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

A revision of our market cleanliness statistic methodology

The MCS is based on abnormal stock price movements before takeover offer announcements.

Time running out for payment providers to have their say on new regulatory regime

The new regulatory framework is designed to ensure customer money is safe at all times while held by payment providers, and that customers will be given a swift refund in the event of a company collapse.

Aberdein Considine celebrates success at national legal awards

This recognition is a testament to our team’s commitment to delivering efficient, client-focused debt recovery solutions.

UK ‘digital gilt’ pilot to run independently from Debt Management Office

A gilt is a government liability denominated in sterling and listed on the London Stock Exchange.

Finma opens proceedings against Moonshot private equity platform affiliates

The regulator suspects the persons involved of collectively carrying out activities which are illegal without necessary licences.

Pensioners urged to apply for pension credit as winter fuel payment cutoff nears

In July, the Chancellor announced that the winter fuel payment would be made only to those on low incomes who received certain benefits such as pension credit as of this year.

FCA bans director following grievous bodily harm conviction

Mr Harris continued to mislead the FCA during a telephone call, failing to mention that he was actually in prison at the time.

ECB split on publishing report on EU-US capital needs gap; Trump expands list of potential US Treasury secretary picks

Plus: Australian regulator files penalty proceedings against NAB, and more

Market abuse and restitution orders: challenges for FCA policy

James examines the potential for the FCA's use of its powers to order restitution for market abuse against a listed or publicly traded company/issuer to undermine the liability regime

Financial stability in the euro area

Against a background of heightened uncertainty, our upcoming Financial Stability Review highlights three main vulnerabilities that shape the euro area outlook.

FCA statement on the Chancellor’s Mansion House speech

The UK’s asset management, hedge fund and private equity sectors continue to be the largest in Europe, alongside our insurance and long-term savings market.

St. James’s Place ‘welcomes’ next phase of the Advice Guidance Boundary Review

Targeted Support should provide a framework that enables consumers to make better-informed decisions

Industry reacts to UK Chancellor’s Mansion House speech

The speech came after only the day prior, Swedish fintech company, Klarna, chose to list in New York and not London

PFS apologises after AGM voting error

During the live voting, Lumi mistakenly gave members the option to vote for former PFS president Anthony Ward, who stood down in September, instead of Brown.

Regulators issue joint statement on clear client communication

The aim of the guidance is to strengthen consumer trust and enable informed financial decision-making.

ESAs Publish 2024 Report on Disclosure of PAIs Under the SFDR

The SFDR contains the obligation for firms to state if they consider PAIs of investment decisions on sustainability factors and give information on PAIs in respect of all their investment portfolios. Smaller firms can opt out of this obligation.

Thousands more join lawsuit against Hargreaves Lansdown over Neil Woodford fund

The lawsuit alleges that Hargreaves continued to promote Woodford Equity Income Fund (WEIF) until its collapse in 2019

Close Brothers faces key meeting over car finance scandal

There are also concerns the contagion could spread to other forms of consumer credit such as home and car insurance.

Cyprus transfer pricing legislation and documentation requirements

The new regulations cover all transaction types between related parties exceeding certain thresholds per category of transaction

Evelyn Partners team welcomes High Court ruling on London Capital & Finance

Between 2013 and December 2018 LCF raised a total of over £237 million from about 11,600 bondholders.

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Legal, Regulation & Compliance