- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

FCA secures contract changes for buy-now-pay-later customers as more consumers use the product

The news comes as the FCA has secured further changes to potentially unfair and unclear contract terms for unregulated BNPL firms.

Firms struggle to adapt to expectations of Gen Z

In this environment, employers who are looking to fill crucial roles have been clambering over each other to make themselves more attractive to talent than their competitors.

After a peak in UK interest rates, what’s next?

This combination suggests that interest rates have peaked and we expect the Bank of England (BoE) to leave rates unchanged for a second consecutive meeting when its monetary policy committee next reports on 2 November.'

Housing market remains muted but NS&I sees huge spike in deposits

Mortgage rates have been steadily dropping but they are still eye wateringly expensive.

Money market report for the week ended October 27

ECB keeps interest rates unchanged

Why Britain’s troubled wealth managers could be a savvy bet for investors

The UK’s biggest wealth manager St James’s Place has seen its value fall by more than 40 per cent this year, while rival Quilter has fallen by more than 15 per cent.

Britain's wealth managers on the ropes as their own shares plummet

The biggest loser has been St James's Place, whose shares have dived by 44 per cent – or £2.6 billion – after the consumer duty regulations came into force in July.

UK regions with biggest fall of wealth since COVID pandemic

The findings highlighted that the decline has not been distributed evenly across the country.

Which region has suffered the most from UK’s £2.2 trillion fall in wealth?

This means that the decades-long wealth boom, supercharged by the era of super-low interest rates over the 2010s, has been brought to an end.

Inflation eats away at wealth

The real value of fortunes has been eroding during the past two years at its fastest rate in more than four decades

How understanding our psychology could help when investing

It can give us insight into our reactions and the impact our decisions can have when trying to get the most out of our investments over a period of time.

October 2023 euro area bank lending survey

The net percentage of banks reporting a tightening moderated slightly compared with the previous quarter but was slightly higher than banks had expected in the previous quarter.

Cash savings over the short term

In the current financial situation, with the background of ongoing wars, higher borrowing rates and the ongoing fallout from the Truss-Kwarteng budget there is an argument to be made for holding a higher proportion of short term savings in cash.

Building the optimally sized equity portfolio of global leaders today

The test conducted indicated that 25-30 stocks is indeed enough to “diversify away” any statistically significant non-systematic risk from a given equity portfolio.

Study reveals wealth managers are overly reliant on intuition and client self-assessment when determining risk levels for clients

Around one in five (22%) say they strongly agree that they rely largely on client self-assessment when it comes to setting risk levels.

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