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

ESG considerations driving food and drink industry acquisitions

Businesses are increasingly conscious of the importance of ESG in M&A.

Schroders Greencoat eyes deal for scandal-hit solar operator – reports

The infrastructure unit is a leading contender to buy Toucan Energy, which collapsed a year ago amid a local government scandal.

Pensions allowance tax charges hit record high

The total value of LTA charges reported by schemes stood at £342mn in 2019-20. This is a 21 per cent increase from £283mn in the previous period.

Pensions industry fires back at Opperman criticism

Opperman’s remarks went down badly with a number of the industry’s leading voices.

XPS partners with Abrdn to launch DB pensions master trust

“This new solution should really help bring governance and efficiency improvements to the benefit of thousands of pension scheme members."

Pension providers call for personalised advice rules

“UK’s advice rules (from MiFID) prevent firms providing personalised support to customers given the liability risk," it said in its submission.

Government authorises use of dormant pension assets to "change people's lives for the better"

The UK Government has now announced an expansion of the scheme, which will be expanded to cover pensions, insurance, investment and wealth management accounts.

€43bn pension fund cuts external fund exposure by half in two years

Assets under external management hit lowest levels for nearly a decade, as Swedish group focuses on interal efforts.

Pensions platform Guiide considers institutional funding

Primarily the new funding will be used to develop Guiide+, an extension to its free online pension modelling tools.

Northern Trust Supports AMF

The implementation of the directive demanded important changes and enhancements to pension fund providers’ business models spanning risk management, governance and member communications.

Ban unregulated Sipp investments, say advisers

‘It’s important that a few bad apples don’t spoil the bunch’

International pension provider acquires Malta-based retirement scheme

It is also permissible to transfer from the vast majority of UK-registered personal or occupational pension schemes because the Scheme is registered with the UK revenue authority (HMRC) as a Recognised Overseas Pension Scheme (ROPS).

Aegon calls for pension contribution limit rise for non-earners

Analysis by the provider showed that this contribution limit was 21 per cent of average earnings when it was introduced in 2001.

FCA proposes rules for pension providers

The FCA’s proposals require pension providers to be ready to receive requests to find pensions and search records for data matches, as well as supply specified information for consumers to view on their chosen dashboard.

Opperman says rules make it impossible to compare pensions

The DWP launched its consultation on flat fees and structures last year, moving to ban flat fees for pots under £100 and considering more broadly the structure of charges allowed within the charge cap.

Dutch pension fund invests in Polestar’s circular economy debt fund

Polestar Capital is targeting expansion of the fund to €400 million within a year, driven, it hopes, by the Netherlands reputation as a leader in recycling and product re-use.

UK ombudsman unveils pensions dishonesty unit

To investigate breaches of trust, misappropriation of funds and fraud by scheme trustees

Opperman fails to give timings of AE reform

The way in which we do that and the phasing of that is still a matter of ongoing debate within government.

ZEDRA bolsters Pension Services offering with acquisition

ZEDRA’s Pension Services now consists of five offices in London, Reading, Leeds, Birmingham and St Albans and increases headcount to 70 dedicated Pensions experts and support staff.

Moret: Is it time to kill off the Sipp?

Moret said these proposals represented a “strange outcome” given that Sipps were created to do the opposite - offer investors greater investment choice.