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

‘Holistic reform is needed’: The big CGT wealth question

Any reforms that bring capital gains tax in line with income tax need to consider the impact of Jeremy Hunt’s decision to freeze the allowance, the industry says.

Patricia Amberg: «It is Like a Club For Private Collectors»

Client needs in that respect are very different and strongly contingent on how advanced they are when it comes to collecting art.

Cost of Living City Ranking 2024

Mercer’s annual Cost of Living City Ranking provides valuable trends and insights for those who need to make informed decisions about global mobility operations

Advisers realising Consumer Duty has ‘real teeth’, Schroders finds

Meanwhile, 63% of advisers think that the fair-value outcome of the Consumer Duty will put pressure on ongoing charging models, up from 59% a year ago.

Schroders UK Financial Adviser Pulse Survey 2024

Client optimism reaches highest level since 2021 with investors edging back to markets

Kermitted Asset Management: ‘Who cares?’ wins

The chairman has something to say but this time he needs to get in line

Nucleus cuts 10 sales and marketing jobs following Curtis Banks takeover

Private equity-backed platform said that when businesses are combined, there will inevitably be ‘some areas of duplication’.

International use of the euro remained broadly stable in 2023

The euro also remained the second most important currency globally.

51% see room for improvement in private markets: survey

The survey also revealed differences between GPs and LPs on fee and expense disclosures, with 51% of GPs finding them adequate, compared to only 42% of LPs.

Global Finance Names The World’s Best Sub-custodian Banks 2024

The list of winners of Global Finance’s Best Sub-custodian Bank 2024 Awards follows.

Fresh labour data makes it unlikely Bank of England will cut rates in the short term

Therefore, this on its own is not going to shift the needle for the Bank of England to start cutting rates.

SJP chief says fund groups have ‘ceded too much control’ to proxy advisers

Mark FitzPatrick joins JPMorgan boss Jamie Dimon to criticise proxy firms’ influence over shareholder meetings

More good news for the Bank of England as firms expect wage and price pressures to ease

The Bank of England’s survey covers prices charged across the whole economy, not just in consumer-facing firms.

“Not taking enough risk” is a risk in itself: Jeremy Lauret

As Europe’s population ages, retirement--and funding pensions--are topics that are becoming more important.

Natwest boss open to acquisitions as he predicts more consolidation in UK banking

Natwest has been put forward as a potential acquirer in the mid-sized banking space

Consumer Duty to Customer Centricity Continued

Firms must go further to consider customers holistically.

Single family offices in Switzerland worth $900 billion, study shows

It showed that operators of SFOs were grappling with the prospect of possible regulation for the sector, and eager to establish rules that could oversee and protect it.

Europe’s upturn is here but structural issues remain

Growth is rising, unemployment has fallen to a record low, and normalising inflation means that the European Central Bank (ECB) is ready to start cutting interest rates.

Global high-net-worth population and wealth back to record levels despite global instability

This upward trend offsets last year’s decline and puts HNWI trends back on a growth trajectory.

Report reveals confusion over triple lock

The triple lock means any rise in the state pension will either match the rate of inflation, average earnings or 2.5%.

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