The European Banking News Network http://europe.managersofwealth.com/ Mon, 15 Oct 2018 19:13:39 BST part of MediaG8way Group http://europe.managersofwealth.com/ http://europe.managersofwealth.com/assets/images/logo.png The European Banking News Network KohanaPHP UBS Group AG: UBS Europe SE completes acquisition of Nordea’s Luxembourg-based private banking business News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66176/ubs-group-ag-ubs-europe-se-completes-acquisition-of-nordeaamprsquos-luxembourg-based-private-banking-business The acquisition enables UBS to expand its presence in Europe and further build its position as a key Wealth Manager for Nordic clients in Europe. Wealth and Asset Management Wealth managers who really earned their fees (and how they did it) News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66178/wealth-managers-who-really-earned-their-fees-and-how-they-did-it He’s been the shining light but there have been a number of them.” Wealth and Asset Management Schroders third-quarter assets buoyed by institutions as retail demand falters News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66181/schroders-third-quarter-assets-buoyed-by-institutions-as-retail-demand-falters Unlike its peers, Schroders does not disclose how its assets under management were impacted by market moves or the decision of clients to invest or withdraw their cash. Wealth and Asset Management Queen’s disgraced banker turns up too! News Aggregation Team Sunday, October 14, 2018 1:00 am http://europe.managersofwealth.com/article/66144/queenamprsquos-disgraced-banker-turns-up-too Harry Keogh, 57, left Coutts this year after allegations he made lewd comments Wealth and Asset Management PBI Global Awards winners announced News Aggregation Team Sunday, October 14, 2018 1:00 am http://europe.managersofwealth.com/article/66150/pbi-global-awards-winners-announced BNP Paribas made a string of major new hires in its North Asia division this year. Wealth and Asset Management Weatherbys doubles up in Scotland as personal touch pays off News Aggregation Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66125/weatherbys-doubles-up-in-scotland-as-personal-touch-pays-off The bank, which is headquartered in Wellingborough, Northamptonshire, recently appointed Jacqui Low to its advisory board as part of its Scottish growth plans. Wealth and Asset Management Man Group reports asset growth News Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66140/man-group-reports-asset-growth Investment performance in the quarter was mixed with strong absolute and relative performance in our momentum and discretionary long only strategies but weaker relative performance in our discretionary alternative and systematic equity strategies. Wealth and Asset Management Hargreaves Lansdown assets up three percent on inflows, market moves News Aggregation Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66086/hargreaves-lansdown-assets-up-three-percent-on-inflows-market-moves The past quarter has seen an uncertain market environment and weak investor sentiment resulting in an industry-wide slowdown in net retail flows. Wealth and Asset Management Credit Suisse Gives Loan to $209 Million London Home Owner News Aggregation Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66087/credit-suisse-gives-loan-to-209-million-london-home-owner Deal involved investor Nick Candy refinancing, Times reports Wealth and Asset Management Credo increases fund availability News Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66101/credo-increases-fund-availability Credo has a strong track-record of managing long-only, value-based direct equity portfolios with a bias towards developed market, large-cap stocks. Wealth and Asset Management The head of EMEA equity sales quietly left Bank of America Merrill Lynch News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66168/the-head-of-emea-equity-sales-quietly-left-bank-of-america-merrill-lynch Sindelbar's disappearance follows suggestions that Bank of America recently made a small number of redundancies in Europe. Executive Moves Credit Suisse investment head joins UK boutique as CIO News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66177/credit-suisse-investment-head-joins-uk-boutique-as-cio Seven Investment Management currently has £14.3 billion (€16.22 billion) in assets under management Executive Moves Barclays rehires HSBC director for Scots regional wealth push News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66180/barclays-rehires-hsbc-director-for-scots-regional-wealth-push The appointment followed a raft of departures across Barclays’ regional network over the past year. Executive Moves Jens Moritz becomes name partner at Rautenberg News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66182/jens-moritz-becomes-name-partner-at-rautenberg Rautenberg and Moritz founded the company in 2014 Executive Moves Jupiter promotes Katharine Dryer to Deputy CIO role News Team Sunday, October 14, 2018 1:00 am http://europe.managersofwealth.com/article/66145/jupiter-promotes-katharine-dryer-to-deputy-cio-role Global asset manager Jupiter has appointed Katherine Dryer to the new role of Deputy Chief Investment Officer. Executive Moves HSBC appoints new co-head of under-fire investment bank News Aggregation Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66115/hsbc-appoints-new-co-head-of-under-fire-investment-bank Group appoints former JPMorgan banker to succeed Matthew Westerman, who left just under a year ago Executive Moves BNP Paribas names John Egan as CEO of L'Atelier News Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66123/bnp-paribas-names-john-egan-as-ceo-of-lamp039atelier "I am convinced that the business activity of L'Atelier BNP Paribas, based on its intrinsic pioneer character, will bring success to the BNP Paribas Group.” Executive Moves Sycomore AM adds to investment team News Aggregation Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66122/sycomore-am-adds-to-investment-team Before joining Sycomore AM, Mariette held the position of equities portfolio manager, firstly at Banque Populaire Val de France (2008-2009), then at Fonds de Garantie Automobile (2009-2012). Executive Moves KW Wealth bolsters strategy team with senior duo News Aggregation Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66072/kw-wealth-bolsters-strategy-team-with-senior-duo These appointments demonstrate KW Wealth’s commitment to investing in independent research expertise for our clients, to achieve the outcomes they are looking for.' Executive Moves Shaun Port among vets appointed to Nutmeg board News Aggregation Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66073/shaun-port-among-vets-appointed-to-nutmeg-board Alexander also sits on Nutmeg’s executive team. Executive Moves City braced for more departures News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66146/city-braced-for-more-departures The Bank of England warned last week against the bloc using derivatives as a Brexit bargaining tool, risking ­financial stability. Legal, Regulation & Compliance Lithuanian, Ukrainian central banks sign fintech cooperation agreement News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66152/lithuanian-ukrainian-central-banks-sign-fintech-cooperation-agreement The Bank of Lithuania and the Monetary Authority of Singapore signed their fintech cooperation agreement last March. Legal, Regulation & Compliance Richest Clients Are Being Penalized by MiFID, Nordea Bankers Say News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66156/richest-clients-are-being-penalized-by-mifid-nordea-bankers-say If someone is categorized as a retail investor, he or she might not be granted the same access to complex investment products despite having the relevant expertise, the bankers said. Legal, Regulation & Compliance Italy must abide by European rules, agreements - IMF's Lipton News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66157/italy-must-abide-by-european-rules-agreements-imfamp039s-lipton The Italian coalition has set a deficit target of 2.4 percent of economic output for 2019, tripling the previous goal for the heavily indebted nation, unnerving investors and prompting sharp criticism from the Commission. Legal, Regulation & Compliance Burford Capital raises more than $250 million for continued expansion News Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66161/burford-capital-raises-more-than-250-million-for-continued-expansion Burford pioneered institutional-quality commercial litigation finance and has a team in the US, Europe and Asia-Pacific, who work with clients around the world. Legal, Regulation & Compliance Five reforms the ECB should embrace News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66159/five-reforms-the-ecb-should-embrace The ECB’s primary objective is price stability, defined as “a rate of inflation below but close to 2 per cent”. Legal, Regulation & Compliance UK fund manager flies in to court companies News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66162/uk-fund-manager-flies-in-to-court-companies Under his stewardship the company has seen its funds under management grow to about US$8 billion, mainly on the strength of its private clients. Legal, Regulation & Compliance African Development Bank showcases investment opportunities in Africa to Nordic investors News Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66183/african-development-bank-showcases-investment-opportunities-in-africa-to-nordic-investors The aim of the event was to bring the Bank closer to customers in order to increase awareness of key private sector stakeholders to understand the Bank’s financial and risk mitigation products for investment projects. Legal, Regulation & Compliance UK’s largest businesses hit with £59m in fines by HMRC for ‘careless’ behaviour last year News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66164/ukamprsquos-largest-businesses-hit-with-amppound59m-in-fines-by-hmrc-for-amplsquocarelessamprsquo-behaviour-last-year Fines levied for ‘careless’ behaviour can be costly for businesses. Legal, Regulation & Compliance CYBG completes acquisition of Virgin Money News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66165/cybg-completes-acquisition-of-virgin-money The deal sees the creation of the UK’s sixth biggest bank and the first national banking competitor to the status quo Legal, Regulation & Compliance Brexit overtakes robo-advice as biggest broker threat News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66166/brexit-overtakes-robo-advice-as-biggest-broker-threat Brexit was now seen as the biggest concern, with 25 per cent of brokers surveyed agreeing this posed the most substantial challenge. FinTech Barclays halts work on cryptocurrency trading project News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66170/barclays-halts-work-on-cryptocurrency-trading-project The initiative has been put 'on ice', according to people familiar with the situation FinTech Axioma moves investment management toolset to the cloud News Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66118/axioma-moves-investment-management-toolset-to-the-cloud A combination of three main features differentiates axiomaBlue from existing investment-management offerings. FinTech Digital Competition Expert Panel: Call For Evidence News Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66136/digital-competition-expert-panel-call-for-evidence We are interested in positive experiences of other jurisdictions in policy making in the digital economy and would welcome evidence on this. FinTech Member cityfalcon signed up by raiffeisen bank international News Aggregation Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66085/member-cityfalcon-signed-up-by-raiffeisen-bank-international CityFALCON work with the bank to provide their teams access to the hard-to-find content in CEE markets. After aggregating the content, they focus on providing the same personalised experience that they provide to their retail clients to the users at the b FinTech The fear of the blank screen by David Veal, corfinancial News Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66100/the-fear-of-the-blank-screen-by-david-veal-corfinancial The cause of this alarm is the harmless practice known as ‘exception management’. FinTech Generali launches cyber security subsidiary News Aggregation Team Wednesday, October 10, 2018 1:00 am http://europe.managersofwealth.com/article/66026/generali-launches-cyber-security-subsidiary Generali, as a global insurer, intends to be at the forefront of identifying and mitigating this type of emerging risk, offering innovative and relevant solutions for our customers. FinTech Common Reporting Standard and Internet of things may Increase Cyber risk to Family Offices News Aggregation Team Tuesday, October 09, 2018 1:00 am http://europe.managersofwealth.com/article/65991/common-reporting-standard-and-internet-of-things-may-increase-cyber-risk-to-family-offices This information is sent by family offices and stored at financial firms and also communicated and shared with tax authorities—thereby creating additional points for unauthorised access. FinTech Belgium’s bank Selects Wolters Kluwer to Provide AnaCredit and Regulatory Reporting Software News Team Tuesday, October 09, 2018 1:00 am http://europe.managersofwealth.com/article/66013/belgiumamprsquos-bank-selects-wolters-kluwer-to-provide-anacredit-and-regulatory-reporting-software This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in approximately 30 countries. FinTech Wealth tech firm gets new owners News Team Tuesday, October 09, 2018 1:00 am http://europe.managersofwealth.com/article/66022/wealth-tech-firm-gets-new-owners FNZ is now the European market leader with a broad service offering. FinTech Saudi buyers snapping up European commercial real estate News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66151/saudi-buyers-snapping-up-european-commercial-real-estate Saudi Arabian asset management firm SEDCO Capital recently acquired three properties worth $179.9m across France and the UK as investments Alternative Investments Investors bet against Italian debt as budget fears intensify News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66153/investors-bet-against-italian-debt-as-budget-fears-intensify Value of Italian bonds out on loan — a proxy for short selling — hits four-month high Alternative Investments Charities lose as lottery punters turn to offshore betting websites News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66175/charities-lose-as-lottery-punters-turn-to-offshore-betting-websites The companies offer bets on lotteries around the world, including the US Powerball and Mega Millions lotteries which regularly feature jackpots of hundreds of millions Alternative Investments Carlyle dealmaker puts $100m of his cash into own fund News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66179/carlyle-dealmaker-puts-100m-of-his-cash-into-own-fund Marcel van Poecke is contributing to group’s $4bn international energy fund Alternative Investments RBC: client exodus leaves Gars on course for £12bn outflow in 2018 News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66184/rbc-client-exodus-leaves-gars-on-course-for-amppound12bn-outflow-in-2018 Analysts at the bank noted that a three-year track record is key for marketing, and Gars has foundered against rival mandates run by Invesco and Aviva over this period. Alternative Investments Billionaire brothers bid for Santander HQ in Madrid News Aggregation Team Sunday, October 14, 2018 1:00 am http://europe.managersofwealth.com/article/66143/billionaire-brothers-bid-for-santander-hq-in-madrid The Reubens, who were ranked fourth in this year’s Sunday Times Rich List with a fortune of £15bn, are competing against the bank itself, which wants to buy back the costly lease, and the private equity firm AGC Equity Partners. Alternative Investments Coupland Cardiff launches new fund focused on Indian subcontinent News Aggregation Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66112/coupland-cardiff-launches-new-fund-focused-on-indian-subcontinent It is focussed on high growth and high quality companies that benefit from domestic growth and strong corporate governance with demonstrable track records. Alternative Investments BlackRock handed £30bn chunk of giant Lloyds mandate News Aggregation Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66124/blackrock-handed-amppound30bn-chunk-of-giant-lloyds-mandate Schroders is favourite to oversee the remainder of the £109bn being pulled from Standard Life Aberdeen Alternative Investments Ashmore shrugs of emerging market volatility to grow assets News Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66134/ashmore-shrugs-of-emerging-market-volatility-to-grow-assets Markets were volatile during the quarter, particularly in local currency-denominated themes, however sentiment improved towards the end of the period following positive developments in certain high profile countries. Alternative Investments Mike Ashley snaps up Glasgow’s House of Fraser for £95m News Aggregation Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66137/mike-ashley-snaps-up-glasgowamprsquos-house-of-fraser-for-amppound95m The iconic store on Buchanan Street, which includes Hermes, Christian Louboutin, Prada and Gucci, would continue to operate as Frasers once the agreement completes. Alternative Investments Infamous memo is not the only problem for HSBC’s investment bank News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66169/infamous-memo-is-not-the-only-problem-for-hsbcamprsquos-investment-bank Bank's problems go deeper than its performance; Mike Ashley's point of no return with the City; and a new way to finance UK Finance Investment Banking Angry management: The dark side of Santander’s new boss News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66171/angry-management-the-dark-side-of-santanderamprsquos-new-boss Some of Andrea Orcel’s former UBS colleagues say the star banker is a bully and a bad choice to be Santander’s chief executive Investment Banking European banks left behind in the big UK takeover deal boom News Aggregation Team Monday, October 08, 2018 1:00 am http://europe.managersofwealth.com/article/65955/european-banks-left-behind-in-the-big-uk-takeover-deal-boom The shift means Europe's investment banks are increasingly missing out on a UK deal-making boom after takeover action hit its highest level since 2007 this year. Investment Banking HSBC Malta launches new international business service News Aggregation Team Friday, October 05, 2018 1:00 am http://europe.managersofwealth.com/article/65912/hsbc-malta-launches-new-international-business-service This team is able to offer a comprehensive suite of corporate services Investment Banking Investments are weak spot for German economy: banking association News Aggregation Team Friday, October 05, 2018 1:00 am http://europe.managersofwealth.com/article/65916/investments-are-weak-spot-for-german-economy-banking-association The German economy has been relying on private consumption and government spending for growth as exports weaken. Investment Banking Investment revamp at Deutsche Bank puts focus on customers News Aggregation Team Wednesday, October 03, 2018 1:00 am http://europe.managersofwealth.com/article/65851/investment-revamp-at-deutsche-bank-puts-focus-on-customers Deutsche Bank, once the undisputed market leader, desperately needs to keep its corporate and institutional investment clients happy. Investment Banking Natixis eyes stakes in boutique investment banks News Aggregation Team Tuesday, October 02, 2018 1:00 am http://europe.managersofwealth.com/article/65825/natixis-eyes-stakes-in-boutique-investment-banks New head of French bank sees strategy as way to build global financial services network Investment Banking LGT a cornerstone investor in China Renaissance News Aggregation Team Tuesday, October 02, 2018 1:00 am http://europe.managersofwealth.com/article/65827/lgt-a-cornerstone-investor-in-china-renaissance As one of three cornerstone investors, LGT acquired a USD 25 million stake in the business. Investment Banking UBS investment bankers fear for future as their star departs News Aggregation Team Thursday, September 27, 2018 1:00 am http://europe.managersofwealth.com/article/65731/ubs-investment-bankers-fear-for-future-as-their-star-departs Andrea Orcel was powerful advocate for unit that has been trimmed since the crisis Investment Banking Rothschild resigns as financial advisor to FFG, media report says News Aggregation Team Wednesday, September 26, 2018 1:00 am http://europe.managersofwealth.com/article/65656/rothschild-resigns-as-financial-advisor-to-ffg-media-report-says The company has also employed Alvarez & Marsal (A&M) to conduct a forensic review in the financial statements of its Asian subsidiaries. Investment Banking Ireland especially attractive to money launderers, says expert News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66163/ireland-especially-attractive-to-money-launderers-says-expert Eoin O’Shea says Ireland needs to be vigilant about the dangers of dirty money flows Comment, Analysis & Research Sanlam’s Secret Weapon: Introducing Evolve By Penny Lovell Penny Lovell Sunday, October 14, 2018 1:00 am http://europe.managersofwealth.com/article/66141/sanlamamprsquos-secret-weapon-introducing-evolve-by-penny-lovell An initiative started by Jonathan Polin, our Group CEO in 2016, Sanlam Evolve is on to its second cohort. Comment, Analysis & Research Markets in turmoil – our view by Canaccord Genuity News Team Sunday, October 14, 2018 1:00 am http://europe.managersofwealth.com/article/66142/markets-in-turmoil-ampndash-our-view-by-canaccord-genuity The information provided is not to be treated as specific advice. Comment, Analysis & Research Confronting Climate Change in a Deeply Unequal World News Aggregation Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66121/confronting-climate-change-in-a-deeply-unequal-world The global reaction to two landmark new reports suggest the world could well lose that confrontation. Comment, Analysis & Research London property owners use their homes as piggy banks News Aggregation Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66130/london-property-owners-use-their-homes-as-piggy-banks Remortgage rush funds school fees, home improvements and Bank of Mum and Dad Comment, Analysis & Research Public asked for views on the digital economy News Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66135/public-asked-for-views-on-the-digital-economy People urged to have their say on whether competition in the digital market is being is stifled by powerful tech giants. Comment, Analysis & Research What's on your expat wish list? News Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66088/whatamp039s-on-your-expat-wish-list The Spanish way of life also helped to secure 2nd place for experience again this year. Comment, Analysis & Research Crypto-asset markets: Potential channels for future financial stability implications News Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66083/crypto-asset-markets-potential-channels-for-future-financial-stability-implications The FSB’s report includes an assessment of the primary risks present in crypto-assets and their markets, such as low liquidity, the use of leverage, market risks from volatility, and operational risks. Comment, Analysis & Research Watch bonds by Tim Price Tim Price Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66092/watch-bonds-by-tim-price There is process, and there is outcome. Comment, Analysis & Research What's In A Name? RBS Plans To Become More Millennial-Friendly News Aggregation Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66094/whatamp039s-in-a-name-rbs-plans-to-become-more-millennial-friendly Following this, CEO Ross McEwan added that it would take another ten years for RBS’s reputation to recover from the financial crash. Comment, Analysis & Research EU transaction tax ‘very likely’ after Brexit News Aggregation Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66114/eu-transaction-tax-amplsquovery-likelyamprsquo-after-brexit Schroders economist Azad Zangana says tax harmonisation also on the cards with France in the driving seat Tax Tax purge slashes flow of offshore pension cash News Aggregation Team Wednesday, October 10, 2018 1:00 am http://europe.managersofwealth.com/article/66032/tax-purge-slashes-flow-of-offshore-pension-cash Charges on transfers to Qrops schemes cut to £1.4m in 2017-18 Tax Grant Thornton to create 48 jobs in Belfast News Aggregation Team Tuesday, October 09, 2018 1:00 am http://europe.managersofwealth.com/article/66002/grant-thornton-to-create-48-jobs-in-belfast "More recently, we have witnessed a significant uplift in the provision of strategic consulting advice, including in relation to Brexit" Tax HMRC tax move killing off Qrop transfers News Aggregation Team Monday, October 08, 2018 1:00 am http://europe.managersofwealth.com/article/65973/hmrc-tax-move-killing-off-qrop-transfers When the 25 per cent tax charge for Qrops transfers was introduced in the March 2017 Budget, the government published figures suggesting that the charges would raise £65m for the Exchequer in 2017 to 2018. Tax Where in the World Is Denmark’s $2 Billion? News Aggregation Team Sunday, October 07, 2018 1:00 am http://europe.managersofwealth.com/article/65957/where-in-the-world-is-denmarkamprsquos-2-billion This outpost of SKAT, as the I.R.S. in Denmark is known, seems an improbable setting for what the authorities call one of the great financial crimes in the country’s history. Tax Belgium: New register of ultimate beneficial owners introduced News Team Friday, October 05, 2018 1:00 am http://europe.managersofwealth.com/article/65946/belgium-new-register-of-ultimate-beneficial-owners-introduced Those responsible for reporting UBO information must provide a complete and accurate identification of UBOs Tax Liechtenstein, Peru removed from “grey” list of noncooperative jurisdictions News Aggregation Team Friday, October 05, 2018 1:00 am http://europe.managersofwealth.com/article/65945/liechtenstein-peru-removed-from-ampldquogreyamprdquo-list-of-noncooperative-jurisdictions The listing process is part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation, within the EU and globally Tax Past tax advice cannot justify offshore non-compliance News Aggregation Team Wednesday, October 03, 2018 1:00 am http://europe.managersofwealth.com/article/65855/past-tax-advice-cannot-justify-offshore-non-compliance Reasonable excuse less likely to work as mitigation under failure to correct regime Tax HMRC wins capital gains tax battle News Aggregation Team Wednesday, October 03, 2018 1:00 am http://europe.managersofwealth.com/article/65857/hmrc-wins-capital-gains-tax-battle Private residence relief exempts a taxpayer from capital gains tax if they sell a property which has been their main residency for the time in which it was owned. Tax Could an increase in stamp duty for non-UK residents work in practice? by Andrew Hubbard News Team Wednesday, October 03, 2018 1:00 am http://europe.managersofwealth.com/article/65858/could-an-increase-in-stamp-duty-for-non-uk-residents-work-in-practice-by-andrew-hubbard But is tax residence the most appropriate test? Tax Barclays to challenge Goldman’s Marcus in US retail banking News Aggregation Team Monday, October 15, 2018 1:00 am http://europe.managersofwealth.com/article/66154/barclays-to-challenge-goldmanamprsquos-marcus-in-us-retail-banking Lender to draw on UK experience to target consumers wanting a digital-only service Retail Banking Metro Bank rolls out money management Insights News Aggregation Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66132/metro-bank-rolls-out-money-management-insights Insights is all about using technology to make customers’ lives easier Retail Banking Banca Generali reports September net inflows of €310 million News Team Wednesday, October 10, 2018 1:00 am http://europe.managersofwealth.com/article/66035/banca-generali-reports-september-net-inflows-of-ampeuro310-million Assets under Advisory amounted to €2.3 billion. Retail Banking Goldman Sachs' new retail bank Marcus has signed up 50,000 UK customers in under 2 weeks News Aggregation Team Tuesday, October 09, 2018 1:00 am http://europe.managersofwealth.com/article/66016/goldman-sachsamp039-new-retail-bank-marcus-has-signed-up-50000-uk-customers-in-under-2-weeks The number of signups has been far in excess of what the bank expected, Des McDaid, who is leading the project in the UK said last week. Retail Banking End of Greek cash withdrawal limits credit positive for its banks - Moody's News Aggregation Team Friday, October 05, 2018 1:00 am http://europe.managersofwealth.com/article/65918/end-of-greek-cash-withdrawal-limits-credit-positive-for-its-banks-moodyamp039s Improving economic prospects and an increase in private-sector deposits allowed for the easing of capital controls, which will likely strengthen depositors’ confidence and help banks further improve their funding profiles, a credit positive Retail Banking A Mega Bank Just Joined the Euro Zone; It's Too Big to Fail News Aggregation Team Monday, October 01, 2018 1:00 am http://europe.managersofwealth.com/article/65787/a-mega-bank-just-joined-the-euro-zone-itamp039s-too-big-to-fail In an interview with Bloomberg Television on Monday, von Koskull said growing through European acquisitions isn’t on his agenda. Retail Banking Sberbank: the bank trying to shape Russia’s future News Aggregation Team Sunday, September 30, 2018 1:00 am http://europe.managersofwealth.com/article/65771/sberbank-the-bank-trying-to-shape-russiaamprsquos-future The Kremlin’s largest lender is diversifying under Putin ally Herman Gref, but the threat of more sanctions makes investors nervous Retail Banking Green Mortgages on Tap From Banks Funding Climate Investment News Aggregation Team Tuesday, September 25, 2018 1:00 am http://europe.managersofwealth.com/article/65649/green-mortgages-on-tap-from-banks-funding-climate-investment During the tests, banks will consider offering discounted green mortgages to customers willing to spend extra on upgrading properties Retail Banking A New CEO Plans Big Cuts to Mend Deutsche Bank News Aggregation Team Thursday, September 20, 2018 1:00 am http://europe.managersofwealth.com/article/65558/a-new-ceo-plans-big-cuts-to-mend-deutsche-bank Christian Sewing knows how to bring down expenses, but some say he lacks a grand vision. Retail Banking Romanian state bank aims to buy private bank’s retail license News Aggregation Team Tuesday, September 18, 2018 1:00 am http://europe.managersofwealth.com/article/65465/romanian-state-bank-aims-to-buy-private-bankamprsquos-retail-license By acquiring the Banca Romaneasca license, Eximbank would be able to start drawing deposits and to also finance individual clients. Retail Banking Government rules out flat-rate pension tax relief News Team Friday, October 12, 2018 1:00 am http://europe.managersofwealth.com/article/66129/government-rules-out-flat-rate-pension-tax-relief Government responds to Treasury Committee’s Household Finances Report Pensions Schroders targets DC default market with sustainable factor-based launch News Aggregation Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66075/schroders-targets-dc-default-market-with-sustainable-factor-based-launch Companies in sectors such as tobacco, gambling and weapons manufacturing were excluded, but the company emphasised that exclusion and divestment were not a primary feature of the strategy. Pensions National Advice Firm Believes FCA Bank on Free Informal 'Triage' Advice is in Consumer Interest News Team Monday, October 08, 2018 1:00 am http://europe.managersofwealth.com/article/65970/national-advice-firm-believes-fca-bank-on-free-informal-amp039triageamp039-advice-is-in-consumer-interest “Guidance can be delivered for a few hundred pounds; we have done so for thousands of pension scheme members or for over 50’s obtained free this from Pension Wise.” Pensions Punter Southall acquires Chartered Financial Planner News Aggregation Team Monday, October 08, 2018 1:00 am http://europe.managersofwealth.com/article/65976/punter-southall-acquires-chartered-financial-planner We are delighted to have completed the acquisition of JDP Financial Services Pensions L&G to focus on supporting brokers in retirement lending space News Aggregation Team Monday, October 08, 2018 1:00 am http://europe.managersofwealth.com/article/66020/lampampg-to-focus-on-supporting-brokers-in-retirement-lending-space Legal & General Home Finance recently appointed Marie Catch as head of mortgage broker sales. Pensions LEBC Supports FCA Ban on Triage for DB Transfers News Team Friday, October 05, 2018 1:00 am http://europe.managersofwealth.com/article/65932/lebc-supports-fca-ban-on-triage-for-db-transfers Such guidance can be delivered at an economic cost and give the consumer useful insight into all the things they need to consider before paying for full advice. Pensions FCA confirms final rules on improving the quality of pension transfer advice News Team Thursday, October 04, 2018 1:00 am http://europe.managersofwealth.com/article/65895/fca-confirms-final-rules-on-improving-the-quality-of-pension-transfer-advice The Financial Conduct Authority (FCA) has today published feedback and final rules and guidance from its consultation on improving the quality of pension transfer advice. Pensions FCA pledges more work on contingent charging News Aggregation Team Thursday, October 04, 2018 1:00 am http://europe.managersofwealth.com/article/65898/fca-pledges-more-work-on-contingent-charging It will not act to ban the practice for now Pensions Robo-adviser offers pension switching News Aggregation Team Wednesday, October 03, 2018 1:00 am http://europe.managersofwealth.com/article/65875/robo-adviser-offers-pension-switching The robo-adviser, which was launched in the UK a year ago and has £2bn under management globally, previously only provided investment pots such as Isas. Pensions Novia overhauls pension transfer service News Aggregation Team Tuesday, October 02, 2018 1:00 am http://europe.managersofwealth.com/article/65830/novia-overhauls-pension-transfer-service It was built by the in-house Novia team and externally reviewed and validated by financial services technology firm Dunstan Thomas. Pensions Financial Policy Committee statement from its meeting News Team Thursday, October 11, 2018 1:00 am http://europe.managersofwealth.com/article/66082/financial-policy-committee-statement-from-its-meeting Our latest Financial Policy Committee Statement highlights how we’re making the financial system resilient to risks and prepared to avoid future disruption. Brexit Bank of England warns EU over Brexit risk to financial stability News Aggregation Team Wednesday, October 10, 2018 1:00 am http://europe.managersofwealth.com/article/66038/bank-of-england-warns-eu-over-brexit-risk-to-financial-stability Pressing need to act to mitigate risk of no deal, says financial policy committee Brexit Hard Brexit risks UK status as ‘gateway to Europe’ for Japan as companies size up new sites News Aggregation Team Sunday, October 07, 2018 1:00 am http://europe.managersofwealth.com/article/65949/hard-brexit-risks-uk-status-as-amplsquogateway-to-europeamprsquo-for-japan-as-companies-size-up-new-sites Businesses consider moving to continental Europe as fears of no-deal Brexit grow Brexit Cyprus to give British expats residency rights after Brexit News Aggregation Team Friday, October 05, 2018 1:00 am http://europe.managersofwealth.com/article/65924/cyprus-to-give-british-expats-residency-rights-after-brexit UK nationals and their family members who, by December 31, 2020, have been continuously resident in Cyprus for five years will be eligible for permanent residence. Brexit Nomura looks to Paris as post-Brexit EU lending hub News Aggregation Team Thursday, October 04, 2018 1:00 am http://europe.managersofwealth.com/article/65908/nomura-looks-to-paris-as-post-brexit-eu-lending-hub Japanese bank joins global peers in moving some business to French capital Brexit Is Brexit Creating Real Estate Investment Opportunities? News Aggregation Team Sunday, September 30, 2018 1:00 am http://europe.managersofwealth.com/article/65764/is-brexit-creating-real-estate-investment-opportunities Investments from global investment trusts, private equity and family offices pushed the prices up to record highs. Brexit Private jet travel increases as Brexit looms on the horizon News Aggregation Team Friday, September 28, 2018 1:00 am http://europe.managersofwealth.com/article/65746/private-jet-travel-increases-as-brexit-looms-on-the-horizon The trend comes amid speculation whether a UK-EU Brexit deal could be reached in the next few months and a recent rally by the pound against the Euro — though there is continuing volatility in the markets. Brexit Brexit drama drives 7IM into defensive mode over UK News Aggregation Team Thursday, September 27, 2018 1:00 am http://europe.managersofwealth.com/article/65719/brexit-drama-drives-7im-into-defensive-mode-over-uk Earlier this year, investment trust managers were surveyed by the Association of Investment Companies. Brexit Cyprus positions itself to attract investment as Brexit looms News Aggregation Team Wednesday, September 19, 2018 1:00 am http://europe.managersofwealth.com/article/65513/cyprus-positions-itself-to-attract-investment-as-brexit-looms Cyprus can also offer mutually beneficial support to the British investment fund sector post-Brexit. Brexit Axa IM makes raft of ESG hires News Aggregation Team Tuesday, September 18, 2018 1:00 am http://europe.managersofwealth.com/article/65488/axa-im-makes-raft-of-esg-hires As part of the initiative, the group has created a central responsible investment team, which focuses on thematic research, corporate governance, shareholders engagement and developing quantitative solutions. Brexit