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

St James’s Place under renewed fire over exit fees

New customers sold products with high charges days before new fee structure takes effect

Brex enters European market with new EU Payment Institution licence

Brex has already established Dutch offices with a full board and sales, operations and customer success teams.

Devon man guilty over £1m Ponzi scam

The FCA said it will begin confiscation proceedings to recover the proceeds of crime.

Bank rate cut brings cash alternatives into spotlight: What big cash savers can do as savings rates fall

The Bank of England cut the bank rate from 4.25 per cent to 4.00 per cent today as the monetary policy committee judged, in a split decision, that economic slowdown is currently a greater threat than inflation.

FCA introduces new rules to safeguard client funds

Additionally, all firms must implement monthly reporting on customer holdings and perform daily checks to confirm sufficient safeguarding of funds.

Bank of England to override its inflation mandate and cut rates

The decision to cut rates again is likely to be far from unanimous and may possibly see a return of May’s three-way split.

FCA sets out changes to payment safeguarding rules

Safeguarding means that customer money must be kept separate from the firm’s own money so that it is available to be returned if the firm fails.

Consumer group slams FCA safeguarding reforms as ‘too little, too late’

Safeguarding refers to the practice of keeping customer money separate from a firm’s own finances to prevent losses in the event of insolvency.

ECB publishes supervisory banking statistics on significant institutions for the first quarter of 2025

Supervisory banking statistics also available as interactive reports for first time, providing enhanced user customisation

FCA confiscates over £300,000 from convicted fraudsters

The money will be returned to investors at the earliest opportunity.

Norton Rose Fulbright advises Crédit Agricole Assurances

The Paris-based Norton Rose Fulbright team advising Crédit Agricole Assurances on this transaction was led by Bénédicte Denis

Pensions dashboards could hold key to simplifying IHT and probate, says RSM UK

Former pensions minister Steve Webb has raised his concerns around the additional pressure this puts on grieving families.

FCA issues fines of nearly £46m for failures managing the Woodford Equity Income Fund

Any findings in the Decision Notices are therefore provisional and reflect the FCA’s belief as to what occurred and how it considers their behaviour should be characterised.

The EBA publishes key regulatory products on operational risk losses under the EU Banking Package implementation

In such cases, the RTS allow for a temporary waiver from the requirement to calculate the annual operational risk loss.

EIOPA publishes monthly technical information for Solvency II Relevant Risk-Free Interest Rate Term Structures – end-July 2025

The RFR information has been calculated on the basis of the Technical Documentation.

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