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

House of Lords votes to scrap government power to mandate where pension schemes invest

It comes as a blow to pensions minister Torsten Bell, who has been adamant about keeping the reserve power

UK Upper Tribunal decision on obligations of those in investment management distribution chains

The FCA’s Conduct of Business Sourcebook (COBS) imposes suitability obligations on firms that manage investments

PS7/26 – Operational resilience: Operational incident and third-party reporting

It will also support the identification of critical third parties (CTPs) and assess where critical nodes of failure could arise.

The EBA issues revised list of ITS validation rules

Competent Authorities across the EU are reminded that data submitted in accordance with these ITS should not be formally validated against any rules that have been deactivated.

Pressure mounts on FCA as MPs call for regulatory overhaul

The group warned the UK risks repeating past mistakes unless there is a comprehensive examination of how financial regulation operates and how regulators are held accountable.

Creating a redress system that works better for consumers and firms

A redress system works best when it is clear, simple to use and trusted – both by the consumers who rely on it when something goes wrong, and by the firms expected to put things right.

Modernising the liquidity framework for banks and building societies - speech by Phil Evans

Given at University of Leeds, Cloth Hall Court, Leeds

FCA sets out its 2026 regulatory priorities for the Retail Banking sector

There is recognition of the significantly changing landscape of retail banking as people use branches less and digital channels more

Financial advisors need to engage with all clients

It’s important for financial professionals to listen to women, and for women to take an active interest in their finances

FSCS 2026/27 budget delivers efficiency and readiness

The enhanced RCF will also help better protect public funds if a major default occurs, supporting the stability of the UK’s financial services sector.

Surrey advice firm declared in default by the FSCS

The FSCS said it had already received five claims against the firm for pensions advice, with one upheld

Five key areas of financial planning ahead of 6th April 2026

Many wills were often prepared at a time when asset growth and frozen thresholds had not yet increased inheritance tax exposure.

Parliamentary group calls for overhaul of UK financial regulation

All-Party Parliamentary Group (APPG) on Investment Fraud and Fairer Financial Services is pressing for a Royal Commission

Reforming cross-border payments – speech by Andrew Bailey

Given at the FSB Payments Summit

ESMA sets out actions to simplify the retail investor journey and make investing more accessible

As part of this follow up work, consumer testing will be used to inform and validate improvements to disclosures and digital investor journeys, including for mobile-first users.

TPR urges vigilance after rise in impersonation fraud against pension savers

The criminals get hold of savers’ personal information and use it to breach security checks and access their accounts.

Pressure grows on Reeves to water down salary sacrifice changes as Lords increase cap to £5,000

In one of five defeats for the government at the House of Lords stage, the pension salary sacrifice cap has been increased to £5,000, from the original £2,000 proposed.

Man jailed for running illegal sale-and-rent-back scheme targeting struggling homeowners

Mr Gill has been sentenced to two and a half years in prison for running a sale-and-rent-back scheme without being authorised and illegally providing credit agreements and mortgages.

Eurosystem Unveils Appia Roadmap for Europe’s Tokenised Finance

It will bring together the Eurosystem as well as public and private sector stakeholders, with the aim of building integrated, innovative and resilient tokenised wholesale financial markets in Europe.

German central bank abandons controversial overhaul

The enormous 1970s brutalist concrete building had become synonymous with the Bundesbank and was said to reflect its culture of fostering economic stability.

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