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

Consumer duty: FCA provides clarity on products and services outcome

The consumer duty will apply across all financial sectors where there is a retail customer while the rules covering products and services will apply equally to both.

FCA publishes further information about restrictions placed on Micro-E C.I.C

Micro-E’s director appears to have used the director’s loan account for personal reasons.

London-listed law firm Knights bolsters business with Meade King acquisition

The acquisition is set to expand Knight’s reach into the wider UK by giving it a footprint in Bristol and the south-west of England.

Andrew Bailey: BoE did not trade Solvency II for the removal of call in powers

‘Hangover’ of Mini Budget damage

VCTA calls for more clarity on sunset clause postponement

VCTA chair Will Fraser-Allen told Money Marketing: “What we need to do now is to work with the Treasury.@

Advice firm Better Retirement Group fails with the FSCS

Before the investigation, 17 cases received by the Financial Ombudsman Service had been upheld against Better Retirement Group last year.

The HR and employment issues that will shape the UK workplace in 2023

If this process results in a rolling back of employment legislation, HR will be considering whether to retain policies or whether to leverage greater flexibility.

FCA whistleblowing data shows reporting up 14%

The number of allegations reported saw a significant increase, jumping by 55 per cent.

Three tips for struggling borrowers as FCA predicts 750,000 risk defaulting on mortgages

If lots of repossessions take place at the same time, this will mean a slew of properties come to market, driving up supply while demand lags, and this will push down house prices.

Top EU court upholds annulled fine for HSBC over cartel activity

HSBC appealed the fine to the EU General Court, the bloc's second highest court, and successfully argued in 2019 that the basis for calculating the fine was flawed.

HMRC to impose controls on tax repayment agents

HMRC has published its finalised policy on enforcing higher standards on tax advisors, including reforms to the currently unregulated repayment agent sector.

ECB says consumer inflation expectations have eased

Expectations for economic growth for the next 12 months improved to -2 per cent from -2.6 per cent.

NFT infringes trade mark rights – Italian Court grants preliminary injunction in Juventus case

Therefore, the Court rejected all Blockeras’ arguments of non-infringement and found the NFT CARDS to be an unauthorised and infringing reproduction of the football club’s trade marks.

First year of new pension transfer regulations marred by ongoing issues

During the first year of the regulations, MaPS has seen huge growth in the number of people requiring guidance appointments and it is positive that so many people may have been saved from fraudsters.

Financial watchdog consults about protections for insurance customers in financial difficulty

FCA rules also mean that firms must make sure the information they provide customers is fair, clear and not misleading, so customers can make informed decisions.

FSCS expenses budget rises by 5% despite claims reduction

In a budget update announced today (12 January), FSCS chief executive Caroline Rainbird said the proposed management expenses budget is to help it meets running costs due to rising inflation.

FCA fines Guaranty Trust Bank (UK) Limited £7.6 million for further failures in its anti-money laundering systems and controls

The bank also failed to monitor customer transactions and business relationships to the required standard.

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