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

28% of HNW Brits have no measures in place to address IHT

Many more people will be impacted by inheritance tax in the future

Schroders Solutions wins LDI Manager of the Year at the European Pension Awards 2023

This led to overwhelmingly positive feedback from existing clients and supported new mandate growth with multiple new clients having been onboarded over the last 12 months.

HSBC won't be squeezed as much on interest rates, as it announces fresh share buyback

So while the net interest margin will have peaked, it won’t have to fall quite so much as its listed peers.

BP earnings disappoint but shareholder distributions a pleasant surprise

This considerable slump is largely attributed to lower refined product prices and a weak contribution from oil trading.

Karim Haji, EMA and UK Head of Financial Services at KPMG, comments on June’s Money and Credit Data from The Bank of England

“The economy has moved on somewhat since the period represented by the latest Money and Credit Data."

UK interest rates to rise further but end of hiking cycle in sight

It would be the 14th increase in a row, but would mark a smaller uplift than the surprise 0.5 percentage point hike in June.

BoE's appointment of former Fed chair for review is 'humiliating'

The BoE has clearly failed in its duty to protect the British consumer by keeping inflation at or below 2 per cent.

Cost of living crisis eroding household income by £2,300

After 12 months of double-digit inflation, the UK’s Consumer Prices Index is finally seeing price increases slow.

Are we back to normal yet? Our economic outlook for 2023 and unique opportunities for investors

Climate transition is also opening up new investment opportunities, most notably the mass electrification of the world economy, which is creating unprecedented sources of return.

Demand for independent advice high among HNW individuals

The research did not define the ‘independent’, leaving interpretation of the laden term in the hands of HNW respondents.

Scene set for changes to flexible working in the UK

The Government has continued to state that the right to request flexible working will become a 'day one' right.

ECB raises rates again as European countries buckle under the strain

Unfortunately for the ECB, it is far behind the likes of the US in its battle and as such we are likely to see rates continue to go up for the rest of this year.

Corporate credit quality weaker than markets factor in - Janus Henderson

Tighter financial conditions compounded by weak manufacturing PMIs contributed to earnings downgrades for some firms in the industrials sector.

Novia & Wealthtime rebrand to single group name nears finish

Novia’s rebranding to Wealthtime will be rolled out from mid-September for customers and early November for advisers.

Three quarters of UK small businesses want to spread their deposits after SVB collapse, research shows

Businesses are increasingly aware of the need to spreading their deposits among a number of banks following the collapse of Silicon Valley Bank (SVB) in March this year.

Macroeconomic trends and the private equity sector

Successful investing also needs an understanding of the macroeconomic trends that are likely to inform investor decision-making.

A third of advisers expect fees to increase as a result of Consumer Duty

The Duty has prompted advice firms to review their fee models to ensure they represent fair value.

Can EU bonds rival the German bund?

The European unemployment insurance scheme (the SURE program) started in 2020,

Sergio Ermotti was already scheduled for Credit Suisse

March in Bern it was decided that CS would be integrated into UBS.

Is UBS going for a cut?

In order to realize the growth opportunities opened up by the merger, UBS must introduce new structures and processes and implement savings plans. Job cuts are unavoidable.

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