Managers of Wealth - Europe https://europe.managersofwealth.com/ Thu, 21 Nov 2024 07:08:05 GMT part of MediaG8way Group https://europe.managersofwealth.com/ https://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Nordea completes the acquisition of Danske Bank’s personal customer and private banking business in Norway News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120017/nordea-completes-the-acquisition-of-danske-bankamprsquos-personal-customer-and-private-banking-business-in-norway The acquisition is an ideal strategic fit for Nordea and will strengthen Nordea’s market position in Norway among household customers. Wealth and Asset Management Altiant Global Luxury and Asset Management (GLAM) Monitor News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120018/altiant-global-luxury-and-asset-management-glam-monitor GLAM has now passed five years of data collection, during which time we have conducted almost 12,000 interviews to construct a comprehensive and evolving view of luxury sentiment and behaviour. Wealth and Asset Management EFG International reports 10-months 2024 business update News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120028/efg-international-reports-10-months-2024-business-update Revenue margin was 96 basis points for the first ten months of 2024, compared to 97 basis points for 1H24 and 99 basis points for FY23 Wealth and Asset Management Quilter Investors Monthly Income range introduces new asset classes to portfolio News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120029/quilter-investors-monthly-income-range-introduces-new-asset-classes-to-portfolio The emerging market debt exposure will stand at 1.25% in the Monthly Income portfolio and 0.75% in the Monthly Income & Growth portfolio. Wealth and Asset Management Liontrust Implements Data Solution in Collaboration with BlackRock Aladdin and BNY to Enhance Investment Management, Client Service and Scalability News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120030/liontrust-implements-data-solution-in-collaboration-with-blackrock-aladdin-and-bny-to-enhance-investment-management-client-service-and-scalability The new technology solution improves investment and risk tools, enables productivity gains and enhances the information supplied to Liontrust’s investment teams and clients. Wealth and Asset Management Ninety One acquires Sanlam Investment Management News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120031/ninety-one-acquires-sanlam-investment-management It will take over management of its £17bn in assets under management Wealth and Asset Management Wealth managers optimistic for 2025 despite potential risks News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120032/wealth-managers-optimistic-for-2025-despite-potential-risks Europe and Germany, however, may not be in for a good time. Wealth and Asset Management Baloise refocusing strategy being implemented – cash generation of over CHF 550 million expected News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120037/baloise-refocusing-strategy-being-implemented-ampndash-cash-generation-of-over-chf-550-million-expected The sale of the portfolio of the digital insurer FRIDAY, announced at the end of October, was a further step in the new strategic direction. Wealth and Asset Management HSBC Revamps Premier Wealth Banking Strategy News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120038/hsbc-revamps-premier-wealth-banking-strategy New London wealth center to attract affluent clientele with exclusive services and events Wealth and Asset Management ZKB completes final close of carbon solutions private equity fund News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120040/zkb-completes-final-close-of-carbon-solutions-private-equity-fund The Swisscanto Fund Private Equity World Carbon Solutions, which has a volume of around CHF 130m, has already made seven investments. Wealth and Asset Management RBC adds new research head from small, London-based bank News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120022/rbc-adds-new-research-head-from-small-london-based-bank Panmure Liberum, which was born of a merger between brokerage Panmure Gordon and rival Liberum earlier this year, also announced a significant headcount reduction across the combined entity just a few months after the merger. Executive Moves Caitlin Southall joins WBR Group as head of SSAS proposition News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120027/caitlin-southall-joins-wbr-group-as-head-of-ssas-proposition Her appointment is effective immediately, reporting to Martin Tilley Executive Moves Neuberger Berman Expands Fixed Income Capabilities with Appointment of Paul Grainger News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120033/neuberger-berman-expands-fixed-income-capabilities-with-appointment-of-paul-grainger With more than 25 years’ experience, Mr. Grainger joins from Schroders, where he most recently served as Head of Global Fixed Income and Currency. Executive Moves Schroders strengthens Media Relations Team with appointments of Charlotte Banks and Jessye Brandon News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120039/schroders-strengthens-media-relations-team-with-appointments-of-charlotte-banks-and-jessye-brandon Charlotte is an award-winning media communications specialist who brings excellent UK media contacts, a strong news sense and first-class media campaign experience. Executive Moves Abrdn appoints new investment CEO News Aggregation Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120001/abrdn-appoints-new-investment-ceo Xavier Meyer is to replace Rene Buehlmann as head of business following £3.5bn in outflows in the last quarter. Executive Moves SJP COO Rayner to step down in leadership overhaul News Aggregation Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120002/sjp-coo-rayner-to-step-down-in-leadership-overhaul Iain Rayner is the fourth executive team member to leave SJP since Mark FitzPatrick was appointed CEO last year. Executive Moves Jupiter Asset Management hires highly successful European equity team from GAM Investments News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120003/jupiter-asset-management-hires-highly-successful-european-equity-team-from-gam-investments Today’s announcement is consistent with Jupiter’s strategy of attracting leading investment talent to deliver superior client outcomes and an exemplary client experience. Executive Moves Leadership evolution in Lombard Odier’s Fribourg office News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120004/leadership-evolution-in-lombard-odieramprsquos-fribourg-office Stéphane Python grew up in the Gibloux region of Fribourg and joined Lombard Odier on 1 July 2024. Executive Moves Julius Bär strengthens its customer advisory team in St. Gallen with new additions News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120009/julius-bampaumlr-strengthens-its-customer-advisory-team-in-st-gallen-with-new-additions With almost 20 years of experience in various positions in private banking and client advisory, primarily at Credit Suisse, he has very broad financial expertise. Executive Moves Grant Thornton’s Thames Valley and Southampton team welcomes new talent News Aggregation Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120013/grant-thorntonamprsquos-thames-valley-and-southampton-team-welcomes-new-talent The new starters will join various departments across the business, including audit, tax, and advisory services. Executive Moves A revision of our market cleanliness statistic methodology News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120021/a-revision-of-our-market-cleanliness-statistic-methodology The MCS is based on abnormal stock price movements before takeover offer announcements. Legal, Regulation & Compliance Time running out for payment providers to have their say on new regulatory regime News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120023/time-running-out-for-payment-providers-to-have-their-say-on-new-regulatory-regime The new regulatory framework is designed to ensure customer money is safe at all times while held by payment providers, and that customers will be given a swift refund in the event of a company collapse. Legal, Regulation & Compliance Aberdein Considine celebrates success at national legal awards News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120024/aberdein-considine-celebrates-success-at-national-legal-awards This recognition is a testament to our team’s commitment to delivering efficient, client-focused debt recovery solutions. Legal, Regulation & Compliance UK ‘digital gilt’ pilot to run independently from Debt Management Office News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120025/uk-amplsquodigital-giltamprsquo-pilot-to-run-independently-from-debt-management-office A gilt is a government liability denominated in sterling and listed on the London Stock Exchange. Legal, Regulation & Compliance Finma opens proceedings against Moonshot private equity platform affiliates News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120041/finma-opens-proceedings-against-moonshot-private-equity-platform-affiliates The regulator suspects the persons involved of collectively carrying out activities which are illegal without necessary licences. Legal, Regulation & Compliance Pensioners urged to apply for pension credit as winter fuel payment cutoff nears News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120042/pensioners-urged-to-apply-for-pension-credit-as-winter-fuel-payment-cutoff-nears In July, the Chancellor announced that the winter fuel payment would be made only to those on low incomes who received certain benefits such as pension credit as of this year. Legal, Regulation & Compliance FCA bans director following grievous bodily harm conviction News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/119995/fca-bans-director-following-grievous-bodily-harm-conviction Mr Harris continued to mislead the FCA during a telephone call, failing to mention that he was actually in prison at the time. Legal, Regulation & Compliance ECB split on publishing report on EU-US capital needs gap; Trump expands list of potential US Treasury secretary picks News Aggregation Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/119996/ecb-split-on-publishing-report-on-eu-us-capital-needs-gap-trump-expands-list-of-potential-us-treasury-secretary-picks Plus: Australian regulator files penalty proceedings against NAB, and more Legal, Regulation & Compliance Market abuse and restitution orders: challenges for FCA policy News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/119998/market-abuse-and-restitution-orders-challenges-for-fca-policy James examines the potential for the FCA's use of its powers to order restitution for market abuse against a listed or publicly traded company/issuer to undermine the liability regime Legal, Regulation & Compliance Financial stability in the euro area News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120008/financial-stability-in-the-euro-area Against a background of heightened uncertainty, our upcoming Financial Stability Review highlights three main vulnerabilities that shape the euro area outlook. Legal, Regulation & Compliance AI and Gen AI are set to transform cybersecurity for most organizations News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120044/ai-and-gen-ai-are-set-to-transform-cybersecurity-for-most-organizations While Gen AI heightens vulnerabilities, more than half of organizations also anticipate faster threat detection and increased accuracy through its use FinTech London fintech 1fs Wealth and Apex Group announce strategic partnership News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/119991/london-fintech-1fs-wealth-and-apex-group-announce-strategic-partnership The company’s growing global client base includes wealth owners and family offices, who particularly value the platform’s ability to support succession planning. FinTech NatWest Group Modernises Self-Service Banking with NCR Atleos News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/119994/natwest-group-modernises-self-service-banking-with-ncr-atleos This refresh will streamline NatWest Group branch and self-service operations, optimise availability and enable faster deployment of new transactions and services. FinTech Key takeaways from the Private Funds CFO Network’s Europe Forum News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120012/key-takeaways-from-the-private-funds-cfo-networkamprsquos-europe-forum From the cautious adoption of AI to the ongoing fundraising struggles, here are some of the key insights and takeaways that emerged from the event. FinTech Digital Banking Provider CaixaBank Introduces New Portfolio Construction Service in Spain News Aggregation Team Monday, November 18, 2024 12:00 am https://europe.managersofwealth.com/article/119973/digital-banking-provider-caixabank-introduces-new-portfolio-construction-service-in-spain This service will be available to all private banking clients, including Independent Advisory and Wealth clients, who asked for it. FinTech TISE named as FT reinvention champion for banking and finance News Team Monday, November 18, 2024 12:00 am https://europe.managersofwealth.com/article/119982/tise-named-as-ft-reinvention-champion-for-banking-and-finance The champions were nominated by FT readers and journalists and finalised by a panel of judges. FinTech Apex Group and Flow expand partnership with launch of Apex Ventures News Team Friday, November 15, 2024 12:00 am https://europe.managersofwealth.com/article/119933/apex-group-and-flow-expand-partnership-with-launch-of-apex-ventures This collaboration brings together Flow's innovative technology solutions with Apex Group's extensive industry expertise to streamline fund operations and enhance the investor experience. FinTech Leveling Up: How Banks Must Pay The Innovation Game To Stay Ahead News Team Wednesday, November 13, 2024 12:00 am https://europe.managersofwealth.com/article/119899/leveling-up-how-banks-must-pay-the-innovation-game-to-stay-ahead The financial services sector is undergoing a significant transformation, largely driven by rapid advances in technology and changes in investor behaviour and needs. FinTech Temenos announces new strategic plan and FY-28 targets News Team Tuesday, November 12, 2024 12:00 am https://europe.managersofwealth.com/article/119861/temenos-announces-new-strategic-plan-and-fy-28-targets The company is building on a strong foundation of a large and growing market, long-term customer relationships, diverse and committed people, breadth of functionality and innovation. FinTech MonacoTech Joins CFM Indosuez's "StartUp Connections" Platform News Team Thursday, November 07, 2024 12:00 am https://europe.managersofwealth.com/article/119760/monacotech-joins-cfm-indosuezamp039s-ampquotstartup-connectionsampquot-platform Through this partnership, the "StartUp Connections" platform is enriched with a new pool of Monegasque startups specializing in fields such as BioTech, MedTech, GreenTech, and BlueTech, among others. FinTech UK business openings fall to lowest level since 2010 News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120020/uk-business-openings-fall-to-lowest-level-since-2010 Data from the Office for National Statistics shows 316,000 new businesses were created in 2023, down from 337,000 the year before. Alternative Investments Gen II moves to bigger UK office with capacity for up to 300 staff News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120026/gen-ii-moves-to-bigger-uk-office-with-capacity-for-up-to-300-staff Its network of offices are also based in Ireland, Europe and North America Alternative Investments British Land half year results ‘underwhelming’ as its London portfolio struggles News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120034/british-land-half-year-results-amplsquounderwhelmingamprsquo-as-its-london-portfolio-struggles Most of the pain has been felt by development assets Alternative Investments Crédit Agricole Assurances announces the launch of an accelerated bookbuilding offering in Française des Jeux shares News Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120035/crampeacutedit-agricole-assurances-announces-the-launch-of-an-accelerated-bookbuilding-offering-in-franampccedilaise-des-jeux-shares CAA has been a shareholder of Française des Jeux since its IPO in November 2019 Alternative Investments Invesco: our predictions for equities in the year ahead News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120043/invesco-our-predictions-for-equities-in-the-year-ahead The UK offers exposure to many high-quality companies trading at valuations below global peers, even after taking account of differences in return on capital. Alternative Investments Royal London simplifies governed portfolio range News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/119992/royal-london-simplifies-governed-portfolio-range The addition of the equity fund offers advisers and customers seven risk rated funds to choose from. Alternative Investments WAICA Re launches AFIN Bank UK News Aggregation Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/119997/waica-re-launches-afin-bank-uk New £23.5 million venture bridges African expertise with international markets Alternative Investments Helvetica Swiss Living Fund to be listed on the stock exchange in December 2024 News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120005/helvetica-swiss-living-fund-to-be-listed-on-the-stock-exchange-in-december-2024 The fund managers expect the IPO to deliver increased liquidity, improved tradability and a broader investor base. Alternative Investments Fidelity to adopt ‘sustainability focus’ label for three funds News Aggregation Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120006/fidelity-to-adopt-amplsquosustainability-focusamprsquo-label-for-three-funds Fidelity to adopt ‘sustainability focus’ label for three funds Alternative Investments Advise Wise streamlines support for vulnerable clients News Aggregation Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120007/advise-wise-streamlines-support-for-vulnerable-clients Through an API integration, Advise Wise members can now access Comentis’ vulnerability assessment tool directly via the platform. Alternative Investments HSBC asks managers to reapply for jobs in global cost-cutting drive News Aggregation Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/120014/hsbc-asks-managers-to-reapply-for-jobs-in-global-cost-cutting-drive General manager titles will also be phased out as part of the shake-up, and staff will be given managing director titles instead. Investment Banking Commerzbank and UniCredit hold second round of investor talks, source says News Aggregation Team Monday, November 18, 2024 12:00 am https://europe.managersofwealth.com/article/119967/commerzbank-and-unicredit-hold-second-round-of-investor-talks-source-says The person said the discussion focused on Commerzbank's earnings in the third quarter. Investment Banking UniCredit Says Needs A Year To Decide Commerzbank Deal News Aggregation Team Wednesday, November 06, 2024 12:00 am https://europe.managersofwealth.com/article/119757/unicredit-says-needs-a-year-to-decide-commerzbank-deal Italy's second-biggest lender surprised markets in September by building up a stake of about 21 percent in its German rival Investment Banking HSBC Channel Islands and Isle of Man receives ‘Top Employer’ certification News Aggregation Team Friday, November 01, 2024 12:00 am https://europe.managersofwealth.com/article/119669/hsbc-channel-islands-and-isle-of-man-receives-amplsquotop-employeramprsquo-certification This year the programme has certified and recognised over 2,300 Top Employers in 121 countries/regions across five continents. Investment Banking CaixaBank reports a net profit of €4.25 billion in the 9 months to September News Team Thursday, October 31, 2024 12:00 am https://europe.managersofwealth.com/article/119642/caixabank-reports-a-net-profit-of-ampeuro425-billion-in-the-9-months-to-september Intense commercial efforts have been made in wealth management products so far this year. Investment Banking Barclays shares soar to 9-year high as bank posts 23% profit rise News Aggregation Team Friday, October 25, 2024 1:00 am https://europe.managersofwealth.com/article/119503/barclays-shares-soar-to-9-year-high-as-bank-posts-23-profit-rise The bank reported a 23% increase in attributable profits Investment Banking Disposal of non-performing Italian mortgage portfolio News Team Wednesday, October 23, 2024 1:00 am https://europe.managersofwealth.com/article/119446/disposal-of-non-performing-italian-mortgage-portfolio The sale of the majority of loans within the Portfolio has now completed, with the sale of the remainder expected to complete later in Q4 2024. Investment Banking Britain's Lloyds Bank Q3 profit holds flat, beating forecasts News Aggregation Team Wednesday, October 23, 2024 1:00 am https://europe.managersofwealth.com/article/119466/britainamp039s-lloyds-bank-q3-profit-holds-flat-beating-forecasts Britain's biggest mortgage lender reported statutory pretax profit for the July-September period Investment Banking Commerzbank deal: Unicredit also gets support from Germany News Aggregation Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119345/commerzbank-deal-unicredit-also-gets-support-from-germany The fact that this transaction came about with the blessing of the former ECB chief undoubtedly caused some unease in the German cabinet. Investment Banking Italy can't protect its banks if UniCredit buys Commerzbank, union leader says News Aggregation Team Friday, October 11, 2024 1:00 am https://europe.managersofwealth.com/article/119255/italy-canamp039t-protect-its-banks-if-unicredit-buys-commerzbank-union-leader-says The ECB has said large, European banks would be better able to compete with bigger rivals in the United States. Investment Banking Key Takeaways From Our First Diversity in Asset Management Report News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120019/key-takeaways-from-our-first-diversity-in-asset-management-report Our study found that women as well as Hispanic and Black individuals are underrepresented on investment teams. Comment, Analysis & Research Inflation rises to 2.3% as energy bills grow News Aggregation Team Wednesday, November 20, 2024 12:00 am https://europe.managersofwealth.com/article/120036/inflation-rises-to-23-as-energy-bills-grow New initiatives will have to be undertaken if headline inflation is to stabilise around or below 2% Comment, Analysis & Research BNP Paribas Wealth Management Competitor Profile Report 2024 - Company Strategy, Financial Performance and Product Innovation News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/119987/bnp-paribas-wealth-management-competitor-profile-report-2024-company-strategy-financial-performance-and-product-innovation Customer targeting and service propositions are covered, as are product innovation and marketing activities. Comment, Analysis & Research Banks and fintechs debate what is needed to remove payments ‘gridlock’ in UK News Aggregation Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/119993/banks-and-fintechs-debate-what-is-needed-to-remove-payments-amplsquogridlockamprsquo-in-uk The CMA Order gave us all a structure and a timeline, and it brought us all together. Comment, Analysis & Research CaixaBank sets business growth and transformation as the pillars of its new Strategic Plan News Team Tuesday, November 19, 2024 12:00 am https://europe.managersofwealth.com/article/119999/caixabank-sets-business-growth-and-transformation-as-the-pillars-of-its-new-strategic-plan The Group will be venturing into a new phase after successfully wrapping up its 2022–2024 Strategic Plan. Comment, Analysis & Research Julius Baer: Succession Planning is the Leading Family Topic News Aggregation Team Monday, November 18, 2024 12:00 am https://europe.managersofwealth.com/article/119957/julius-baer-succession-planning-is-the-leading-family-topic Intergenerational wealth transfer and succession planning has moved up from second place [in 2023] to emerge as this year’s top family-related topic across every single region Comment, Analysis & Research Private banks show increased interest in circular economy News Aggregation Team Friday, November 15, 2024 12:00 am https://europe.managersofwealth.com/article/119926/private-banks-show-increased-interest-in-circular-economy This cycle, where materials never become waste, and nature is regenerated, is fast becoming a megatrend Comment, Analysis & Research Switzerland is Highly Favored by the Wealthy News Aggregation Team Friday, November 15, 2024 12:00 am https://europe.managersofwealth.com/article/119927/switzerland-is-highly-favored-by-the-wealthy Switzerland ranks highly as a preferred destination for HSBC's wealthy clients when considering moving their assets partly or entirely abroad or even relocating permanently. Comment, Analysis & Research What to invest in now, according to the UK’s best wealth managers News Aggregation Team Friday, November 15, 2024 12:00 am https://europe.managersofwealth.com/article/119928/what-to-invest-in-now-according-to-the-ukamprsquos-best-wealth-managers Post Budget 2024, we ask the experts to share their top investing tips Comment, Analysis & Research Deutsche Bank successfully completes issuance of Additional Tier 1 capital instruments News Team Friday, November 15, 2024 12:00 am https://europe.managersofwealth.com/article/119929/deutsche-bank-successfully-completes-issuance-of-additional-tier-1-capital-instruments The issuance supports Deutsche Bank’s Tier 1 leverage ratio and its Pillar 1 and 2 AT1 solvency requirements. Comment, Analysis & Research EV adds inheritance tax functionality to its financial planning tool News Aggregation Team Friday, November 15, 2024 12:00 am https://europe.managersofwealth.com/article/119930/ev-adds-inheritance-tax-functionality-to-its-financial-planning-tool The new feature provides advisers with an IHT liability illustration Tax Demand for advisers will ‘surge’ as 1 in 10 deaths incur IHT charge by 2030 News Aggregation Team Wednesday, November 13, 2024 12:00 am https://europe.managersofwealth.com/article/119892/demand-for-advisers-will-amplsquosurgeamprsquo-as-1-in-10-deaths-incur-iht-charge-by-2030 The proportion of deaths subject to IHT projected to double Tax Key changes in UK’s non-domicile regime overhaul News Aggregation Team Wednesday, November 13, 2024 12:00 am https://europe.managersofwealth.com/article/119900/key-changes-in-ukamprsquos-non-domicile-regime-overhaul The headlines are that the remittance basis of taxation will be abolished and replaced with a new residence-based regime. Tax IHT on pensions disincentivises retirement saving News Aggregation Team Thursday, November 07, 2024 12:00 am https://europe.managersofwealth.com/article/119782/iht-on-pensions-disincentivises-retirement-saving Following the Autumn Budget, most unused pensions pots will be subject to inheritance tax from April 6 2027. Tax How a 90% tax rate could apply on some UK pensions post Budget News Aggregation Team Thursday, November 07, 2024 12:00 am https://europe.managersofwealth.com/article/119784/how-a-90-tax-rate-could-apply-on-some-uk-pensions-post-budget The precise rules as to how this will work remain subject to confirmation Tax IHT on pensions disincentivises retirement saving, says RSM UK News Aggregation Team Wednesday, November 06, 2024 12:00 am https://europe.managersofwealth.com/article/119755/iht-on-pensions-disincentivises-retirement-saving-says-rsm-uk One rationale behind the change was to remove taxpayers’ “incentive to use pensions as a tax-planning vehicle for wealth transfer after death.” Tax UK tax plan for wealthy foreigners risks turning London into ‘bigger version of Bahamas’ News Aggregation Team Tuesday, November 05, 2024 12:00 am https://europe.managersofwealth.com/article/119716/uk-tax-plan-for-wealthy-foreigners-risks-turning-london-into-amplsquobigger-version-of-bahamasamprsquo Advisers warn British government’s proposal to replace non-dom scheme will attract those seeking short-term tax holidays Tax UK’s Richest Man Says ‘Spiteful’ Tax Hikes Will Kill Off Growth News Aggregation Team Monday, November 04, 2024 12:00 am https://europe.managersofwealth.com/article/119676/ukamprsquos-richest-man-says-amplsquospitefulamprsquo-tax-hikes-will-kill-off-growth The remarks are the most high profile attack from a British business leader since Reeves’ budget after firms were forced to shoulder the bulk of her £40 billion of tax rises. Tax Brits face 'double whammy tax hit' after Budget pension changes News Aggregation Team Monday, November 04, 2024 12:00 am https://europe.managersofwealth.com/article/119677/brits-face-amp039double-whammy-tax-hitamp039-after-budget-pension-changes Many families had planned to leave their pension pots to their loved ones as a means of preserving and passing on their wealth, but these plans have now been disrupted by the Budget's decisions. Tax Changes to IHT and pensions risks becoming ‘a bureaucratic nightmare’ News Aggregation Team Friday, November 01, 2024 12:00 am https://europe.managersofwealth.com/article/119647/changes-to-iht-and-pensions-risks-becoming-amplsquoa-bureaucratic-nightmareamprsquo The proposed changes, introduced in a government consultation, outline an extensive process for including pension assets in IHT calculations. Tax Nationwide, NatWest, Lloyds and Santander customers alerted to £258 payment News Aggregation Team Monday, November 18, 2024 12:00 am https://europe.managersofwealth.com/article/119974/nationwide-natwest-lloyds-and-santander-customers-alerted-to-amppound258-payment Customers with some of the more established high street banks may find they can get a better deal with one of these banks. Retail Banking Access Bank UK expands footprint with Hong Kong branch News Aggregation Team Friday, November 15, 2024 12:00 am https://europe.managersofwealth.com/article/119934/access-bank-uk-expands-footprint-with-hong-kong-branch The launch of the Hong Kong branch establishes Access Bank UK Retail Banking Completion of the acquisition of Tesco's retail banking business and commencement of long-term strategic partnership with Tesco News Team Wednesday, November 06, 2024 12:00 am https://europe.managersofwealth.com/article/119733/completion-of-the-acquisition-of-tescoamp039s-retail-banking-business-and-commencement-of-long-term-strategic-partnership-with-tesco The acquired business includes credit cards, unsecured personal loans, deposits and the operating infrastructure which, following completion of the acquisition, will continue to be operated under the ownership and management of Barclays UK. Retail Banking Barclays completes Tesco Bank acquisition News Team Friday, November 01, 2024 12:00 am https://europe.managersofwealth.com/article/119658/barclays-completes-tesco-bank-acquisition The agreement sees around 2,800 Tesco Bank employees working on banking products transferring to Barclays, from the 3,540 people currently work for Tesco’s banking wing. Retail Banking Banco Santander to cut UK jobs as part of cost-saving efforts News Aggregation Team Friday, November 01, 2024 12:00 am https://europe.managersofwealth.com/article/119659/banco-santander-to-cut-uk-jobs-as-part-of-cost-saving-efforts The Guardian reported that most of the layoffs have already been completed, with the remaining cuts expected to conclude by the end of 2024. Retail Banking NatWest launches building efficiency assessment tool News Aggregation Team Thursday, October 24, 2024 1:00 am https://europe.managersofwealth.com/article/119478/natwest-launches-building-efficiency-assessment-tool The tool will provide a quick insight on how customers can potentially improve the energy efficiency of their buildings and benefit from associated cost savings. Retail Banking These neobanks score points in retail banking News Aggregation Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119339/these-neobanks-score-points-in-retail-banking Raiffeisen ranks 4th in the 2024 Consumer Bank Ranking for Switzerland with 62.9 score points. Retail Banking Santander scoops best ESG initiative in payments prize at Pay360 Awards News Team Friday, October 04, 2024 1:00 am https://europe.managersofwealth.com/article/119092/santander-scoops-best-esg-initiative-in-payments-prize-at-pay360-awards The bank has received this accolade alongside Giesecke+Devrient (G+D), its partner in the processing and recycling of bank cards to turn them into street furniture. Retail Banking Greece kicks off sale of stake in National Bank which could raise €727m News Aggregation Team Monday, September 30, 2024 1:00 am https://europe.managersofwealth.com/article/118988/greece-kicks-off-sale-of-stake-in-national-bank-which-could-raise-ampeuro727m The price range has been set to between €7.30 to €7.95, Greece's bank bailout fund HFSF (Hellenic Financial Stability Fund) said on Monday. Retail Banking VersaBank Recognized for continuing leadership in banking technology News Team Thursday, September 26, 2024 1:00 am https://europe.managersofwealth.com/article/118948/versabank-recognized-for-continuing-leadership-in-banking-technology Bank Named CIO Awards Canada Winner by IDC and CIO Retail Banking ESG considerations driving food and drink industry acquisitions News Team Monday, April 29, 2024 1:00 am https://europe.managersofwealth.com/article/116007/esg-considerations-driving-food-and-drink-industry-acquisitions Businesses are increasingly conscious of the importance of ESG in M&A. Pensions Schroders Greencoat eyes deal for scandal-hit solar operator – reports News Aggregation Team Monday, November 13, 2023 12:00 am https://europe.managersofwealth.com/article/112765/schroders-greencoat-eyes-deal-for-scandal-hit-solar-operator-ampndash-reports The infrastructure unit is a leading contender to buy Toucan Energy, which collapsed a year ago amid a local government scandal. Pensions Pensions allowance tax charges hit record high News Aggregation Team Thursday, March 24, 2022 12:00 am https://europe.managersofwealth.com/article/99923/pensions-allowance-tax-charges-hit-record-high The total value of LTA charges reported by schemes stood at £342mn in 2019-20. This is a 21 per cent increase from £283mn in the previous period. Pensions Pensions industry fires back at Opperman criticism News Team Wednesday, March 16, 2022 12:00 am https://europe.managersofwealth.com/article/99678/pensions-industry-fires-back-at-opperman-criticism Opperman’s remarks went down badly with a number of the industry’s leading voices. Pensions XPS partners with Abrdn to launch DB pensions master trust News Aggregation Team Tuesday, March 08, 2022 12:00 am https://europe.managersofwealth.com/article/99435/xps-partners-with-abrdn-to-launch-db-pensions-master-trust “This new solution should really help bring governance and efficiency improvements to the benefit of thousands of pension scheme members." Pensions Pension providers call for personalised advice rules News Aggregation Team Monday, March 07, 2022 12:00 am https://europe.managersofwealth.com/article/99382/pension-providers-call-for-personalised-advice-rules “UK’s advice rules (from MiFID) prevent firms providing personalised support to customers given the liability risk," it said in its submission. Pensions Government authorises use of dormant pension assets to "change people's lives for the better" News Team Thursday, March 03, 2022 12:00 am https://europe.managersofwealth.com/article/99279/government-authorises-use-of-dormant-pension-assets-to-ampquotchange-peopleamp039s-lives-for-the-betterampquot The UK Government has now announced an expansion of the scheme, which will be expanded to cover pensions, insurance, investment and wealth management accounts. Pensions €43bn pension fund cuts external fund exposure by half in two years News Aggregation Team Friday, February 25, 2022 12:00 am https://europe.managersofwealth.com/article/99130/ampeuro43bn-pension-fund-cuts-external-fund-exposure-by-half-in-two-years Assets under external management hit lowest levels for nearly a decade, as Swedish group focuses on interal efforts. Pensions Pensions platform Guiide considers institutional funding News Aggregation Team Thursday, February 24, 2022 12:00 am https://europe.managersofwealth.com/article/99063/pensions-platform-guiide-considers-institutional-funding Primarily the new funding will be used to develop Guiide+, an extension to its free online pension modelling tools. Pensions Northern Trust Supports AMF News Team Monday, February 21, 2022 12:00 am https://europe.managersofwealth.com/article/98943/northern-trust-supports-amf The implementation of the directive demanded important changes and enhancements to pension fund providers’ business models spanning risk management, governance and member communications. Pensions ESG will remain a key long-term wealth manager priority despite Trump re-election News Aggregation Team Thursday, November 14, 2024 12:00 am https://europe.managersofwealth.com/article/119921/esg-will-remain-a-key-long-term-wealth-manager-priority-despite-trump-re-election Private wealth managers will continue to build up their ESG investing capabilities. Planet SOS COP29’s call to action: transforming finance and business models to support biodiversity News Team Tuesday, November 12, 2024 12:00 am https://europe.managersofwealth.com/article/119849/cop29amprsquos-call-to-action-transforming-finance-and-business-models-to-support-biodiversity The commitment to protect 30% of the world’s land and oceans by 2030 remains a driving goal, yet the Cali conference underscored both the achievements and hurdles in meeting these targets. Planet SOS Winners of ABN AMRO Sustainable 50 2024 announced News Team Friday, November 08, 2024 12:00 am https://europe.managersofwealth.com/article/119786/winners-of-abn-amro-sustainable-50-2024-announced The annual awards, organised by ABN AMRO in collaboration with Duurzaam Gebouwd, spotlight prominent leaders who are committed to a sustainable future in the construction and real estate sector. Planet SOS From geopolitics to AI – entrepreneurs and family businesses rethink a changing world at LO Generations 2024 News Team Tuesday, November 05, 2024 12:00 am https://europe.managersofwealth.com/article/119706/from-geopolitics-to-ai-ampndash-entrepreneurs-and-family-businesses-rethink-a-changing-world-at-lo-generations-2024 Yet even in this ancient world, modernity is intervening, bringing both threats and new opportunities. Planet SOS Raising the bar again: ABN AMRO takes next step in climate strategy News Team Thursday, October 31, 2024 12:00 am https://europe.managersofwealth.com/article/119626/raising-the-bar-again-abn-amro-takes-next-step-in-climate-strategy ABN AMRO continues to make progress towards the goals set out in its climate strategy. Planet SOS Aviva Investors launches Carbon Removal Fund News Team Tuesday, October 29, 2024 12:00 am https://europe.managersofwealth.com/article/119574/aviva-investors-launches-carbon-removal-fund It has been seeded with an initial commitment from Aviva’s Investment, Wealth and Retirement business. Planet SOS Tracking timber: scientific and digital innovations promise wood supply chain transparency News Team Friday, October 25, 2024 1:00 am https://europe.managersofwealth.com/article/119498/tracking-timber-scientific-and-digital-innovations-promise-wood-supply-chain-transparency Crucially, while the commodities must have been grown or harvested in line with local laws, evidence of this alone will not be sufficient. Planet SOS Nordea Asset Management wins 2024 PRI Award for engagement on methane emissions News Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119354/nordea-asset-management-wins-2024-pri-award-for-engagement-on-methane-emissions We are honored to receive the 2024 PRI Recognition for Action – Climate award. Planet SOS Balance of power: how EVs will help regulate tomorrow’s energy system News Team Wednesday, October 16, 2024 1:00 am https://europe.managersofwealth.com/article/119303/balance-of-power-how-evs-will-help-regulate-tomorrowamprsquos-energy-system The earthquake and resulting tsunami was one of the most ruinous natural disasters in the history of Japan. Planet SOS Pink rice serves up alternative to carbon-intensive meat News Team Thursday, October 10, 2024 1:00 am https://europe.managersofwealth.com/article/119200/pink-rice-serves-up-alternative-to-carbon-intensive-meat The pink ‘beef-rice’ is the latest iteration of lab-grown meat to trot on to the burgeoning alternative-protein scene. Planet SOS