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

Prudential cuts chief’s payout by £3m despite higher profits

Notwithstanding his exceptional leadership and personal performance.

James Hay set to increase platform prices

To develop technology

Pressure grows on Co-op Bank over pension deal: Bank of England calls for swift action to split up group's £10bn scheme

The pension trustee could require it to pump millions of pounds into the scheme, which has 89,000 members, at a time when its finances are already under huge pressure.

Sipp providers forging deals with robo-advisers

One of these firms was Flying Colours, a low-cost online and phone-based advice service set up by former employees of Octopus Investment.

Barclays seeks to allay fears over pensions impact on dividends

Bank says retirement costs have been taken into account and will not hit payouts

Court decision sees Harlequin edge closer to liquidation

A Harlequin spokesperson said the company will be appealing the decision, and claimed it has been “advised by Counsel in the Caribbean that it has a strong prospect of success

UAE-UK tax rule frees up offshore pension transfers

This has already happened in several states in America, and it is likely to become more and more of a problem as ageing populations reach retirement age and find that there is just not enough saved in their pension pots.

Willis Towers Watson launches low-cost asset management service

Consultancy to create one-stop shop for large investors, to reduce costs significantly

Pension Life slams government and regulator in its response to scam consultation

The damning indictment from Pension Life, set up to identify and prevent pension scams, close loopholes in pension law and rescue victims of pension fraud, can be viewed here.

Q1 2017 Pensions Action Plan - Osborne Clarke

Developments are colour-coded to show how quickly trustees need to respond to them.

UK Expats Should Consider Final Salary Pension Transfers

The figure is calculated by the scheme actuary who follows pre-determined guidelines based on principles such as how many years left before retirement, personal circumstances, average life expectancy and so on.

Global pension fund assets edge upward in 2016

Growth in defined contribution assets continued to outstrip that of defined benefit assets, with DC assets now accounting for over 48% of global pension assets, compared with around 41% in 2006.

UK financial regulator acts on pension scam risk to British expats in the UAE

The FCA’s alert applies both to domestic UK and international pension transfers.

Tax campaigners question fairness of tax increase on foreign pensions

It is potentially unfair to those in receipt of foreign pensions because they can incur extra costs when it comes to getting that money.

Advising on pension transfers – our expectations

Transferring pension benefits is usually irreversible

Co-op Bank takes £50m pension hit

The agreement follows months of negotiations between the two sides and is the result of an April 2014 triennial valuation of the fund’s assets and liabilities.

UK pension funds launch climate change 'toolkit'

FTSE Russell is the data partner.

UK pension funds threaten revolt over executive pay

Schemes to take tougher line on re-election of directors responsible for remuneration

Fidelity sets aside £3m for pension processing error

The provision in our accounts is for the cost of the work necessary to ensure this has been looked into and corrected.

UK Compensation: Choppy Waters

It also suggests changes to the valuation timetable and the acceptable length of recovery plans.