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

Quilter's asks and analysis of rumours ahead of Labour's first budget

The OBR has warned that UK debt is on an unsustainable path and Rachel Reeves has pledged no return to austerity.

FCA chair cleared of wrongdoing amid whistleblowing review

Following the first public allegation, a second former employee of the watchdog, came forward with a similar allegation as to the handling of their whistleblowing communication to the chair.

Silvio Berlusconi posthumously wins longstanding banking dispute in EU court

The ECB, as the EU’s chief financial supervisor, is responsible for ensuring anyone owning more than 10% of a bank’s shares is of good repute.

Close Brothers sells wealth management unit to Oaktree for £200m amid motor finance probe

Close Brothers has agreed to sell its wealth management unit to Oaktree in a £200mn deal as it seeks to strengthen its capital position ahead of a regulatory investigation into motor finance practices.

UK has highest concern about excessive regulation

The firm commissioned a global survey of around 800 major decision-makers in financial services organisations.

Statement on forbearance in relation to investment trust disclosure requirements

Treasury will lay legislation in H2 2024 to provide us with the additional powers to deliver this reform.

Reforms to financial services retail-disclosure requirements

As part of this, the Government and FCA are committed to replacing EU-inherited consumer cost disclosure regulation with a new framework tailored to UK markets and firms.

FSCS declares Staffs wealth manager as failed

The FSCS declared Pro-Synergy Wealth & Tax Management Ltd as in default this week after a first claim was uphedl

Federal Council initiates consultation on amending Financial Market Supervision Act and other legislation concerning international cooperation

The Federal Council's proposals will further strengthen the reputation and global role of Switzerland as a financial centre.

New FCA rules to protect access to cash already having an impact

Under the rules, banks and building societies must assess whether changes to local services, like closing branches or cash machines, leave local communities lacking ways to take out or pay in cash.

Sustainable investment regulation in the UK and EU

New UK sustainability reporting standards in line with international standards are expected to be outlined by the UK government in 2025.

Why Switzerland remains a leading European jurisdiction for foreign companies

These new settlements demonstrate continued international confidence in Switzerland’s business environment—and this confidence is well-placed.

The first cut is the steepest: the Fed, market expectations and the dollar

The Federal Reserve has made its first interest rate cut since the pandemic, reducing rates by 50 basis points (bps).

HMRC’s new digital service to unlock thousands in public sector pension rebates

HMRC has recently launched an updated digital service aimed at assisting Public Sector pension

Carey Olsen shortlisted for Offshore Firm of the Year at The Lawyer European Awards 2024

This shortlisting reinforces another successful year for the firm

Deputy Premier leads successful UK and EU engagement

Ebanks and Campbell also met with representatives of the Channel Islands office to exchange insights and updates.

Bank of England set to leave rates unchanged on 19th September, but leave door wide open for future cuts according to AllianzGI

Beyond the September meeting, however, we think that the UK labour market will continue to loosen

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