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

Eurotrader acquires UK broker Petra Asset Management

The acquisition of this FCA license is another big step for Eurotrader.

Sale of Spanish life insurance company Sa Nostra Vida completed

The transaction, together with the additional stake in Caser acquired in the summer, strengthens the non-life business within the entire Group.

PensionBee hits £3bn in assets under administration

A solid milestone reached despite macroeconomic volatility.

Abrdn’s Hugh Young: 'I can guarantee you a poor year of investment'

The Abrdn veteran says you don't know when mistakes will happen but it's important to dwell on them.

H2O pushes back on ‘unfair’ CHF 74m fine in France

Fixed income boutique accepts it exceeded an acceptable investment ratio but claims no wrongdoing in relation to Tennor-related holdings.

State Street cuts fees on emerging markets ETF

More than halved

Advice network In Partnership ‘up for sale’

Global investment bank Lincoln International is advising on the sale, Money Marketing gathers.

Cash Isa savers see fastest wealth erosion rate in 40 years

In total, £285.5bn is currently invested in cash Isas in the UK.

Cash Isa savers see fastest wealth erosion rate in 40 years

In total, £285.5bn is currently invested in cash Isas in the UK.

Pollen Street extends Sancus Lending Group’s funding line

This increase of £4.5m new cash into the business will enable the Group to implement growth plans and highlights the confidence and support of their largest shareholder.

German property market will slow — but no significant correction ahead, central bank says

German homeowners are less vulnerable to interest rate rises than some elsewhere due to the high proportion of fixed-rate mortgages.

Near £6bn pulled from multi-asset funds amid 'mini' Budget fallout

This has been a separate dynamic in the UK to the rest of the world

CT Private Equity discount remains stubborn despite NAV uplift

NAV up 9.3% in Q3

Commerz Real with first-ever participation in a venture capital fund for real estate start-ups

The fund is to have a final volume of approx. 100 million euros and primarily invest throughout Europe in technology start-ups in the real estate industry, so-called proptechs.

UK fund manager profit squeeze set to shrink bonuses by 20%

Forecast for lower bonuses follows an October Moody’s report that highlighted a 10% drop in the collective assets under management for 20 European asset managers

Skipton’s UK mortgage lending totals £1 billion

Our mortgage turnaround time from application to decision is exemplary and being a smaller bank means we are able to act nimbly.

Brussels wants to take on the London derivatives market

The European Union (EU) wants to take over part of the €115 trillion derivatives market, which is processed through the City of London.

FSCS confirms unchanged 2022/23 levy forecast of £625m and provides early indication of the 2023/24 levy.

At the end of this financial year, across all classes, any surpluses will be carried forward and used to offset the 2023/24 levy.

Progeny snaps up UK financial planning firm

Deal takes assets under management to nearly £7bn

Investment Week reveals winners of Women in Investment Awards 2022

Ceremony on 23 November

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