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

LISA reform required ahead of Consumer Duty ‘foreseeable harm’ rule

Quilter calls on government to reduce LISA penalty and require enhanced warnings on direct sales

Italy's top insurers, banks strike Eurovita rescue deal

Insurers Generali, Intesa Sanpaolo Vita, Poste Vita, UnipolSAI and Allianz will set up a new company that will take on Eurovita life insurance policies.

Consulting industry heading for 13% growth in 2023

Looking ahead, the industry body expects the double-digit growth for consultants in the UK to continue through 2023.

Eden Park IM partners with Hymans Robertson

Investment services provider will sub-manage the Eden Park’s Brunel range

Invesco brings Europe's cheapest all-world ETF to market

TER 0.15%

Long-term fixes and evolution of mortgage market ‘long overdue’

The situation is so dire that the government this week announced a mortgage charter, signed by 30 lenders, to help support mortgage borrowers.

Bank of England to Apply Stress Tests to Pension Funds, Hedge Funds, Asset Managers

The exercise aims to increase understanding of banks’ and other financial institutions’ behavior in stressed market conditions.

Behind the trust: Schroder European Real Estate Investment Trust

The Schroder European Real Estate Investment Trust offers an attractive level of income as well as the potential for income and capital growth from a diversified portfolio of continental European property in the economically strongest cities

FTSE down as central bankers meet and B&M results disappoint

The FTSE 100 struggles to stay in the black ahead of a central banker meeting in Portugal, while Thames Water signals another blow to the UK economy.

Invesco launches low-cost global equity ETF

Investors can choose between accumulating and distributing share classes, with a currency-hedged share class available.

BNP Paribas, SocGen brace for more hits from TLTRO hedge unwinds

Duo expect combined €600m in losses after already booking €500m in Q1

Columbia Threadneedle Investments unveils global social bond fund

Led by Tammie Tang

Financial leaders urge greater transparency on ethnicity pay gap reporting

They also discussed how to use their influence to reduce racial inequality in the UK.

Söderberg raises £171mn to help fund UK expansion

Following the new share issue, Söderberg & Partners will continue to be controlled by its founders and supported by its two significant minority shareholders, global investment firm KKR and private equity firm TA Associates.

$9 trillion decline as global wealth falls for first time since 2008

The former might have prompted many people to break out the world’s smallest violin for struggling millionaires everywhere – but the latter has wide-reaching implications for households around the world.

PwC to sell Australian government business in wake of scandal

The Big Four firms of the consulting and accounting industry – Deloitte, KPMG, EY and PwC – have long been criticised for their association with international tax avoidance.

Shareholders to decide Chrysalis' future in continuation vote

Potential managed exit programme

Polar Capital takes 30% profit hit on continued outflows

Profit before tax in the 12 months to the end of March fell to £45.2m, as a 14% fall in average assets under management hit revenue.

SimplyBiz partners with iPipeline to launch protection tool

iPipeline is a research and application portal which supports advisers throughout the protection advice journey.

Quilter Investors introduces AUM discounts on fund pricing

With effect from 1st July, the move will see a discount of up to 0.05% applied to a fund’s fixed ongoing charge

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