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

Square Mile adds eight fund ratings to Academy

Veritas and Baillie Gifford see fund downgrades

Parmenion adds five funds to ESG portfolios

Including Schroders, JP Morgan and Carmignac funds

Allianz reports record operating profit and is fully on track to achieve full-year outlook

The operating profit has reached a record level of 4.2 billion euros (1Q 2024: 4.0 billion euros), an increase of 6.3 percent, supported by growth across all segments.

German property bank PBB to shun new US business, citing Trump volatility

The lender, also known as PBB, said it would evaluate "all options" for its existing U.S. business, without elaborating.

Allfunds launches a first tranche of €80m of its €250m share buyback programme

The majority of the Shares acquired by Allfunds under the SBB Programme will be cancelled and the remaining repurchased Shares may be used for the purpose of satisfying awards under Allfunds’ employee share plans.

Quilter expands savings account functionality with new CashHub MultiBank

The service now includes access to CashHub MultiBank which enables deposits to be automatically diversified across multiple banks.

Resilient business model shines for Compass as it grows ahead of peers

Growth has been driven by net new business wins, which at 4.4% was within the group’s target range, with pricing and volume also positively contributing.

Infrastructure: Global investors, investing locally

Hannah Smith speaks to investors about the increasing infrastructure opportunities in AI, renewable energy and utilities

Scottish Widows pays 98% of protection claims in 2024

More than 11,500 customers and their families benefited from pay-outs, covering 9,939 life and 1,609 critical illness claims.

The IA and SWFI unite to spotlight UK as global investment hub

The UK is the second-largest investment hub globally, behind only the United States.

Liquidity: Magic Word and Magic Cure in Succession Planning

Ari Financial Group, which recently established a presence in Zurich, offers this demanding clientele with complex needs flexible insurance solutions that focus on liquidity.

Dai-ichi Life to raise stake in UK asset manager Capula to 15%

Capula, established in 2005, specialises in fixed-income arbitrage, crisis alpha, and global macro strategies.

Pension industry aligns on UK growth with Mansion House Accord

The government expects the initiative to unlock up to £50bn for private markets, including around £25bn for UK businesses and infrastructure projects.

Brace for Reform UK’s war on ‘woke’ pension investments

Farage & Co could make a big splash at the pool party

Evelyn Partners launches Cash & Cautious Bond strategy into the financial adviser market

Bespoke portfolio service will help advisers and their clients navigate a period of global uncertainty and falling interest rates

SEB launches private debt fund with Capital Four

SEB is initially offering professional investors the opportunity to invest in the fund but will eventually invite non-professional investors as well.

Retirees not confident their private pension savings will last for life

Over a quarter (26%) reported feeling financially secure, with women (19%) feeling less financially secure than men (32%).

Norway wealth fund revokes exclusion on Germany's RWE

The Norwegian fund said that several milestones with regards to the phaseout have already been reached.

Retirees target pension pot would only last for 11 years

Based on survey responses, the average personal pension savings goal is £253,701.40, intended to fund an annual retirement income of £30,050.20.

There’s a ‘lack of understanding’ around ESG funds, says L&G

Laud added that the cost of doing business in asset management is rising across the board, with the industry now ranking as the second most fragmented in the world.

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