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

FSCS declares County Durham-based British Steel firm in default

D&G Financial Services is no longer trading

UK pension firms issued dispute resolution guidance following Court of Appeal decision

The Court of Appeal’s judgment means that if an overpayment is disputed by the scheme member, the scheme trustee must apply to the county court to enforce a PO determination upholding the repaying of that overpayment.

The Pensions Regulator staff launch fresh round of strike action over pay

Regulator ‘disappointed’ as PCS union members begin fresh strike today

ESAs consult on draft implementing technical standards specifying certain tasks

These ITSs and the requirements they set out are designed to enable future users to be able to effectively harness the comprehensive financial and sustainability information centralised on the ESAP.

FCA hands adviser warning notice over DB pension transfer advice

“This was despite knowing that each of these steps was a necessary prerequisite to providing a personal recommendation,” the FCA said.

Meta appoints Dentons to new EMEA Panel

The firm's global relationship with Meta has developed through years of collaboration.

Money market report for the week ended January 5, 2024

Information on ECB monetary operations and the domestic Treasury bill market

Former MPC member claims BoE will not be able to cut interest rates in 2024 - reports

DeAnne Julius

Triple lock 'the elephant in the room' impacting saver sentiment

Follows the chancellor’s 2p cut to NI which took effect on Saturday

New NPL Law in Germany

This new law could significantly change the market for NPLs.

FOS says True Potential ‘non-advised sale’ was actually advice

National advice firm to pay compensation for unsuitable fund switch after FOS says ruling does fall within its remit.

FOS says True Potential ‘non-advised sale’ was actually advice

National advice firm to pay compensation for unsuitable fund switch after FOS says ruling does fall within its remit.

The Overseas Funds Regime

The CP does not include a date for the start of the new regime, although the FCA previously indicated it expects to start processing applications in Q2 2024.

FCA doubles cancellation of non-compliant firms

The regulator cancels over 1,200 firms and cracks down on misleading adverts

Authorised push payment fraud and mandatory reimbursement

The scheme will be implemented through the PSR giving directions to Pay.0UK, the independent operator of the Faster Payments scheme.

New Year cheer: Financial services leaders upbeat for first quarter outlook despite inflation and interest rate concerns

New research from KPMG UK reveals over eight in ten leaders of financial services businesses are confident about short-term growth prospects

Lighter regulation needed to attract ‘captive’ insurers to London

Calls by industry come ahead of promised UK government consultation on new regime

Europe’s top securities regulator warns on risks from leveraged trades

Esma’s Verena Ross says efforts to monitor and curb bets that use borrowed money need to go further

Euro zone government bond yields rise but still close to multi-month lows

Bond traders mentioned outsized moves based on thin liquidity in the last weeks of December when the Bund yield dropped below 2% before reversing sharply above that threshold.

PRA Regulatory Digest - December 2023

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.

Legal, Regulation & Compliance