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

UK Pensions: What’s new this week? April 20, 2026

HM Treasury has published a response to the House of Lords Economic Affairs Committee report on changes to inheritance tax which will take effect from April 6, 2027.

Italy fines Poste Italiane and PostePay over alleged personal data access

Poste Italiane plans to appeal to the Court of Rome seeking annulment of the decision.

FCA and PRA ease SMCR rules to cut burden and support growth

The regulators said the updates will make it easier for firms to comply with SM&CR, while preserving its core principle of senior manager accountability.

FCA publishes findings from financial adviser market survey

Overall, it shows a market that remains broadly stable and continues to support millions of clients, even as firms adapt to consolidation, new business models and technology.

Sapia agrees to pay more than £19m to WealthTek clients after failing to protect client money

This resulted in Sapia holding and being responsible for protecting client money resulting from WealthTek’s activities.

PS12/26 – Review of the Senior Managers and Certification Regime (SM&CR) − Phase 1

It ensures that appropriate senior decision-makers are identified and that these individuals are clear as to their responsibilities and accountability.

FCA and PRA confirm changes to streamline senior manager accountability and boost growth

The Government also proposes giving more flexibility to the regulators to further reduce the number of senior management functions (SMFs) which require pre-approval.

FCA leads first crackdown on illegal crypto trading

Peer-to-peer trading is when individuals buy and sell crypto directly with each other, rather than using a centralised exchange and requires appropriate registration.

The Federal Council opens a consultation process on the equity capital backing of foreign holdings in the parent company of systemically important banks.

Swiss banks are currently only required to partially back their investments in foreign subsidiaries with equity capital.

19 Farrer & Co solicitors featured on the Pro Bono Recognition List 2026

Bar Council and all major pro bono legal organisations, the Pro Bono Recognition List celebrates the valuable contribution of individual lawyers at firms and organisations of all sizes who provide pro bono legal help.

Join the Financial Services Consumer Panel – vacancies now open

Panel members provide constructive challenge and expert advice to help ensure the consumer perspective is fully embedded in the FCA’s policy development and implementation.

National Security Regulation & Investment Risk: Quarterly Update from Washington

It increasingly sits alongside antitrust, tax, and core regulatory analysis as a mainstream workstream in cross-border strategy and execution.

Rolling out AML reforms in the EU’s smallest nation

Alfred Zammit, director of the Financial Intelligence Analysis Unit (FIAU) in Malta, outlines the ongoing changes

Pension Schemes Bill returns to the Lords

The government intends these reforms to improve outcomes for savers and encourage pension schemes to invest in the UK economy.

Statement by Christine Lagarde, President of the ECB, at the fifty-third meeting of the International Monetary and Financial Committee

The adverse effects on the global economy from the war in the Middle East primarily stem from the sharp increase in energy prices.

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