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

Freshfields and Norton Rose join A&O and Kirkland on Misys bids

Both are longstanding clients of their respective advisers, which are acting opposite Allen & Overy (A&O) in the lead role for Misys.

Herbert Smith set for lead role on multibillion-pound Lloyds lawsuit

The case will be launched in the coming weeks, dependent on funding being obtained by the claimants - shareholder group Lloyds Action Now (LAN) - with the action expected to reach trial in the next two years.

Cleary, Clifford Chance Grab Roles on $3 Billion in Bank Asset Sales

Cleary Gottlieb Steen & Hamilton and Clifford Chance are advising banking giants BNP Paribas and HSBC Holdings, respectively, on the sale of combined assets worth a total of almost $3 billion.

FSA warns of crackdown on move to non-advised models

Regulator keeping a watchful eye on advisory models to ensure IFAs are not avoiding the incoming trail ban.

FSA bans former FD of Royal Liver Assurance but he escapes £1m fine

Between May 2009 and November 2009 McGregor entered into contracts on behalf of RLA with two companies which were controlled by a former employee of RLA.

Vince Cable confirms 'negotiations' over axeing 50p tax rate

Business organisations and many Tory MPs want the 50p tax on earnings over £150,000, brought in by Labour, axed.

Could the FSA learn a lesson from FIFA?

One particular area of concern is the movement of young players amongst concerns about child trafficking.

FSA slams seven men for insider trading

According to the UK financial watchdog, the alleged used inside information to place bets on companies shortly before takeovers were announced, resulting in galloping more than GBP1m.

IVSC Consults on New Fairness Guidelines

The IVSC has today issued draft new guidelines on the provision of fairness opinions.

New FATCA regulations are out, institutions must act fast

The FATCA Seminar was tailored to address the unique needs of Middle Eastern institutions, including Islamic banking and takaful insurance structures as well as sovereign wealth funds, and family offices.

FSA investigation includes WH Ireland

WH Ireland has come under the scrutiny of the financial regulator as part of its biggest ever investigation into insider dealing, which is codenamed Tabernula.

Berkeley Law strengthens CIS offer with two hires

Berkeley Law, the London based law firm specialising in wealth advice for high-net-worth individuals in the UK and overseas, has strengthened its offering for CIS clients

Pensions: are we being softened up? HMRC release did not tell the whole story ..

Speculation was rife before last week that higher rate tax relief on pension contributions might be in danger in the Budget.

OECD recommends action on international tax loopholes

Aggressive tax planning – untaxed income, multiple deductions and other forms of international tax arbitrage - is a growing concern for all governments.

IMF paper highlights regulation’s unintended consequences

UK regulation cuts £18bn off HSBC’s value, says Gulliver

The levy and the prospect of legislation splitting retail and investment arms of banks raised “fiduciary duty issues” for the board and were of concern to investors, he added.

A £20bn pension misselling scandal?

Regulators are concerned about the standard of advice given to some workers.

Norton Rose advises ValueAct Capital on proposed joint offer for Misys

ValueAct Capital is the largest current shareholder in Misys Plc.

The UK tax system has reached breaking point

The bottom line is that people think it a jolly good thing that others are taxed, but they deeply resent paying it themselves.

US-Swiss tax treaty passes large parliamentary hurdle

The treaty would allow the US to make a request for judicial assistance without supply the names and addresses of the US residents suspected of offshore tax evasion if there is clear evidence that a bank or its employees are suspected of encouraging such

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