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

HMRC late payment interest rates to be revised after Bank of England lowers base rate

HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 4.5%.

Fos to charge CMCs to refer cases from April

The changes have been made because the Fos found representatives were responsible for around 47 per cent of cases between April and December 2024.

Unforeseen consequences: How far reaching will US tariffs be?

Experts at SJP explore the potential long-term ramifications of the latest in protectionist measures.

The EBA publishes its draft final technical standards on reporting of data on charges for credit transfers and payments accounts, and shares of rejected transactions

The reported data will help to ensure consumers benefit from access to instant credit transfers, and that the latter are no longer more expensive than regular credit transfers.

IQ-EQ acquires Agama Group, gaining regulatory compliance service offering in continental Europe

Agama Group provides essential regulatory compliance, internal control and operations support to asset managers

Culture is contagious

Speech by Emily Shepperd, chief operating officer, at the 10th Annual Culture and Conduct in Financial Services Summit.

The benefits of enhancing data capture go beyond compliance

Data plays a more significant role in everyday life than ever before.

Supplementary report on the FCA’s ‘poor performance’ released

Additionally, it included the testimony of many stakeholders who had interacted with the FCA, including scam victims and FCA employees, past and present.

FCA confiscates over £500,000 from convicted insider dealer

The order must be paid within 3 months, or Mr Zina will face a further 5 years in prison.

FCA secures confiscation order against convicted fraudster

The fraudulent investment scheme operated by Mr Flintham took £19m from over 240 investors.

FCA sets out further proposals to support growing business and investment opportunities

This would reduce costs and barriers for companies raising capital and give investors the information they need to make an informed decision.

Europe ‘can’t cope’ with extreme weather costs, warns insurance watchdog

EU regulator Hielkema says governments and banks will struggle to pay for natural disasters

PRA Regulatory Digest - January 2025

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.

PIMFA calls for an ambitious and assertive approach in modernising the redress system

The trade association urges the FCA to reconsider the role of FOS, and explore consolidating the regulatory regime for CMCs

ECB cuts rates to 2.75% in attempt to breathe life into flatlining economy

The ECB expects inflation will drop closer to its 2% target throughout the year, with some members even concerned that price pressures could see it fall below this goal.

Schroders’ UK pension scheme commits to running-on and harnessing DB surplus for DC contributions

These guardrails encompass regular funding level and covenant checks, as well as a mechanism to recoup contributions should the DB section’s funding level deteriorate.

EY Is Back in Business In Germany

The vote is likely to be a formality.

ECB rate cut to 2.75% sparks market reaction

The rate cut was widely anticipated given stagnant economic activity and weak consumer confidence in Europe

All eyes on tariffs as Fed holds and ECB cuts

US and European central banks are now on different tracks, at least until the details of US trade policy become clearer.

FCA to publish good and poor practices of mortgage advisers

The City watchdog highlighted that recent supervisory work showed some firms had a “culture driven by sales targets”

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