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

Frenkel Topping warns of lower earnings in second half

It blamed this on the underperformance of Partners in Costs one of the UK’s leading costs law specialists – and amendments to charging structures due to consumer duty.

Octopus Ventures implements new and enhanced VCT fund management structure

This new leadership structure will help facilitate and deepen collaboration and knowledge sharing across the VCT funds managed by Octopus Ventures.

Baillie Gifford’s McCombie ‘wanted more’ from HL takeover bid

Baillie Gifford UK Growth manager Iain McCombie says that he has ‘mixed feelings’ about the price offered to take Hargreaves Lansdown private.

Over two million high-balance fixed-rate savers missing out on potential ISA gains

Approximately 70% of fixed-rate non-ISA savings accounts are due to mature over the next 12 months, the majority of which are held in one-year fixed-rate accounts.

Royal London announces rebrand of equity release business

An ageing population, with many who find themselves with property wealth but insufficient pension savings to support their desired standard of living, creates a real need for later life lending options.

Toscafund’s retreat from focus on financials marks end of an era

Top London investor undergoes restructuring after departure this year of ex-Tiger fund manager Johnny de la Hey

CaixaBank to expand mobile office services

The bank provides financial services with its mobile offices to 340,000 local residents whether they are clients or not.

Private equity circles Grant Thornton’s UK business

The process, which is being run by Rothschild, is expected to value Grant Thornton UK between £1 billion and £1.5 billion.

Very good half-year result for Vaudoise Insurance Group thanks to higher investment income

In non-life insurance, written premiums in German-speaking Switzerland recorded a sharp increase of 5.9%.

Private equity circles Grant Thornton’s UK business

Carlyle, Blackstone, Permira, CVC Capital Partners and Bridgepoint are among the buyout firms weighing potential offers for Grant Thornton UK ahead of a deadline in September for formal expressions of interest

Insurance group Generali rebrands Irish operations after Liberty purchase

New brand RedClick has existing customer base of about 250,000 in Ireland for car and home insurance

The real reason for the recent market turmoil

The blink-and-you-missed-it correction has been explained in several ways, none of which holds much water.

Advised platform gross flows remain high but outflows continue to rise

The continuous rise means that, overall, advised outflows are up 30.35% year on year.

Berenberg Bank Increases Derwent London Price Target

Berenberg Bank has raised its price target on Derwent London, a notable player in the commercial real estate market focussed on central London properties.

Pension Geeks partners with Royal London for Pension Awareness Week 2024

The campaign’s new partner Royal London has been involved for several years as an ambassador, providing behind the schemes support, live shows and promotional activity.

What real estate fund managers need to know about domiciling in the Channel Islands

These numbers are particularly remarkable considering The Islands have a population of fewer than 200,000 and span only about 120 square miles.

Scottish Widows closes Ethical fund

The pensions firm says the fund failed to meet its investment objective.

Premier Miton pair dump FTSE put as UK recovers

Gervais Williams and Martin Turner remove derivative protection from Diverse Income as the UK equity income trust reports a rebound in performance.

AIG Life staff face redundancy following Aviva deal

This means that roughly 60 members of AIG Life’s staff will be made redundant.

Spanish funds reach record €37bn in July amid strong net inflows

The market’s expansion was driven by net subscriptions, which amounted to €14.8 billion year-to-date.

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