merges with fiduciary services firm News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108044/top-50-iam-merges-with-fiduciary-services-firm Swisspartners Group expands its fiduciary business in Switzerland by fusing with NRS Treuhand. Wealth and Asset Management Is the future of the wealth management industry here? News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108047/is-the-future-of-the-wealth-management-industry-here Then almost exactly three years ago, when the government put the United Kingdom into lockdown in the wake of the coronavirus pandemic the future was brought forward. Wealth and Asset Management Former chief regulator slams Credit Suisse regulation - reports News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108048/former-chief-regulator-slams-credit-suisse-regulation-reports The bank's shareholders were deprived a of a vote on the takeover, and received one share in UBS for every 22.48 shares they owned. Wealth and Asset Management Rahim Daya: «Clients aren’t asking questions about Switzerland» News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108052/rahim-daya-amplaquoclients-arenamprsquot-asking-questions-about-switzerlandampraquo He gives us insight into how his clients feel about the failure of Switzerland’s second-largest bank. Wealth and Asset Management Reaction: BoE’s next move divides investors after ‘forced’ hike News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/107998/reaction-boeamprsquos-next-move-divides-investors-after-amplsquoforcedamprsquo-hike Wealth managers dissect the Bank of England's quarter percent interest rate rise and disagree on how close we are to the end of the hiking cycle. Wealth and Asset Management Mark McKay joins A&M Taxand as Managing Director News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108036/mark-mckay-joins-aampampm-taxand-as-managing-director As Managing Director in London, he will help A&M Taxand expand its indirect tax practice, as businesses look to reduce costs during a period of sustained inflation. Executive Moves Changes on the Group Executive Management of VP Bank Group News Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108039/changes-on-the-group-executive-management-of-vp-bank-group The appointment of Dr Mara Harvey and Dr Rolf Steiner is subject to the approval by the Liechtenstein Financial Market Authority (FMA). Executive Moves Ex-Curtis Banks CEO joins acquisition firm News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108057/ex-curtis-banks-ceo-joins-acquisition-firm The London Stock Exchange listed firm is led by chairman Mark Hodges who was previously CEO of ReAssure. Executive Moves FCA appoints executive directors to co-lead Enforcement and Market Oversight News Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/107997/fca-appoints-executive-directors-to-co-lead-enforcement-and-market-oversight Together they bring a highly complementary skillset, with Therese’s extensive regulatory, supervisory and legal experience combined with Steve’s criminal enforcement, investigatory, intelligence and security experience. Executive Moves Tata Consultancy Services appoints CEO News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108000/tata-consultancy-services-appoints-ceo He will continue with the company until the 15th of September 2023, to help support to his successor – K Krithivasan – transition into the dual Managing Director and CEO role. Executive Moves Citigroup appoints co-heads of European M&A team News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108004/citigroup-appoints-co-heads-of-european-mampampa-team Earlier in his career, he also served as a managing director at Goldman Sachs Group Inc. Executive Moves Industry veteran Phil Young joins MWA Financial's board News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108006/industry-veteran-phil-young-joins-mwa-financialamp039s-board Exclusive: MWA Financial has appointed ex-Threesixty boss Phil Young as a non-executive director. Executive Moves Artemis taps Columbia Threadneedle for global equities portfolio manager News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108011/artemis-taps-columbia-threadneedle-for-global-equities-portfolio-manager Natasha Ebtehadj joins Executive Moves Liontrust non-executive duo step down from board News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108012/liontrust-non-executive-duo-step-down-from-board Emma Howard Boyd and Quintin Price are stepping down from the fund firm's board with immediate effect. Executive Moves Odey Wealth director retires after decade with firm News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108014/odey-wealth-director-retires-after-decade-with-firm Wealth Manager understands investment director Richard Neville-Rolfe will continue to work for the business in a consultancy capacity. Executive Moves HMRC publishes simplified VAT guidance for overseas sellers News Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108032/hmrc-publishes-simplified-vat-guidance-for-overseas-sellers HMRC has published new simplified VAT guidance for overseas sellers sending goods to the UK. Legal, Regulation & Compliance L&G chief says UK levelling up policy is ‘failing’ News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108035/lampampg-chief-says-uk-levelling-up-policy-is-amplsquofailingamprsquo Sir Nigel Wilson is pushing for policy change to encourage investment outside the capital Legal, Regulation & Compliance Financial planning company fails News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108045/financial-planning-company-fails This is the second Ascot Lloyd-linked firm to be declared in default in as many months Legal, Regulation & Compliance It’s not the plane, it’s the pilot - speech by Shoib Khan News Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108049/itamprsquos-not-the-plane-itamprsquos-the-pilot-speech-by-shoib-khan Given at Westminster Business Forum policy conference Legal, Regulation & Compliance UK unveils LTA protection changes in Finance Bill News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108054/uk-unveils-lta-protection-changes-in-finance-bill AJ Bell says ‘devil is in the detail’ Legal, Regulation & Compliance Firms warned over diversity vagueness amid FCA clamp down News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108058/firms-warned-over-diversity-vagueness-amid-fca-clamp-down Deadline for first reporting on progress is next month Legal, Regulation & Compliance Two West Midlands firms declared in default by the FSCS News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108059/two-west-midlands-firms-declared-in-default-by-the-fscs Osborn Wealth Management and Newell Palmer Group Legal, Regulation & Compliance Govt repays £300mn in state pension underpayments News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108005/govt-repays-amppound300mn-in-state-pension-underpayments This is an update on figures issued in November which showed 31,817 underpayments were identified and £209.3mn returned. Legal, Regulation & Compliance Scottish case confirms legal proceedings exemption as possible defence for GDPR claims News Team Thursday, March 23, 2023 12:00 am http://europe.managersofwealth.com/article/107976/scottish-case-confirms-legal-proceedings-exemption-as-possible-defence-for-gdpr-claims The claim was dismissed by the court, as the claimant’s allegations against the employer were found to be “lacking in specification” and “irrelevant”. Legal, Regulation & Compliance FINMA provides information about the basis for writing down AT1 capital instruments News Team Thursday, March 23, 2023 12:00 am http://europe.managersofwealth.com/article/107978/finma-provides-information-about-the-basis-for-writing-down-at1-capital-instruments Due to numerous enquiries about Credit Suisse’s capital instruments, so-called AT1 bonds, FINMA is providing information about the basis for writing down these instruments. Legal, Regulation & Compliance 18 French soonicorns to watch News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108031/18-french-soonicorns-to-watch Following a record year for French tech, these are the companies that could be on their way to unicorn status FinTech Bitpanda joins Visa Partner Connect programme News Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/107995/bitpanda-joins-visa-partner-connect-programme Next to this partnership Bitpanda Technology Solutions will begin expanding their investment infrastructure outside of Europe. FinTech Atlas Responsible Investors Optimizes Tech with Broadridge’s Portfolio and Order Management Solution News Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108015/atlas-responsible-investors-optimizes-tech-with-broadridgeamprsquos-portfolio-and-order-management-solution Enables Atlas to gain investment management operational efficiencies and better manage risk FinTech Resolutions for Women in Tech News Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108021/resolutions-for-women-in-tech Far easier than giving up chocolate or alcohol, make constructive goals for yourself and your career, so that 2023 can become your year. FinTech Announcement: Crypto Finance and Apex Group Collaborate for Crypto Investment Solutions News Team Thursday, March 23, 2023 12:00 am http://europe.managersofwealth.com/article/107984/announcement-crypto-finance-and-apex-group-collaborate-for-crypto-investment-solutions Crypto Finance will provide Apex Group with an institutional-grade infrastructure in the digital assets markets, starting with an issuance program for structured products backed by digital assets. FinTech Terminated or turbocharged? Analysing AI’s potential impact on jobs, industries and growth News Team Wednesday, March 22, 2023 12:00 am http://europe.managersofwealth.com/article/107953/terminated-or-turbocharged-analysing-aiamprsquos-potential-impact-on-jobs-industries-and-growth Ubiquitous smartphones, internet communication and small, fast computer chips, as well as the proliferation of cameras and sensors, is another tailwind for AI applications. FinTech London’s lead in tech is at risk, warn start-ups News Aggregation Team Tuesday, March 21, 2023 12:00 am http://europe.managersofwealth.com/article/107911/londonamprsquos-lead-in-tech-is-at-risk-warn-start-ups Founders say government must back pledges with policy as rival cities become more of a ‘competitive threat’ FinTech NatWest limits crypto payments News Aggregation Team Monday, March 20, 2023 12:00 am http://europe.managersofwealth.com/article/107882/natwest-limits-crypto-payments These websites let customers buy, sell or exchange cryptocurrencies for other digital currency or traditional currency. FinTech FCA: Robo-advice does not mean the end of human advice News Aggregation Team Monday, March 20, 2023 12:00 am http://europe.managersofwealth.com/article/107899/fca-robo-advice-does-not-mean-the-end-of-human-advice Croxson said the area offers huge potential and could go a long way in helping to extend the benefits of financial advice. FinTech Fundpath takes on fuel with £4m late seed funding round News Team Friday, March 17, 2023 12:00 am http://europe.managersofwealth.com/article/107862/fundpath-takes-on-fuel-with-amppound4m-late-seed-funding-round The £4m investment round will enable Fundpath to extend the breadth and depth of its systems and data, and to invest in new technologies. FinTech Baillie Gifford: We’ve got the right resources to do private equity for Scottish Mortgage News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108046/baillie-gifford-weamprsquove-got-the-right-resources-to-do-private-equity-for-scottish-mortgage Stewart Heggie, Baillie Gifford's commercial director for Scottish Mortgage, refutes the accusation from the trust's boardroom rebel, Amar Bhidé, that the fund manager lacks the resources to invest in unquoted companies. Alternative Investments Climate fintech HeavyFinance raises €3m seed News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108050/climate-fintech-heavyfinance-raises-ampeuro3m-seed With almost a third of global greenhouse emissions coming from agricultural products, HeavyFinance is hoping to revolutionise agricultural financing. Alternative Investments UK's BII commits €20mln to Africa-focussed urban resilience fund News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108001/ukamp039s-bii-commits-ampeuro20mln-to-africa-focussed-urban-resilience-fund TURF will invest sustainable public infrastructure projects in sub-Saharan Africa Alternative Investments DFM Marlborough launches adviser platform with Seccl News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108007/dfm-marlborough-launches-adviser-platform-with-seccl Exclusive: Marlborough becomes the latest investment manager to launch its own white-label platform. Alternative Investments Trian Investors 1 eyes voluntary wind-up News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108010/trian-investors-1-eyes-voluntary-wind-up Extraordinary general meeting Alternative Investments Let’s have easier fund access rights for UK managers in Europe News Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108023/letamprsquos-have-easier-fund-access-rights-for-uk-managers-in-europe Melville Rodrigues, Head of Real Estate Advisory at Apex Group writes for IPE Real Assets, calling for a solution that will plug the fund access gap for UK asset managers wishing to access EEA investors. Alternative Investments L&G partners with Consumer Duty Alliance to promote good practice News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108024/lampampg-partners-with-consumer-duty-alliance-to-promote-good-practice “With four months to go before the consumer duty comes into force, the launch of the CDA is an incredibly timely initiative. Alternative Investments Drop in pensioner incomes reiterates need to save for retirement News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108027/drop-in-pensioner-incomes-reiterates-need-to-save-for-retirement Even in a year when the triple lock was in force, the state pension took a real hit of about 1.5 per cent. Alternative Investments Heidrick & Struggles acquires purpose consultancy businessfourzero News Aggregation Team Thursday, March 23, 2023 12:00 am http://europe.managersofwealth.com/article/107971/heidrick-ampamp-struggles-acquires-purpose-consultancy-businessfourzero Headquartered in London, businessfourzero is a consultancy tapping into this trend, by specialising in developing and implementing purpose-driven change. Alternative Investments AA-rated PM to run new Morgan Stanley IM bond strategies News Aggregation Team Thursday, March 23, 2023 12:00 am http://europe.managersofwealth.com/article/107987/aa-rated-pm-to-run-new-morgan-stanley-im-bond-strategies Asset manager launches pair of funds designed to meet growing demand from European investors for flexible credit strategies Alternative Investments Meet the Twenty Most Influential in Investment Banking News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108033/meet-the-twenty-most-influential-in-investment-banking Bankers from Citi, Goldman Sachs, JPMorgan, BNP Paribas and UBS are included. Find out who made the cut Investment Banking As banking sector confidence falters, central banks called on to do more News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108034/as-banking-sector-confidence-falters-central-banks-called-on-to-do-more After the collapse of two U.S. lenders this month and last weekend's Swiss-government-orchestrated takeover of troubled Credit Suisse markets have remained jittery. Investment Banking Deutsche Bank celebrates 150 years in the UK News Team Friday, March 10, 2023 12:00 am http://europe.managersofwealth.com/article/107697/deutsche-bank-celebrates-150-years-in-the-uk The bank's UK journey began in 1873 with the opening of its London Agency, which was its first European foreign branch. Investment Banking Banks including JPMorgan, Charles Schwab, see $52bn rout on SVB’s deposit losses News Aggregation Team Friday, March 10, 2023 12:00 am http://europe.managersofwealth.com/article/107719/banks-including-jpmorgan-charles-schwab-see-52bn-rout-on-svbamprsquos-deposit-losses The tech-focused lender said it lost nearly $2bn selling assets following a larger-than-expected decline in deposits Investment Banking Credit Agricole Lifts Investment Bank Bonus Pool on Hiring Spree News Aggregation Team Thursday, March 09, 2023 12:00 am http://europe.managersofwealth.com/article/107659/credit-agricole-lifts-investment-bank-bonus-pool-on-hiring-spree The Paris-based bank increased the unit’s pool for last year by just under 10%, according to people familiar with the decision. Investment Banking Citi to Double Paris Trading Staff in Post-Brexit Adjustment News Aggregation Team Monday, March 06, 2023 12:00 am http://europe.managersofwealth.com/article/107573/citi-to-double-paris-trading-staff-in-post-brexit-adjustment Jenny Surane and Alexandre Rajbhandari Investment Banking Ex-JPMorgan bankers start emerging market infrastructure investment firm News Aggregation Team Monday, March 06, 2023 12:00 am http://europe.managersofwealth.com/article/107582/ex-jpmorgan-bankers-start-emerging-market-infrastructure-investment-firm ImpactA will provide the first 5% to 15% of debt for projects worth about $100 million to $300 million Investment Banking How BNP Paribas is looking to steal a march on European rivals in investment banking News Aggregation Team Thursday, February 23, 2023 12:00 am http://europe.managersofwealth.com/article/107352/how-bnp-paribas-is-looking-to-steal-a-march-on-european-rivals-in-investment-banking Can the French bank catch up with Wall Street's dominance? Investment Banking Freedom to buy investment bank Maxim Group in $400m deal News Aggregation Team Friday, February 17, 2023 12:00 am http://europe.managersofwealth.com/article/107222/freedom-to-buy-investment-bank-maxim-group-in-400m-deal Freedom’s US CEO Robert Wotczak will become executive chairman of Maxim Group and its subsidiaries, while Maxim Group president Clifford Teller will be elevated to the role of CEO. Investment Banking Deutsche Bank cuts ties with Brown Thomas co-owner René Benko News Aggregation Team Thursday, February 16, 2023 12:00 am http://europe.managersofwealth.com/article/107178/deutsche-bank-cuts-ties-with-brown-thomas-co-owner-renampeacute-benko Developer named by prosecutors last year as a suspect in long-running corruption investigation Investment Banking Central banks tread cautiously in the face of banking stress News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108029/central-banks-tread-cautiously-in-the-face-of-banking-stress Central banks in the US, eurozone, Switzerland and the UK pressed ahead with rate rises this month in the face of banking stress. Comment, Analysis & Research Diversity, an expanding area: EU and UK policy moves News Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108030/diversity-an-expanding-area-eu-and-uk-policy-moves Diversity is a compliance concern at two levels, the higher one being potential breaches of anti-discrimination laws set by countries and, for its member states, the EU. Comment, Analysis & Research 26% of British women have no formal pension savings News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108053/26-of-british-women-have-no-formal-pension-savings Education around retirement pots ‘needs to be improved’ Comment, Analysis & Research Bank crisis: How four leading DFMs are positioned News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108055/bank-crisis-how-four-leading-dfms-are-positioned The issues in the US banking space appear more idiosyncratic than systemic at this point in time but it is important to remember how these concerns can spread like wildfire. Comment, Analysis & Research Spring hope sees UK evading recession News Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108056/spring-hope-sees-uk-evading-recession The UK’s economic prospects are looking up. Comment, Analysis & Research Billionaire Zara Founder Races to Spend His Ever-Growing Bounty News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108002/billionaire-zara-founder-races-to-spend-his-ever-growing-bounty Spain is the only European Union country with a full-on wealth tax, forcing Ortega’s family office to rapidly invest dividends in order to skirt the levy. Comment, Analysis & Research The Rich Are Getting Richer – But Is The Wealth Gap Worse In Europe Or The US? News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108020/the-rich-are-getting-richer-ampndash-but-is-the-wealth-gap-worse-in-europe-or-the-us At the same time, the cumulative wealth of the top ten billionaires in the UK has grown from £48 billion in 2009 to £182 billion in 2022 - an increase of 281 percent. Comment, Analysis & Research Inflation, running out of money and lack of savings greatest risks to clients News Aggregation Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108025/inflation-running-out-of-money-and-lack-of-savings-greatest-risks-to-clients Additionally, 45% of advisers said making poor decisions on accessing benefits with being unable to fund social care (19%) were also worries. Comment, Analysis & Research Rathbones expects high inflation to continue despite OBR prediction News Aggregation Team Thursday, March 23, 2023 12:00 am http://europe.managersofwealth.com/article/107966/rathbones-expects-high-inflation-to-continue-despite-obr-prediction Global trade as a percentage of GDP is roughly where it was 15 years ago, as is international investment,” said Coombs. Comment, Analysis & Research Inflation data puts BoE in difficult position as case for hikes is strengthened News Team Thursday, March 23, 2023 12:00 am http://europe.managersofwealth.com/article/107969/inflation-data-puts-boe-in-difficult-position-as-case-for-hikes-is-strengthened But with this inflation reading, the picture is incredibly clouded and the case for further rate hikes is strengthened. Comment, Analysis & Research HMRC opens 25 new tax fraud investigations into wealthy individuals News Aggregation Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108051/hmrc-opens-25-new-tax-fraud-investigations-into-wealthy-individuals The unit only reserves criminal processes only for serious investigations. Tax Stealthy fiscal drag effect sees HMRC tax take soar News Team Wednesday, March 22, 2023 12:00 am http://europe.managersofwealth.com/article/107942/stealthy-fiscal-drag-effect-sees-hmrc-tax-take-soar The rising cost of living has triggered an uplift in pay, and many will have started paying income tax for the first time or moved into a higher rate as a result. Tax Three ways Jeremy Hunt has increased the tax burden on higher earners News Aggregation Team Tuesday, March 21, 2023 12:00 am http://europe.managersofwealth.com/article/107913/three-ways-jeremy-hunt-has-increased-the-tax-burden-on-higher-earners The kind of budget on the cards usually depends on where we are in an election cycle, with governments keen to save up their giveaways for when the public is starting to think about polling day, and to get unpopular policies out of the way early on in an Tax HMRC: Stamp duty receipts rise 6.5% to £18bn News Aggregation Team Tuesday, March 21, 2023 12:00 am http://europe.managersofwealth.com/article/107932/hmrc-stamp-duty-receipts-rise-65-to-amppound18bn Homebuyers paid £846m more in Stamp Duty in February than they did the month before, according to Coventry Building Society’s analysis of HMRC figures. Tax EY is expanding its offering in the area of ​​compensation and performance management in Switzerland News Team Monday, March 20, 2023 12:00 am http://europe.managersofwealth.com/article/107891/ey-is-expanding-its-offering-in-the-area-of-compensation-and-performance-management-in-switzerland The acquisition by EY Switzerland is an important step in strengthening EY's position in the compensation advisory market. Tax Labour pledges to reverse Hunt’s pensions tax break for the wealthy News Aggregation Team Thursday, March 16, 2023 12:00 am http://europe.managersofwealth.com/article/107823/labour-pledges-to-reverse-huntamprsquos-pensions-tax-break-for-the-wealthy Shadow chancellor Rachel Reeves said scrapping the £1.07 million lifetime allowance is the ‘wrong priority’. Tax 65% of wealthy investors expect to increase exposure to venture capital schemes as a result of upcoming tax rules News Aggregation Team Tuesday, March 14, 2023 12:00 am http://europe.managersofwealth.com/article/107782/65-of-wealthy-investors-expect-to-increase-exposure-to-venture-capital-schemes-as-a-result-of-upcoming-tax-rules This is according to a survey of 1,300 high-net-worth investors who are members of Wealth Club. Tax TMF Group announces 2022 full year results News Team Monday, March 13, 2023 12:00 am http://europe.managersofwealth.com/article/107748/tmf-group-announces-2022-full-year-results TMF Group announces 2022 full year results Tax Treasury Committee calls for rationale behind Office of Tax Simplification closure News Aggregation Team Monday, March 13, 2023 12:00 am http://europe.managersofwealth.com/article/107750/treasury-committee-calls-for-rationale-behind-office-of-tax-simplification-closure Tax simplification Tax HMRC reveals 100,000 dragged into paying higher rate tax at the start of the pandemic News Team Thursday, March 09, 2023 12:00 am http://europe.managersofwealth.com/article/107656/hmrc-reveals-100000-dragged-into-paying-higher-rate-tax-at-the-start-of-the-pandemic Wage growth is still likely to accelerate with inflation often forcing employers to pay their employees more so they can cope with rising costs. Tax How does a higher Euribor affect a variable-rate mortgage? News Team Wednesday, March 22, 2023 12:00 am http://europe.managersofwealth.com/article/107941/how-does-a-higher-euribor-affect-a-variable-rate-mortgage Variable-rate repayment also factors in a fixed rate known as the “spread”, plus the outstanding principal and the remaining term. Retail Banking Bank of London submits rescue bid for UK arm of Silicon Valley Bank News Aggregation Team Monday, March 13, 2023 12:00 am http://europe.managersofwealth.com/article/107727/bank-of-london-submits-rescue-bid-for-uk-arm-of-silicon-valley-bank The Bank of London has confirmed an offer for SVB UK as start-up founders warned Jeremy Hunt that its collapse will "cripple" the British tech sector, Sky News learns. Retail Banking Lender to double Irish loans to €2bn News Aggregation Team Monday, March 06, 2023 12:00 am http://europe.managersofwealth.com/article/107562/lender-to-double-irish-loans-to-ampeuro2bn The lender recorded growth in loans to retail, dental and healthcare firms. Retail Banking UK challenger banks and specialist SME lenders overtake incumbents News Aggregation Team Wednesday, March 01, 2023 12:00 am http://europe.managersofwealth.com/article/107469/uk-challenger-banks-and-specialist-sme-lenders-overtake-incumbents The report reveals the smaller business asset finance market also reached a record level in 2022, with an increase in new business of 11% in 2022 to £22.1 billion. Retail Banking Danske Bank sells startup jobs platform News Team Tuesday, February 28, 2023 12:00 am http://europe.managersofwealth.com/article/107427/danske-bank-sells-startup-jobs-platform With more than 10,000 companies registered and 1,000+ jobs posted every month, TheHub is a success story. Retail Banking Lloyds Banking begins GBP2 billion share buyback programme with UBS News Aggregation Team Friday, February 24, 2023 12:00 am http://europe.managersofwealth.com/article/107360/lloyds-banking-begins-gbp2-billion-share-buyback-programme-with-ubs The buyback announcement had accompanied a cautious outlook for the year ahead on Wednesday, as Lloyds said it expects the benefits of rising interest rates on its net interest margin to begin fading. Retail Banking Lloyds Banking Group hits back at criticism over savings rates News Aggregation Team Thursday, February 23, 2023 12:00 am http://europe.managersofwealth.com/article/107329/lloyds-banking-group-hits-back-at-criticism-over-savings-rates Lloyds and other banks have been criticised for not offering competitive levels of interest rates for savers. Retail Banking Co-operative Bank front runner in Sainsbury’s loan book purchase bid News Aggregation Team Wednesday, February 22, 2023 12:00 am http://europe.managersofwealth.com/article/107306/co-operative-bank-front-runner-in-sainsburyamprsquos-loan-book-purchase-bid UK’s challenger lender Starling Bank, too, was previously interested in the mortgage book but has now backed out. Retail Banking Atom Bank makes London IPO intention clear News Aggregation Team Monday, February 20, 2023 12:00 am http://europe.managersofwealth.com/article/107233/atom-bank-makes-london-ipo-intention-clear Atom raised significant funds last year, with a £75m round in February 2022 followed by a November boost of £30m. Retail Banking Dominant Russian lender Sberbank's profits rise 9.8% y/y in Jan News Aggregation Team Thursday, February 09, 2023 12:00 am http://europe.managersofwealth.com/article/107031/dominant-russian-lender-sberbankamp039s-profits-rise-98-yy-in-jan The bank, which serves nearly 107 million retail clients, returned to profitability in the latter half of the year, increasing its capital and capital adequacy and seeing growth in several areas of its business. 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 Could copper hold the key to energy transition? News Team Monday, March 27, 2023 1:00 am http://europe.managersofwealth.com/article/108042/could-copper-hold-the-key-to-energy-transition This will bring its own set of problems that governments and companies will have to resolve, but it could create some opportunities for investors. Planet SOS IQ-EQ poll finds fear of greenwashing is top reason holding back ESG investing News Team Friday, March 24, 2023 12:00 am http://europe.managersofwealth.com/article/108016/iq-eq-poll-finds-fear-of-greenwashing-is-top-reason-holding-back-esg-investing The lack of clear, universal ESG criteria continues to be a pain point as different authorities state different standards. Planet SOS Majority of UK SMEs 'don't understand' ESG News Aggregation Team Thursday, March 23, 2023 12:00 am http://europe.managersofwealth.com/article/107972/majority-of-uk-smes-amp039donamp039t-understandamp039-esg Since the signing of the Paris Climate Agreement, many of the targets necessary to avoid this scenario, and its dire implications, have hinged on market-based solutions. Planet SOS Paris-aligned or Paris-misaligned? Fossil fuel financing under the European Bank for Reconstruction and Development's Paris alignment methodology News Team Wednesday, March 22, 2023 12:00 am http://europe.managersofwealth.com/article/107947/paris-aligned-or-paris-misaligned-fossil-fuel-financing-under-the-european-bank-for-reconstruction-and-developmentamp039s-paris-alignment-methodology Already in July 2021, the EBRD committed to aligning all of its activities with the Paris Agreement by the end of 2022. Planet SOS Amati Global Investors adopts 'Digbee' as ESG accreditation solution for Strategic Metals Fund News Team Wednesday, March 22, 2023 12:00 am http://europe.managersofwealth.com/article/107949/amati-global-investors-adopts-amp039digbeeamp039-as-esg-accreditation-solution-for-strategic-metals-fund The Fund’s managers – Georges Lequime and Mark Smith – boast a rare combination of technical expertise in global mining practice, and investment, this informing their portfolio construction and the way in which they have managed asset al Planet SOS IQ-EQ shortlisted for two awards in the Drawdown Awards 2023 News Team Wednesday, March 22, 2023 12:00 am http://europe.managersofwealth.com/article/107956/iq-eq-shortlisted-for-two-awards-in-the-drawdown-awards-2023 Participants are judged by a panel of leading industry practitioners to celebrate service providers who they believe are driving up service standards across the sector. Planet SOS FCA outlines where improvements are needed in ESG benchmarks News Team Tuesday, March 21, 2023 12:00 am http://europe.managersofwealth.com/article/107910/fca-outlines-where-improvements-are-needed-in-esg-benchmarks High quality ESG benchmarks are important to support trust in the market for ESG products and the transition to a net zero economy. Planet SOS Nuveen launches Global Real Estate Carbon Reduction fund News Aggregation Team Tuesday, March 21, 2023 12:00 am http://europe.managersofwealth.com/article/107912/nuveen-launches-global-real-estate-carbon-reduction-fund Article 9 fund Planet SOS Groupe Indosuez Wealth Management : CFM Indosuez partners the Scientific Centre of Monaco to protect tropical corals News Team Monday, March 20, 2023 12:00 am http://europe.managersofwealth.com/article/107886/groupe-indosuez-wealth-management-cfm-indosuez-partners-the-scientific-centre-of-monaco-to-protect-tropical-corals The scientific community, through the organisation of an international network of aquariums and research institutes initiated in Monaco, is deploying in-depth action to safeguard these jewels of the ocean for future generations. Planet SOS 'Natural Resources specialist KBI Global Investors and investment partners share their thoughts ahead of UN World Water Day 2023' News Team Thursday, March 16, 2023 12:00 am http://europe.managersofwealth.com/article/107834/amp039natural-resources-specialist-kbi-global-investors-and-investment-partners-share-their-thoughts-ahead-of-un-world-water-day-2023amp039 Natural Resources specialist KBI Global Investors shares its thoughts ahead of World Water Day 2023 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