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

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.

Schroders welcomes Mansion House proposals

he Chancellor has also announced proposals focused on supporting the UK as a leading centre for Green Finance.

Federal Council approves FINMA's strategic objectives and meets with its senior management

The approval of the strategic objectives and the annual meeting are two important steering tools for the Federal Council with regard to FINMA.

FCA to consult on extending the time motor finance firms have to handle commission complaints

The proposals are expected to be published within 2 weeks and, if taken forward, would mean the complaint extension is in place by mid-December 2024.

Bank of England's Mann sees inflation pressure keeping rates high

Last week the BoE revised up its inflation forecasts due to a higher minimum wage and short-term fiscal stimulus in the first budget of the new Labour government.

Bank of England to hear the views of local people in Birmingham about the cost of living

The event is designed to gather information from local people, which will complement existing data and analysis, and help inform the Bank’s policy decisions.

The EBA consults on Guidelines on proportionate retail diversification methods

The Consultation paper follows the recommendations from the EBA Advisory Committee on Proportionality for 2024 in the credit risk area The consultation runs until 12 February 2025.

WTW wins DB advisory mandates from schemes looking at run-on options

This covers DB schemes in the insurance, energy and technology sectors, including the IBM UK Pension Plan.

ALEX BRUMMER: UK retirement funds are an asset management blob

Unlike one of her illustrious predecessors Gordon Brown, the first female Chancellor will be spared wrestling with the dilemma of having to wear an elitist white tie.

Enforcement regulatory disclosure review: outcome

This relates to disclosure of evidence as part of any regulatory case.

Metro Bank fined nearly £17m for failure to monitor potential money laundering

Problems were raised by junior staff three years before they were completely resolved, says FCA

BNP Paribas signs a new agreement with UNI Global Union and strengthens its shared social framework for all employees worldwide

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