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

Brussels wants to take on the London derivatives market

The European Union (EU) wants to take over part of the €115 trillion derivatives market, which is processed through the City of London.

FSCS confirms unchanged 2022/23 levy forecast of £625m and provides early indication of the 2023/24 levy.

At the end of this financial year, across all classes, any surpluses will be carried forward and used to offset the 2023/24 levy.

Progeny snaps up UK financial planning firm

Deal takes assets under management to nearly £7bn

Investment Week reveals winners of Women in Investment Awards 2022

Ceremony on 23 November

Invesco strengthens ESG criteria for corporate bond and emerging markets ETFs

Policy and methodology changes

Global insurance broker sets up Germany operation

To expand its healthcare offering for expats

IQ-EQ Guernsey set to move to island’s first BREEAM rated building

Admiral Park is Guernsey’s premier location for large offices, with a number of financial services institutions already in situ.

B&CE rebrands after 80 years

Collectively, those schemes have built up more than £17bn to provide for members’ retirements.

Helvetia relieves itself of interest payments

In the past, the all-insurer has repeatedly resorted to hybrid bonds to also finance its growth.

Edinburgh Investment trust NAV fell 8.2% partly blaming 'self-made' UK problems

Discount 10.6%

Zurich boutique’s property fund postpones capital increase

At the end of June, the real estate portfolio’s market value stood at CHF 1.48bn.

Novia exec foresees advisers paying part of clients’ platform fees

Neilson said hybrid pricing - ie, an adviser paying part of a client’s platform fee - would contribute towards “added benefits”, such as a platform drastically cutting down the time it takes advisers to complete manual processes.

Pension savers lose £1.7bn on retirement transition

Members are open to risks such as pension scams and erosion of value that has taken decades to grow.

Ox Capital Management launches ex-Japan Asian equities fund

Ongoing fund charge 90bps

PartnerRe and Zurich seal longevity swap

The transaction covering pensioner and non-pensioner members insures the majority of the risk that members live longer than expected and is a key milestone towards the trustees' plan to secure all benefits.

Predicting the future is futile – how investors can guard against useless forecasting

Henry says we just have to look at the 2016 US Presidential election to see how wrong predictions can be sometimes.

AllianceBernstein and Societe Generale announce plan to form joint venture to accelerate growth in cash equities

The joint venture would combine Bernstein Research Services' premier global equity research and execution platform with Societe Generale's equity research and execution capabilities to form a leading global cash equities and equity research busi

Santander cuts mortgage tracker rates by more than 1%

Tracker rates follow the base rate

abrdn shutters Emerging Market Local Currency Bond fund

$20m assets under management

Baillie Gifford European Growth trust NAV tumbles 40%

Optimistic about current opportunities

Alternative Investments