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

Italian funds appoint Neuberger Berman to run joint private equity mandate

The five investors in the consortium are Foncer, Fondenergia, Fondo Gomma Plastica, Pegaso and Previmoda.

Platform growth to continue despite end of DB 'sugar rush'

Data from the Lang Cat showed assets on advised platforms grew by 4.5 per cent in the second quarter of this year to £418.4bn but net flows were down 1.76 per cent in the quarter to £5.2bn.

Catella advised in the divestment of Chr. Hansen’s expanding headquarter north of Copenhagen to PensionDanmark

The expansion project includes establishment of a modern innovation campus with laboratories for an additional 250 scientists to be completed in 2022.

Govt told to increase state pension age to 75

The state pension bill has increased from £17bn in 1985/86 to £92bn in 2016/17, representing an increase from 3.9 to 4.6 per cent of GDP.

Pension funds join class action against five banks

The claims are being made against Barclays plc, Citibank, Royal Bank of Scotland plc, JP Morgan and UBS.

FCA plans clampdown on unsuitable pension transfer advice

The Financial Conduct Authority has today published a package of pension related proposals designed to improve the quality of pension transfer advice, and to help consumers get better value from their pension.

National adviser supports FCA Ban

The FCA proposes to ban contingent charging, which is the practice where the consumer only pays for advice if they elect to transfer.

When to consolidate your pension pots

A large number of people even have pensions they have forgotten about, with the Association of British Insurers (ABI) estimating that more than 1.6 million pension pots in the UK worth £19.4 billion are ‘lost.’

What high earners need to know about the tapered annual allowance

The annual allowance is a limit to the total amount of contributions that can be paid to defined contribution pension schemes and the total amount of benefits that you can build up in defined benefit pension scheme each year, for tax relief purposes.

Four more master trusts get regulator’s green light

Under the new registration process, master trusts have to hold enough capital to cover the cost of a worst-case scenario

Head of private equity at Dutch pension giant APG to step down

Head of fund investments Greg Jania and head of co-investments Ken Bloomberg will co-head the firm’s private equity program

Rolls-Royce's record pension buy-out advised on by Mercer

The company – which would enter insolvency in 2019 anyway – transferred over to the Pension Protection Fund (PPF), a government-backed pensions lifeboat.

Final step taken in CMA reform of investment consultants

The CMA has issued its legally-binding Order to help pension trustees make better decisions for £1.6 trillion of retirement assets that they oversee.

Pension deficits increase £63.5bn in May

Other DB scheme indices also showed a hike in pension shortfalls.

Spain’s Caixa boosts risk off allocation

Caixa’s equities allocation generated a loss of 8.6 per cent in 2018 compared with a 10.5 per cent gain in 2017, of that, Eurozone equities lost 14.8 per cent while its frontier markets allocation fell 15.1 per cent.

Hargreaves platform back to running normal

A spokesman for the company said: "A few people had issues logging into their accounts for a short time. Everything is working normally now."

HMRC Makes Reclaiming QROPS Transfer Charge Easier

The main reason for such a claim would be an expat moving to the same country as where their QROPS is based.

AJ Bell inflows fall as DB transfers slow down

The platform added 10,000 new customers during the quarter, to bring the total to more than 200,000, with assets under administration on the platform rising by 9 per cent to £40.6bn.

Four lessons the UK’s pension industry can learn from Australia and New Zealand

In the UK, employers and payroll are integral to the ‘nudge’ theory of auto-enrolment

Report: Pension de-risking 2019

It will be increasingly important for those interested in de-risking to be ahead of the curve as the dynamics in the market change.

Pensions