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

HSBC Pension Re-Allocates to De-Risk

There are no prizes for taking on more risk than you need

Payments to expats’ pensions and life policies ‘illegal’ via a ‘no deal’ Brexit

Despite moving to calm fears of millions of expats, Evans admitted that unless politicians and regulators come to an agreement to stop the situation coming to fruition.

LEBC gives lukewarm reaction to Treasury 'technical consultation' on pensions cold-calling

In today’s statement, the Treasury says that as the Government has already consulted on the policy, this “is a technical consultation intended to seek final views on the draft regulations to ensure they meet our policy objectives.”

Spot checks to be targeted at suspect employers

The vast majority of employers are meeting their responsibilities

Overseas advice firm targets expats with defined benefit scheme

Montfort Consult mission to raise the needs of this overlooked population with all parties

CMA proposes pension investment reforms

The CMA has today proposed a number of reforms to the investment consultancy and fiduciary management sector after identifying a range of competition concerns.

Denmark’s MP Pension Stops All Danske Bank Trading

Fund says the bank’s developing money laundering scandal violates its responsible investing policy.

Pension scammers pretend to be regulator

We are grateful to those people who have alerted us to the cold calls

Delay on cold calling ban finally confirmed in Parliament

These would then be debated in Parliament in the Autumn but it seems unlikely that the ban would come into force until 2019 at the earliest.

EU to offer cross-border pension scheme

The scheme is portable among EU member states, and consumers can contribute to their PEPP wherever they may be within the EU.

Danish pension fund must resolve lawsuit in Portugal, UK court rules

BES collapsed in August 2014 and was bailed out by Banco de Portugal, the country’s central bank and designated national resolution authority.

ESMA denies pension funds an extended clearing exemption

Pension funds will have to begin clearing OTC derivatives contracts on 17 August 2018, despite calls for a third extension.

PIMFA Welcomes FCA’s Final Retirement Outcomes Review

Commenting on the report, PIMFA Senior Policy Adviser Simon Harrington said: “This report strikes the right balance between protecting the most vulnerable consumers and encouraging consumers to exercise their individual freedom and choice.'

Offshore investor returns eaten up by Sipp fees

Some are also concerned about the liquidity of the investments, saying selling them on for a profit proved tricky.

European pension plan’s ‘elephant in the room’

The Dutch, in particular, fear IORPs will dominate the market for Pepps.

LEBC calls for fair treatment for self employed

The self-employed not only have to fund these themselves but also source advice on a suitable package of measures to provide them and their families with financial security.

SJP and Tideway hit back at pension transfer promotion accusations

Accused of proactively contacting workers

UK’s first pension consolidator prepares debut deal

The government is keen to encourage these vehicles as a way of better protecting members of poorly funded or governed pension schemes.

Schroders complete GBP2.6bn equity risk deal with SYPA

Schroders worked closely with SYPA and its consultant Mercer to deliver this ‘put spread collar’ approach.

Consolidator warns pension transfer firms on sale risk

Earlier this year the Financial Conduct Authority said it was considering a ban on advisers charging for pension transfer advice on a contingent basis given what it said is the "potential harm to consumers".

Pensions