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

What’s on the horizon for pensions litigation in 2020?

These new powers, which may come into force later this year, are intended to support the Regulator’s tougher approach to pensions regulation.

Leeds businessman subject to first "McMafia" order over alleged links to organised crime has £1.13m frozen

The UWO against Mr Hussain was the first to be solely based on alleged links to organised crime.

Luxembourg’s financial crime watchdog bemoans lack of firepower

The fight against money laundering and the financing of terrorism is constantly evolving.

FCA to return £2.5m to UCIS ‘land banking’ victims

The FCA said these schemes involved the unlawful selling of land plots.

Govt warns on fraudulent CMCs targeting investors

The government also warned paying a fee would not make an investor a “priority creditor”

FCA multi-firm review: asset management portfolio tools

These firms should consider our findings and how they apply to their own organisations.

GAM signs long-term licence deal with SimCorp

The new licence agreement builds on a trusted and long-standing relationship with SimCorp.

Advisers urged to protect their own firms

Last year research showed one in four small to medium size businesses would have to immediately close if a ‘key person’ became critically ill or died.

British companies fined £300m for money laundering breaches

Standard Chartered Bank was handed the largest UK fine last year of £102 million, from the Financial Conduct Authority.

Jersey's Royal Court declares trustee's exercise of power void

This case highlights the importance that trustees obtain detailed legal and tax advice when considering a restructuring of assets held in trust

Guernsey legal and regulatory update

An overview of Guernsey legislative and regulatory developments - 1 October 2019 to 10 January 2020

English Court of Appeal defines the limits of a trustee’s indemnity

The decision is indicative of the limitations that may be applied to trustee indemnities in offshore jurisdictions

Boutique investment bankers face heightened competition from the big players

The drop-off in jumbo tie-ups – and the hundreds of millions of pounds they generate in fees – has pitted star dealmakers at elite firms against boutique advisory outfits a fraction of their size.

FCA begins exploratory review of equity release

Financial regulation expert Andrew Barber of Pinsent Masons, the law firm behind Out-Law, said that the reports were consistent with the regulator's work focusing on consumer protection and good consumer outcomes.

Former RTE producer awarded €100,000 in compulsory retirement case

Before the WRC, RTE argued that there was a compulsory retirement age of 65 and it was justified in order to ensure intergenerational fairness and allow younger people to progress through the organisation.

FCA: insurers must 'proactively' tackle discrimination and harassment

Financial regulation expert Elizabeth Budd of Pinsent Masons, the law firm behind Out-Law, said that the letter "could not send a clearer message" that the FCA was committed to tackling sexual harassment and inappropriate behaviour.

England and Wales 'no fault' divorce plans re-enter parliament

The new bill will begin its parliamentary passage in the House of Lords.

Caribbean Legal Update – Appeal Decisions by The Judicial Committee of the Privy Council (“Privy Council”) in London

The courts can also make orders to put the company back in the position it would have been in had the payments not been made.

European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect

A strict new regulatory regime is dawning upon European firms handling cryptocurrency.

Rotenberg loses sanctions suit against Nordic banks

The court said Rotenberg had failed to prove he was a person living in the European Economic Area and therefore he was not entitled to basic banking services in Finland.

Legal, Regulation & Compliance