Managers of Wealth - Europe https://europe.managersofwealth.com/ Tue, 22 Oct 2024 05:46:27 BST part of MediaG8way Group https://europe.managersofwealth.com/ https://europe.managersofwealth.com/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Groupama AM acquires Inocap Gestion News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119385/groupama-am-acquires-inocap-gestion Groupama Asset Management is accelerating its growth in the IFA market. Wealth and Asset Management New Rumors Surrounding VP Bank News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119392/new-rumors-surrounding-vp-bank This positions us well for the second half of our strategy, where we will accelerate profitable growth, building on an open wealth-capable IT platform, a regional target organization, and improved risk management. Wealth and Asset Management China’s ‘long-term growth story’ draws European family offices to Hong Kong News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119393/chinaamprsquos-amplsquolong-term-growth-storyamprsquo-draws-european-family-offices-to-hong-kong Wealthy European families approve of Hong Kong’s family office-friendly policies, says wealth-management CEO of French bank BNP Paribas Wealth and Asset Management Söderberg & Partners invests in four more IFA firms News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119395/sampoumlderberg-ampamp-partners-invests-in-four-more-ifa-firms Cheltenham IFA Ltd has a wealth management proposition at its core and builds long-lasting relationships with its clients that regularly progress to the next generation. Wealth and Asset Management Where can wealth managers find opportunity when assets are in flux? News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119396/where-can-wealth-managers-find-opportunity-when-assets-are-in-flux Firms will come under increasing pressure to deliver best-in-class client experiences Wealth and Asset Management Top 3 Société Générale Private Wealth Management Interview Questions News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119397/top-3-sociampeacutetampeacute-gampeacutenampeacuterale-private-wealth-management-interview-questions While it’s always a bit surprising to see an investment bank purposefully shrink its wealth management division, this approach by Krupa seems sensible. Wealth and Asset Management Future Growth Capital secures landmark approval for first UK-dedicated multi-asset LTAF News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119398/future-growth-capital-secures-landmark-approval-for-first-uk-dedicated-multi-asset-ltaf The UK LTAF is the first multi-asset LTAF to be dedicated to the UK market. Wealth and Asset Management Aberdeen firm is financial group’s latest acquisition News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119402/aberdeen-firm-is-financial-groupamprsquos-latest-acquisition This acquisition brings Fairstone’s funds under management to more than £17 billion, with a client base exceeding 125,000 across the group. Wealth and Asset Management Amex to acquire UBS’s 50% stake in Swisscard News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119403/amex-to-acquire-ubsamprsquos-50-stake-in-swisscard American Express is to become the sole holder of Swisscard. Wealth and Asset Management Janus Henderson joins European active ETF foray News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119404/janus-henderson-joins-european-active-etf-foray The British-American asset manager targets Japanese equity through subsidiary’s new active ETF strategy. Wealth and Asset Management ZEDRA appoints Peter Brown as Managing Director to lead Luxembourg operations and drive growth News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119406/zedra-appoints-peter-brown-as-managing-director-to-lead-luxembourg-operations-and-drive-growth He will enhance the delivery of end-to-end services to alternative fund managers, driving significant business growth and enhancing service delivery in Luxembourg. Executive Moves Multi-family office hires Ruffer manager as deputy CIO News Aggregation Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119359/multi-family-office-hires-ruffer-manager-as-deputy-cio Kate Forsyth joins Hundle after a seven-year stint with Ruffer. Executive Moves Lombard Odier IM expands wholesale distribution News Aggregation Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119361/lombard-odier-im-expands-wholesale-distribution The company wants to strengthen its business with strategic intermediaries in Switzerland and expand its market share. Executive Moves Changes in Nordea’s Group Leadership Team News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119363/changes-in-nordeaamprsquos-group-leadership-team These changes will take effect as of 1 January 2025. Executive Moves The EBA’s Banking Stakeholder Group elects its new Chair and Vice-Chairs News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119366/the-ebaamprsquos-banking-stakeholder-group-elects-its-new-chair-and-vice-chairs The BSG is set up according to Article 37 of the EBA Founding Regulation, to help facilitate dialogue and consultation with stakeholders on the work of the EBA. Executive Moves Legal & General announces appointments to Group Management Committee News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119367/legal-ampamp-general-announces-appointments-to-group-management-committee Both Laura Mason and Katie Worgan’s appointments are subject to regulatory approval. Executive Moves SJP hires Adam Higgs to help drive growth in protection News Aggregation Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119334/sjp-hires-adam-higgs-to-help-drive-growth-in-protection He will help raise the profile of protection within the wider business and support the planning of SJP advisers. Executive Moves Goodbody names Paul Flynn as investment management head News Aggregation Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119336/goodbody-names-paul-flynn-as-investment-management-head Appointment is one of a number announced by the stockbroker Executive Moves Credit Suisse EAM team head becomes MD at fixed income manager News Aggregation Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119343/credit-suisse-eam-team-head-becomes-md-at-fixed-income-manager Gemma Tomas held various senior roles in private banking and investment banking at Credit Suisse. Executive Moves Carmignac appoints new directors News Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119351/carmignac-appoints-new-directors These new directors strengthen the firm’s board, already comprising Executive Moves Baker & Partners maintains ranking in the 2025 Chambers & Partners UK Guide News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119386/baker-ampamp-partners-maintains-ranking-in-the-2025-chambers-ampamp-partners-uk-guide This marks almost two decades of ranking in the guide and stands testament to our 20 years of litigation and dispute resolution practice. Legal, Regulation & Compliance FCA welcomes buy now pay later consultation News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119391/fca-welcomes-buy-now-pay-later-consultation BNPL can provide benefits for consumers by giving them more payment options and support merchants in selling their goods and services. Legal, Regulation & Compliance Bank of Ireland warns businesses of new 'live chat' scam News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119408/bank-of-ireland-warns-businesses-of-new-amp039live-chatamp039-scam Fraudsters are calling customers pretending to be from Bank of Ireland Legal, Regulation & Compliance The European Supervisory Authorities share highlights from the 2024 Joint Consumer Protection Day in Budapest News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119369/the-european-supervisory-authorities-share-highlights-from-the-2024-joint-consumer-protection-day-in-budapest Panellists emphasised the need to better understand the technology to assess how those risks can be mitigated. Legal, Regulation & Compliance ECB confirms first back-to-back interest rate cut in 13 years with 0.25% reduction News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119373/ecb-confirms-first-back-to-back-interest-rate-cut-in-13-years-with-025-reduction The European Central Bank has announced its first back-to-back interest rate cut in 13 years with another 0.25% reduction Legal, Regulation & Compliance FCA responds to market review on delivering finance for global decarbonisation and UK growth News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119375/fca-responds-to-market-review-on-delivering-finance-for-global-decarbonisation-and-uk-growth Transition finance remains a priority for us and we acknowledge the TFMR’s call for more communication on how we view its role within our wider work and regulation. Legal, Regulation & Compliance ECB opens door to faster pace of cuts News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119376/ecb-opens-door-to-faster-pace-of-cuts President Christine Lagarde noted that ‘we will determine what is the best rate, what is the best speed, how far, how deep we have to go to return inflation to its 2% medium-term target. Legal, Regulation & Compliance The Investment Association responds to FCA consultation on Value for Money Framework News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119383/the-investment-association-responds-to-fca-consultation-on-value-for-money-framework The recognition by regulators of the need for this to change – clearly signalled again in the FCA consultation – is very welcome. Legal, Regulation & Compliance FCA urged to learn from Value for Money funds regime News Aggregation Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119384/fca-urged-to-learn-from-value-for-money-funds-regime The IA urged the FCA to consider lessons on value assessment from other parts of the market Legal, Regulation & Compliance FCA launches premium finance market study alongside new Government insurance taskforce News Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119335/fca-launches-premium-finance-market-study-alongside-new-government-insurance-taskforce Premium finance allows people to pay for insurance in instalments. Legal, Regulation & Compliance BBVA ranks among the 15 most advanced banks in AI worldwide News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119387/bbva-ranks-among-the-15-most-advanced-banks-in-ai-worldwide The Evident AI Index evaluates the degree of implementation of data and AI technologies at the world’s 50 largest banks. FinTech The Crypto-Crackdown: A sign of more regulation to come? News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119390/the-crypto-crackdown-a-sign-of-more-regulation-to-come In the UK, one key regulatory move was made on 10 January 2020 FinTech Broadridge Expands OTC Derivatives Reporting Solution Across Multiple Jurisdictions News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119407/broadridge-expands-otc-derivatives-reporting-solution-across-multiple-jurisdictions Broadridge is also proactively expanding its offerings to include other updated regulatory regimes and asset classes FinTech Leonteq launches cooperation with Bergos News Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119341/leonteq-launches-cooperation-with-bergos As part of this cooperation, Bergos will utilise Leonteq’s technology platform to price and trade Bergos guaranteed structured products. FinTech SDX partners with fintech for crypto trading and custody News Aggregation Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119347/sdx-partners-with-fintech-for-crypto-trading-and-custody Investors can trade with post-trade clearing and settlement, so they do not need to pre-finance trading activities. FinTech Broadridge Launches Instant Payments Service, Aligned with New EU Regulations News Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119348/broadridge-launches-instant-payments-service-aligned-with-new-eu-regulations The Broadridge service supports real-time money transfers, operating 24/7/365, with transaction processing times of under 10 seconds from payer to beneficiary. FinTech Danske Bank Implements Broadridge’s Global Proxy Voting Solution to Enhance Investor Services News Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119349/danske-bank-implements-broadridgeamprsquos-global-proxy-voting-solution-to-enhance-investor-services The implementation extends the trusted strategic relationship between Danske Bank and Broadridge. FinTech Broadridge Launches Enhanced Operational Resilience Solution and Services for International Post-Trade Processing News Team Tuesday, October 15, 2024 1:00 am https://europe.managersofwealth.com/article/119306/broadridge-launches-enhanced-operational-resilience-solution-and-services-for-international-post-trade-processing Broadridge’s operational resilience services and solutions for international post-trade processing enable firms to mutualize the cost of ensuring business continuity in the face of growing cyber-attacks FinTech Banks and AI – It’s worth thinking outside the box News Aggregation Team Monday, October 14, 2024 1:00 am https://europe.managersofwealth.com/article/119268/banks-and-ai-ampndash-itamprsquos-worth-thinking-outside-the-box Nevertheless, there is a lot to be learned by looking beyond the box at the processes in other customer-oriented industries. FinTech Deutsche Bank goes live on new correspondent banking system, dbx News Team Monday, October 14, 2024 1:00 am https://europe.managersofwealth.com/article/119270/deutsche-bank-goes-live-on-new-correspondent-banking-system-dbx Deutsche Bank’s Institutional Cash and Trade announces the launch of dbX, paving the way for its next generation, fully integrated correspondent banking ecosystem. FinTech Top performing private equity-backed businesses leveraging new leadership to propel growth News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119389/top-performing-private-equity-backed-businesses-leveraging-new-leadership-to-propel-growth Sixth LCap Group Leadership Capital report shows the correlation between optimised leadership and financial performance on exit is becoming increasingly evident Alternative Investments Digital threats now as concerning as home burglaries, Allianz Partners survey finds News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119399/digital-threats-now-as-concerning-as-home-burglaries-allianz-partners-survey-finds Digital threats now as concerning as home burglaries, Allianz Partners survey finds Alternative Investments L&G expands index range with the launch of S&P 500 Equal Weight Index Fund News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119401/lampampg-expands-index-range-with-the-launch-of-sampampp-500-equal-weight-index-fund Targeting investors in UK wholesale markets, the Fund provides clients with equal weight exposure to issuers in the S&P 500. Alternative Investments LGIM’s property fund in sell mode to adopt more liquid model News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119405/lgimamprsquos-property-fund-in-sell-mode-to-adopt-more-liquid-model As the £1.2bn fund focuses nearly half of its assets on Reits to generate more liquidity, many direct property holdings are being sold. Alternative Investments Mediolanum’s investment rethink News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119409/mediolanumamprsquos-investment-rethink Mediolanum now employs 200 staff at its Dublin investment base Alternative Investments Janus Henderson launches active ETF focused on Japanese equities News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119410/janus-henderson-launches-active-etf-focused-on-japanese-equities The move builds on the firm’s successful active ETF offerings in the US, where it is the “fourth-largest provider of actively managed fixed income ETFs”. Alternative Investments Tougher risk controls curtail hedge fund trading activity, research shows News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119411/tougher-risk-controls-curtail-hedge-fund-trading-activity-research-shows Credit trading emerged as the most affected area, with hedge funds scaling back activity in response to tighter risk controls. Alternative Investments Defaqto reveals top 10 recommended MPS investments year to date to end of Q3 2024 News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119364/defaqto-reveals-top-10-recommended-mps-investments-year-to-date-to-end-of-q3-2024 The findings are from Defaqto’s whole of market data which includes more than 18,000 funds, and 2,700 DFM MPS portfolios, platforms and products. Alternative Investments Legal & General, Urbo and Sheffield City Council mark successful partnership to regenerate West Bar News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119368/legal-ampamp-general-urbo-and-sheffield-city-council-mark-successful-partnership-to-regenerate-west-bar Legal & General Chair, Sir John Kingman, and other senior leaders visit West Bar to handover site to Sheffield City Council. Alternative Investments L&G expands fixed income ETF range with the launch of ex-banks corporate bond UCITS ETF News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119370/lampampg-expands-fixed-income-etf-range-with-the-launch-of-ex-banks-corporate-bond-ucits-etf First of its kind ETF focuses on quality, stability, diversification and income. Alternative Investments 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 ABN AMRO announces interest rate averaging for mortgages News Team Thursday, October 10, 2024 1:00 am https://europe.managersofwealth.com/article/119228/abn-amro-announces-interest-rate-averaging-for-mortgages Whether a given client can benefit from interest rate averaging depends on several factors, including the type of mortgage, the interest rate and the remaining fixed-rate period. Investment Banking European Investment Bank crafts new funding plan to keep startups in the EU News Aggregation Team Wednesday, October 09, 2024 1:00 am https://europe.managersofwealth.com/article/119186/european-investment-bank-crafts-new-funding-plan-to-keep-startups-in-the-eu The focus will be on supporting late-stage growth and (upcoming) unicorns Investment Banking Commerzbank would lose clients in UniCredit merger, German lender's CEO says News Aggregation Team Monday, October 07, 2024 1:00 am https://europe.managersofwealth.com/article/119137/commerzbank-would-lose-clients-in-unicredit-merger-german-lenderamp039s-ceo-says Italy's second-biggest lender after Sanpaolo Intesa has been pressing for a tie-up while Commerzbank has been honing its defence. Investment Banking How a former Jefferies banker is battling burnout: ‘You need to enjoy the ride’ News Aggregation Team Monday, October 07, 2024 1:00 am https://europe.managersofwealth.com/article/119140/how-a-former-jefferies-banker-is-battling-burnout-amplsquoyou-need-to-enjoy-the-rideamprsquo Big investment banks are facing fresh scrutiny over the brutal hours clocked by their junior ranks. Investment Banking Cavendish: City investment bank warns of Budget ‘uncertainty’ News Aggregation Team Monday, October 07, 2024 1:00 am https://europe.managersofwealth.com/article/119143/cavendish-city-investment-bank-warns-of-budget-amplsquouncertaintyamprsquo Our profitable first half, in both public and private markets, demonstrates the broad appeal of our service offering and the efficiency of our platform”, the firm said on Monday. Investment Banking Saxo Bank launches new investor platform in UK News Aggregation Team Friday, October 04, 2024 1:00 am https://europe.managersofwealth.com/article/119094/saxo-bank-launches-new-investor-platform-in-uk As part of the launch, Saxo is offering $0 commissions on 100 of the most popular US stocks from 1 October to 31 December Investment Banking European Investment Bank lends Nexi €220m News Aggregation Team Thursday, September 26, 2024 1:00 am https://europe.managersofwealth.com/article/118939/european-investment-bank-lends-nexi-ampeuro220m The European Investment Bank (EIB) is lending Italian paytech giant Nexi Group €220 million to support digital payment innovation. Investment Banking Banks Ready to Forget Pain of Hung Debt Go Big on Buyout Funding News Aggregation Team Friday, September 20, 2024 1:00 am https://europe.managersofwealth.com/article/118842/banks-ready-to-forget-pain-of-hung-debt-go-big-on-buyout-funding Undaunted, large banks are once again making aggressive moves. Investment Banking World’s largest investment managers see assets hit $128 trillion in return to growth News Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119394/worldamprsquos-largest-investment-managers-see-assets-hit-128-trillion-in-return-to-growth The research also reveals the continued evolution of active vs. passive assets under management among the largest investment managers. Comment, Analysis & Research Revealed: RSMR names 2024 ‘R Award’ winners News Aggregation Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119365/revealed-rsmr-names-2024-amplsquor-awardamprsquo-winners The ‘R Awards’ recognise the funds RSMR analysts believe to be among the best-in-class Comment, Analysis & Research Infrastructure investments with impact News Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119331/infrastructure-investments-with-impact Companies participating in the infrastructure boom benefit from an unprecedented pipeline. Comment, Analysis & Research State pension set for 4.1% rise next April News Aggregation Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119337/state-pension-set-for-41-rise-next-april The rise, which is subject to official confirmation, is due to the triple lock formula. Comment, Analysis & Research Platinum Financial Planning sets out expansion plans News Aggregation Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119338/platinum-financial-planning-sets-out-expansion-plans Headquartered in Belfast, the independent financial planning firm also has a London office, allowing it to cater to clients across the UK. Comment, Analysis & Research “If Trump wins, the Fed may not be able to lower interest rates to the target level of 3.5%” – an interview with Nannette Hechler-Fayd’herbe News Team Wednesday, October 16, 2024 1:00 am https://europe.managersofwealth.com/article/119323/ampldquoif-trump-wins-the-fed-may-not-be-able-to-lower-interest-rates-to-the-target-level-of-35amprdquo-ampndash-an-interview-with-nannette-hechler-faydamprsquoherbe She also gives her outlook for assets, and defends her current preference for fixed-income over equities. Comment, Analysis & Research Rethink Perspectives: a look at 2025, between geopolitical risks and economic normalisation News Team Monday, October 14, 2024 1:00 am https://europe.managersofwealth.com/article/119258/rethink-perspectives-a-look-at-2025-between-geopolitical-risks-and-economic-normalisation For investors, it can feel as if there is a growing cacophony of conflicting opinions, forecasts, and breaking news, making it harder than ever to take informed investment decisions. Comment, Analysis & Research Billionaires: Bernard Arnault set to buy Paris FC in partnership with Red Bull News Aggregation Team Monday, October 14, 2024 1:00 am https://europe.managersofwealth.com/article/119260/billionaires-bernard-arnault-set-to-buy-paris-fc-in-partnership-with-red-bull In our round-up of the world’s ultra-wealthy, Gautam Adani’s flagship company seeks to raise $500 million through share sale, and social media platform X is cleared to resume service in Brazil after Elon Musk agrees to judge’s demands Comment, Analysis & Research Nearly one in three UK business owners have fast-tracked exit strategies over past 12 months as possible CGT Budget raid looms News Team Friday, October 11, 2024 1:00 am https://europe.managersofwealth.com/article/119247/nearly-one-in-three-uk-business-owners-have-fast-tracked-exit-strategies-over-past-12-months-as-possible-cgt-budget-raid-looms This is an uplift on the 23% who said 18 months ago** that they had brought forward business exits over the previous year. Comment, Analysis & Research New rates, new rules News Team Thursday, October 10, 2024 1:00 am https://europe.managersofwealth.com/article/119199/new-rates-new-rules Monetary easing should continue across most developed economies as inflation gradually falls. Comment, Analysis & Research Will Labour’s inheritance tax revamp be a tax grab or genuine reform? News Aggregation Team Monday, October 21, 2024 1:00 am https://europe.managersofwealth.com/article/119388/will-labouramprsquos-inheritance-tax-revamp-be-a-tax-grab-or-genuine-reform Yet more reports are now suggesting that the government is planning to increase the amount of money it raises in inheritance tax Tax Almost half of business owners would consider leaving UK if Budget delivers tax blows News Team Friday, October 18, 2024 1:00 am https://europe.managersofwealth.com/article/119382/almost-half-of-business-owners-would-consider-leaving-uk-if-budget-delivers-tax-blows The UK-wide survey of 500 business owners with turnovers of £5m upwards reveals that nearly half (48%) would consider moving their businesses abroad if tax changes on October 30th were clearly unfavourable. Tax Chancellor mulls CGT rise on sale of shares, but second homes to be excluded News Team Thursday, October 17, 2024 1:00 am https://europe.managersofwealth.com/article/119344/chancellor-mulls-cgt-rise-on-sale-of-shares-but-second-homes-to-be-excluded Without a delay before implementation, higher CGT rates might encourage individuals to hold onto their assets longer Tax Removing IHT tax break on AIM stocks ‘might make it unfit for purpose’ News Aggregation Team Monday, October 14, 2024 1:00 am https://europe.managersofwealth.com/article/119266/removing-iht-tax-break-on-aim-stocks-amplsquomight-make-it-unfit-for-purposeamprsquo The AIM is a sub-market of the London Stock Exchange that is designed to help smaller companies access capital from the public market. Tax Less offshore secrecy is central to any boost from wealth taxes News Aggregation Team Monday, October 14, 2024 1:00 am https://europe.managersofwealth.com/article/119273/less-offshore-secrecy-is-central-to-any-boost-from-wealth-taxes A UK transparency levy would kick-start global efforts to make it harder to conceal business ownership and beneficiaries Tax WMs warn Labour not to dent small-cap momentum with Budget tax tinkering News Aggregation Team Monday, October 14, 2024 1:00 am https://europe.managersofwealth.com/article/119281/wms-warn-labour-not-to-dent-small-cap-momentum-with-budget-tax-tinkering Concern is growing that the government could damage the UK small-cap story by tinkering with business relief in its Budget. Tax France Wealth Tax Charges Explained: How to Budget for Your Tax Liabilities as a Foreign National Resident News Team Friday, October 11, 2024 1:00 am https://europe.managersofwealth.com/article/119234/france-wealth-tax-charges-explained-how-to-budget-for-your-tax-liabilities-as-a-foreign-national-resident The previous system charged a wealth tax on a broader range of assets, including savings accounts, investment products, vehicles, jewellery, and art. Tax Industry responds as UK chancellor considers raising CGT to 39% News Aggregation Team Friday, October 11, 2024 1:00 am https://europe.managersofwealth.com/article/119249/industry-responds-as-uk-chancellor-considers-raising-cgt-to-39 Unless there is a delay before implementation, increasing CGT rates would likely only incentivise people to hold assets for the long term rather than result in a quick and immediate increase in revenue. Tax Tax havens continue to facilitate theft out of developing countries News Aggregation Team Thursday, October 10, 2024 1:00 am https://europe.managersofwealth.com/article/119227/tax-havens-continue-to-facilitate-theft-out-of-developing-countries We also reported that among the countries that vetoed the initial proposal in November 2023 – and lost to the majority who voted in favour of it – were the US, UK, and all EU member countries. Tax Potential pension tax cut will spark fear and uncertainty among NHS workers News Team Wednesday, October 09, 2024 1:00 am https://europe.managersofwealth.com/article/119184/potential-pension-tax-cut-will-spark-fear-and-uncertainty-among-nhs-workers The government really needs to start thinking about the consequential impact. Tax 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 Majority of advisers say consumer duty has been positive News Aggregation Team Wednesday, September 25, 2024 1:00 am https://europe.managersofwealth.com/article/118904/majority-of-advisers-say-consumer-duty-has-been-positive At the start of the all day event, advisers present voted by 92 per cent to 8 per cent that the new rules have had a positive impact. Retail Banking Nationwide offers £175 bank account switching bonus and 1% cashback News Aggregation Team Wednesday, September 25, 2024 1:00 am https://europe.managersofwealth.com/article/118908/nationwide-offers-amppound175-bank-account-switching-bonus-and-1-cashback Previously when it has offered this switching bonus, it has seen a record number of people switch account. Retail Banking Santander announces its participation in Project Agorá News Team Monday, September 23, 2024 1:00 am https://europe.managersofwealth.com/article/118852/santander-announces-its-participation-in-project-agorampaacute The BIS and the IIF selected a diverse set of firms from applicants that met the eligibility requirements and other criteria laid out in the public call for participation. Retail Banking ING customer switch: the bulk of onboarding wave has passed News Aggregation Team Monday, September 23, 2024 1:00 am https://europe.managersofwealth.com/article/118860/ing-customer-switch-the-bulk-of-onboarding-wave-has-passed The process of off-boarding ING customers is therefore not yet complete. Retail Banking Retail banking study 2035: Adaptability and new advisory approaches as the key to future success News Team Thursday, September 19, 2024 1:00 am https://europe.managersofwealth.com/article/118800/retail-banking-study-2035-adaptability-and-new-advisory-approaches-as-the-key-to-future-success Despite the downward trend, margins still have a comfortable crumple zone. Retail Banking Barclays struggling to sell stake in UK payments business, sources say News Aggregation Team Monday, September 16, 2024 1:00 am https://europe.managersofwealth.com/article/118708/barclays-struggling-to-sell-stake-in-uk-payments-business-sources-say The difficulties come after a sell-off in the European payments sector over the last three years 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 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 EBRD invests €100 million in Green Genius News Team Monday, October 07, 2024 1:00 am https://europe.managersofwealth.com/article/119124/ebrd-invests-ampeuro100-million-in-green-genius The proceeds will support the firm’s European growth strategy, which includes the development of more than 2 GW of renewable energy. Planet SOS Nordex Group receives order for 66 MW from the UK News Team Thursday, October 03, 2024 1:00 am https://europe.managersofwealth.com/article/119064/nordex-group-receives-order-for-66-mw-from-the-uk The order also includes a Premium Service contract for the turbines over 30 years. Planet SOS Sharp rise in fossil energy consumption in Dutch industry News Team Wednesday, October 02, 2024 1:00 am https://europe.managersofwealth.com/article/119031/sharp-rise-in-fossil-energy-consumption-in-dutch-industry The climate and energy crises have increased the importance of measuring sustainability in industry. Planet SOS Mercia backs seven-figure buy-out at environmental consultancy News Team Wednesday, October 02, 2024 1:00 am https://europe.managersofwealth.com/article/119040/mercia-backs-seven-figure-buy-out-at-environmental-consultancy It allows the founder Colin Jones to realise his investment in the company though he will continue to provide strategic advice in the role of Non-executive Chairman. Planet SOS Macquarie Asset Management agrees to acquire ZITON, a specialist in offshore wind O&M services, from Permira Credit News Team Tuesday, October 01, 2024 1:00 am https://europe.managersofwealth.com/article/119016/macquarie-asset-management-agrees-to-acquire-ziton-a-specialist-in-offshore-wind-oampampm-services-from-permira-credit The European offshore wind market is currently the largest in the world and it continues to play a key role in securing the region’s energy security and transition. Planet SOS Credit Agricole unit buys into 127-MW wind portfolio in France News Aggregation Team Monday, September 30, 2024 1:00 am https://europe.managersofwealth.com/article/118997/credit-agricole-unit-buys-into-127-mw-wind-portfolio-in-france The company, which finances renewable energy projects and is also involved in the supply of electricity, has set a goal of having 2 GW of installed renewable energy capacity by 2028. Planet SOS Asset owners urged to prioritise decarbonisation over short-term returns News Aggregation Team Friday, September 27, 2024 1:00 am https://europe.managersofwealth.com/article/118971/asset-owners-urged-to-prioritise-decarbonisation-over-short-term-returns It stated that legal discussions surrounding fiduciary duty have opened the door for asset owners Planet SOS