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

Redinel Korfuzi and Oerta Korfuzi sentenced to combined 11 years for £1m insider dealing and money laundering

FCA investigators also uncovered an international money laundering operation.

Chancellor’s National Wealth Fund investment in major carbon capture project to boost 3,500 jobs

Thousands of jobs could be created across Derbyshire, Staffordshire and the North West thanks to a £28.6 million National Wealth Fund investment in a major carbon capture project, the Chancellor has announced today, Monday 7 July.

Ex-Janus Henderson analyst and sister jailed for £1m insider trading

Within minutes of accessing the information, he traded in the affected stocks using multiple accounts, including those operated by his sister.

Solvency-triggered termination rights clauses in bulk purchase annuity transactions

The clauses could bring inherent risks to insurers’ balance sheets which would need to be managed concurrently in a period of stress.

FSCS’s 2024/25 Annual Report highlights another strong year for recovering compensation costs and processing customer claims

A key milestone included the recovery of more than £56m from the estates of failed financial firms and related third parties – equivalent to 17% of total compensation costs.

Pensions reform must prioritise member outcomes, says report

While there is broad acceptance that scale could bring benefits, many warned that consolidation must be judged by its ability to improve outcomes, not just create larger entities.

ESMA selects Ediphy (fairCT) to become the first Consolidated Tape Provider for bonds

Market participants will benefit from a consolidated view of market activity for bonds in the EU, with a variety of use cases to the benefit of all participants in the EU’s fixed income markets.”

The meaning of reserve currency − remarks by Andrew Bailey

Given at the Andrew Crockett Memorial Lecture

Irish financial firms struggle with consumer code implementation

The code demands that firms meet enhanced standards around digital accessibility, product transparency and support for vulnerable consumers.

Tribunal upholds the FCA’s market manipulation bans

The Upper Tribunal agreed with the FCA that the traders’ manipulative behaviour was dishonest and lacked integrity.

Synchronisation and beyond: enabling the next wave of financial innovation − speech by Victoria Cleland

Given at the 15th annual edition of City Week

IPTF warns of growing misrepresentation risk in protection

This powerful instalment confronts the reality that an estimated 52% of all declined income protection claims in 2024 were linked to some form of misrepresentation.

FCA's targeted support proposal could help millions left behind by the advice gap

It proposes a new regulated activity, called targeted support, and rightly acknowledges that the binary choice between generic guidance and full advice is failing too many people.

UK reforms AML rules for business services

The government says these firms are vital not only to the UK economy but to its reputation as a trusted global business hub.

Living between Dubai and Milan, but litigating in London

While private wealth may find a new centre of gravity further east, the gravitational pull of London’s courts will stay as strong as ever.

Calls to reform Lifetime ISAs over ‘nonsensical’ rules causing savers to lose their own money

A 25 per cent boost on a first-house deposit sounds a terrific deal - but the product itself can be complex and limiting

Statistical Notice 2025/04 - Bank of England Levy: Notification Document Levy Year 2025/26

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder

FCA's targeted support proposal could help millions left behind by the advice gap

The scale of the problem is stark. Just 9% of adults received regulated financial advice last year, despite millions holding investible assets.

The European Accessibility Act is now live: What it means for digital businesses

The legislation sets harmonised requirements for private businesses offering key digital products and services, reinforcing the rights of all consumers to access technology on equal terms.

Upper Tribunal upholds Jes Staley ban

The FCA alleged that Mr Staley acted recklessly when he signed off the letter and the Tribunal agreed.

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