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

FCA helps people navigate their financial lives with simplified mortgage rules

The package of measures is part of a series of reforms the FCA is undertaking to mortgage rules to help people navigate their financial lives.

General regulatory update – FCA finalised guidance for PEPs, Ancillary Activities Exemption and Assessments of Value

The FCA had reviewed its 2017 guidance in 2024, and found that it was mostly still appropriate but needed some small amendments.

Government reboots Pensions Commission as experts air concerns

The Pensions Commission first ran from 2002 to 2006.

UK borrowing soars just as bond markets crave fiscal stability

Welfare reform was heavily watered down, while winter fuel payments have been reinstated for millions.

Government revives landmark Pensions Commission to confront retirement crisis that risks tomorrow’s pensioners being poorer than today’s

The Commission of 2006 was a huge success, building a consensus for the roll-out of Automatic Enrolment into pension saving that means 88% of eligible employees are now saving, up from 55% in 2012.

Pension Commission must be ‘bold’ to be successful

The reintroduction of the commission was welcomed by the industry with many urging it to be “brave” in addressing pension under saving.

Bank of England Warns of Dollar Liquidity Shock

Financial Instability Heightens Due to Trump; EU, Switzerland, and UK Assess Dollar Risks

Protections to help Buy Now Pay Later borrowers navigate their financial lives

The rules would take effect when BNPL comes under the FCA's remit in 2026.

The PRA’s approach to waivers and permissions under Own Funds (CRR) Part

This SoP is relevant to banks, building societies, PRA-designated investment firms and PRA-approved, or PRA-designated, financial or mixed financial holding companies.

Spain violated EU rules by meddling in banking merger, says Brussels

Warning comes as European Commission pushes for more bank mergers to boost European financial sector’s fire power.

Mansion house speech – uk government's campaign for growth

The government revealed its plans to encourage economic growth by promoting investing to the UK population and loosen banking regulation.

FCA fines Barclays £42 million for poor handling of financial crime risks

In the first case, Barclays Bank UK PLC failed to check it had gathered sufficient information to understand the money laundering risk, before opening a client money account for WealthTek.

Getting liquidity where it is needed − speech by Nathanaël Benjamin

Given at OMFIF Economic and Monetary Policy Institute

Ashurst advises Alpaca on acquisition of UK-based wealth management platform WealthKernel

This strategic acquisition will bring WealthKernel’s UK and EU licensed brokerage infrastructure to Alpaca, supporting their rapid global expansion to achieve its mission of opening financial services to everyone on the planet.

Seven crypto ATMs seized and two arrested on suspicion of running illegal cryptoasset exchange

During the search, seven crypto ATMs were also found and seized by the FCA.

Signa proceedings: Charges against René Benko for fraudulent bankruptcy

Charges of fraudulent bankruptcy on facts from the insolvency proceedings of René Benko

FCA lowers costs for businesses raising capital in support of growth

The changes will lower costs for companies and widen access to investment opportunities for consumers.

FCA and PRA cut senior manager regime red tape to help boost growth

The changes will make the regime more effective and efficient and drive growth in financial services.

Redress system reforms to prevent compensation delays and provide predictability needed for innovation

The changes will help firms identify and resolve issues before complaints escalate and aim to give greater predictability, so businesses have confidence to invest, innovate and support UK growth.

FCA sets faster targets for authorisations

The targets also give firms some time to address feedback and remedy issues, reducing, but not eliminating, the risk of increased refusals.

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