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

€2.5bn cost of Mifid II rattles asset managers

Mifid II could have a “one-off” impact on the company’s cost to income ratio

Fee-based 1% model ‘overcharging’ UK clients, study finds

The firm is now calling for the industry to adopt a flat-fee model, which it describes as “fairer for individuals”.

Link Financial’s portfolio acquisitions hit €580m in 2016

Link also announced it secured a deal in October to acquire banking group BBVA’s Italian consumer finance business for just under €100m.

Citigroup searches for post-Brexit hub away from London

Bank confirms talks with EU countries over site of new HQ – and warns other financial firms will follow.

Lifetime ISA two months off, but still not trending with millennials

The new tax wrapper is open to those between the ages of 18 and 40

Disclosure to HMRC trumped by legal privilege?

The Law Society has indicated that it does not want to be in conflict with HMRC

Beyond economics? by Peter Andrews, Chief Economist, FCA

My perspective is that we must discuss how economics and other disciplines can help regulation because the challenges regulators face are large and chronic. Here is a brief historical detour on the point.

BoE speech on Market Functioning at the OMFIF City Lecture

He then explains how the Bank’s analysis of market structure shaped the design of our corporate bond purchase scheme, and how the scheme may have affected the functioning of the market.