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

Quarter of UK workers cancel insurance policies

Additionally, there was a similar increase in the number of people cutting back pension contributions for the same reason, rising from 4 per cent to 9 per cent.

HSBC fined £57.4m for FSCS failings

The failings included a failure to accurately identify deposits that were eligible for Financial Services Compensation Scheme (FSCS) protection.

Ownership of UK government bonds drops to lowest level since 1996

This translates to just 0.2% of the £2trn in gilts that are now in the hands of individuals in the UK.

Addleshaw Goddard: Financial Services & Banking News

The Handbook Notice also contains a summary of the changes made, consultation feedback and the dates of forthcoming FCA board meetings.

ECB holds for now but weakening economy could prompt move towards cuts

The ECB will also be keeping a watchful eye on the labour market in the coming months.

Addleshaw Goddard: Financial Services & Banking News

The FSB will also prepare a further progress report on achieving consistent climate-related financial disclosures.

Monetary policy decisions

The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner.

Fos rules True Potential adviser persuaded pensioner to switch

The Financial Ombudsman Service has upheld a complaint against the company ruling it did not treat the pensioner in a “fair or reasonable” way.

The problem of divergence in EU Foreign Investment review: will the proposed EU FDI Screening Regulation close the gaps?

This post details the key features of the reform to the Regulation, considers whether they address the issue of significant divergences between screening mechanisms, and highlights some of the main impacts that investors need to be aware of going forward.

The EBA publishes its heatmap following scrutiny of the interest rate risk in the banking book

The heatmap discloses policy aspects that will be subject to further scrutiny, and corresponding actions in the short to medium and long term.

The Real Time Gross Settlement service: an open platform to drive innovation - speech by Victoria Cleland

Victoria Cleland describes how the Bank of England is enhancing its core payments infrastructure and policies in the light of the opportunities arising from innovation and new technologies in the payment landscape.

TLT completes acquisition for Aryza Group

Aryza is a global software and technology provider that specialises in delivering solutions for business across the credit and debt cycle.

Adepa agrees to acquire Fidupar pending regulatory approval

The acquisition will open opportunities in new markets for Adepa, such as France and Belgium, noted the announcement.

Individual charged with fraud over unauthorised investment scheme

He falsified documents in order to support some of his claims.

CP2/24 – Solvent exit planning for insurers

Consultation paper 2/24

Navigating tomorrow - Risk Management, Compliance and Financial Resilience

The top risks firms are most focussed on are ESG, regulatory change and market uncertainty.

Dutch activists sue ING: "Climate crisis banker" funds firms "that endanger our future"

ING reported in 2022 that it is responsible for the emissions of more than 61 million metric tons of greenhouse gases.

How EU’s latest AML laws impact HNWIs and property ownership

Renowned for their substantial wealth, these individuals now find themselves under intensified scrutiny.

FCA manager loses legal battle to work from home

Elizabeth Wilson, a £140,000-a-year senior manager, loses her appeal to work from home on a full-time basis at a Croydon employment tribunal.

Regulated firms failing to adopt open banking or verify source of funds manually

These concerning figures are from a 2023 SmartSearch survey of 501 compliance decision-makers across regulated firms in accountancy, property, finance and legal services.

Legal, Regulation & Compliance