Managers of Wealth - Europe http://eubankers.net/ Sun, 17 Jan 2021 00:59:23 GMT part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Van Lanschot Kempen completes acquisition of Hof Hoorneman Bankiers News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87600/van-lanschot-kempen-completes-acquisition-of-hof-hoorneman-bankiers We expect to complete the integration of Hof Hoorneman Bankiers' clients, employees and funds by the end of 2021. Wealth and Asset Management ‘Worry about 2023’: ZKB CIO Schenk shares three trends for the future News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87611/amplsquoworry-about-2023amprsquo-zkb-cio-schenk-shares-three-trends-for-the-future ‘I would say worry about 2023. Because while the pandemic might be over in 2022, we will see the economic consequences of it in 2023 and afterwards,' he said. Wealth and Asset Management Citi Unifies Global Wealth Management Business News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87613/citi-unifies-global-wealth-management-business “Citi Global Wealth” to Deliver Full Spectrum of Products and Services Globally Wealth and Asset Management Top 2021 Wealth Management Trends. What's Actually Changing? News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87624/top-2021-wealth-management-trends-whatamp039s-actually-changing While hoping that 2021 will bring us back to normal, it is time to re-examine the trends that are inexorably affecting the core of the industry. Wealth and Asset Management Wildebeest investors and the dangers of the herd News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87625/wildebeest-investors-and-the-dangers-of-the-herd Safety in numbers is not always the best approach Wealth and Asset Management Mattioli Woods acquires BDO business News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87634/mattioli-woods-acquires-bdo-business The EPUT business’s experienced team of three employees will join Mattioli Woods and operate from the Group’s existing office in Belfast. Wealth and Asset Management Capgemini named a Leader by NelsonHall in its NEAT evaluation for Quality Engineering Services News Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87555/capgemini-named-a-leader-by-nelsonhall-in-its-neat-evaluation-for-quality-engineering-services Capgemini also continues to develop its continuous testing/DevOps platforms and is one the few firms that is taking steps to automate UX testing, beyond accessibility testing. Wealth and Asset Management Fidelity launches UK wealth management arm News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87560/fidelity-launches-uk-wealth-management-arm Fidelity Wealth Management will offer investment and retirement services. Wealth and Asset Management Nick Train singles out Schroders as he targets burgeoning private wealth space News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87562/nick-train-singles-out-schroders-as-he-targets-burgeoning-private-wealth-space Schroders, M&G and Fidelity have all made plays in the wealth management space Wealth and Asset Management Personalising Banking CX: the 'next normal' News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87568/personalising-banking-cx-the-amp039next-normalamp039 Offering personalised experiences tailored to personas is definitely the ‘next normal’. Wealth and Asset Management Intesa Sanapolo to hire 3500 new staff as 7200 take voluntary exit package News Team Saturday, January 16, 2021 12:00 am http://eubankers.net/article/87643/intesa-sanapolo-to-hire-3500-new-staff-as-7200-take-voluntary-exit-package It follows the agreement signed with the Trade Unions on 30 December 2020 regarding the 5,107 people who are part of the going concern to be sold to BPER Banca. Executive Moves Mickey Morrissey appointed to AIC Board News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87595/mickey-morrissey-appointed-to-aic-board Mickey is also Non-Executive Director and Treasurer of veterans’ mental health charity, Combat Stress, as well as a director of the Forces Pension Society Investment Company. Executive Moves CISI appointed Chair of Training News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87605/cisi-appointed-chair-of-training He takes over the role of Chair from Carl Redfern Executive Moves Basel WM hires ex-BKB deputy CEO News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87609/basel-wm-hires-ex-bkb-deputy-ceo The company also announced that its technology programme has been expanded over the last year. Executive Moves River and Mercantile boosts Wholesale team News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87618/river-and-mercantile-boosts-wholesale-team Pearse is the third senior wholesale hire in just over six months as the company continues to invest heavily in distribution across the group. Executive Moves Societe Generale appointments Chief Risk Officer News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87619/societe-generale-appointments-chief-risk-officer She was previously Group Deputy Chief Risk Officer since September 2019 and replaces Sylvie Rémond who will become advisor to the Risk top management team. Executive Moves Hogan Lovells raids Baker McKenzie News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87635/hogan-lovells-raids-baker-mckenzie Hires of partners Matthieu Grollemund and Hélène Parent follows recent PE appointments in London, Shanghai and Frankfurt Executive Moves Frontier IP appoints City veteran News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87636/frontier-ip-appoints-city-veteran Darren Winter, a former senior sales director whose experience includes sales director roles at HSBC, has been appointed to assist Frontier's portfolio companies with their fundraising requirements Executive Moves State Street Strengthens Asset Owner Business with Senior Appointments News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87637/state-street-strengthens-asset-owner-business-with-senior-appointments The senior appointments are the latest in a series of strategic moves and enhancements State Street has made in the past year to strengthen its talent, enhance its technology and deepen relationship with its asset owner clients. Executive Moves Capgemini announces leadership appointments News Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87558/capgemini-announces-leadership-appointments Each of the newly appointed executives, announced today, brings to their position a series of outstanding achievements and a depth of experience from which our clients, team members and the Group as whole will benefit greatly. Executive Moves Supreme Court judgment in FCA’s business interruption insurance test case News Aggregation Team Saturday, January 16, 2021 12:00 am http://eubankers.net/article/87638/supreme-court-judgment-in-fcaamprsquos-business-interruption-insurance-test-case This test case involved complex legal issues. Legal, Regulation & Compliance Financial Regulation Update News Team Saturday, January 16, 2021 12:00 am http://eubankers.net/article/87642/financial-regulation-update The FCA has also published an accompanying instruction guide and has updated its webpage on defined benefit pension transfers accordingly. Legal, Regulation & Compliance TPR issues update on funding proposals News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87603/tpr-issues-update-on-funding-proposals The draft Code will contain firm proposals, with TPR saying "we will certainly take account of COVID-19 when...we develop Fast Track guidelines". Legal, Regulation & Compliance EU Exit: FCA lists MoUs with European authorities News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87604/eu-exit-fca-lists-mous-with-european-authorities The Guidance currently contains some references - listed in the note - which are no longer appropriate and will be amended in due course. Legal, Regulation & Compliance HSBC introduces monthly €5 fee for banking services News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87606/hsbc-introduces-monthly-ampeuro5-fee-for-banking-services Low earners, pensioners could be impacted, Consumers' Association warns Legal, Regulation & Compliance FCA performance scorecard - comparison metrics for personal current accounts 2021 News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87607/fca-performance-scorecard-comparison-metrics-for-personal-current-accounts-2021 The survey results are published twice a year Legal, Regulation & Compliance Call for experts to join Network on Pension Tracking Systems News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87610/call-for-experts-to-join-network-on-pension-tracking-systems The expertise gathered from the Network should benefit current work of EIOPA to identify best practices for the set-up of a National Pension Tracking System tool following the call for advice from the European Commission. Legal, Regulation & Compliance Update on Pension Regulation in Jersey News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87622/update-on-pension-regulation-in-jersey The Government of Jersey announced in December 2020 that the phased introduction of regulation of private pensions provided by local financial services businesses is to proceed following two consultations on the matter in 2018 and 2019 Legal, Regulation & Compliance Brexit will spur divergence in the regulation of digital services News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87623/brexit-will-spur-divergence-in-the-regulation-of-digital-services Digital trade under the agreement is guided by the overarching principle of 'national treatment' which stems from the General Agreement on Tariffs and Trade (GATT). Legal, Regulation & Compliance Further commentary on the new EU-UK Trade and Cooperation Agreement News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87563/further-commentary-on-the-new-eu-uk-trade-and-cooperation-agreement Note that the landing page of our Beyond Brexit Legal Guide is being updated so that the relevant sections will soon also have links to relevant updates from our Beyond Brexit blog. Legal, Regulation & Compliance Credit Suisse names Disruptive Technology Recognition winners News Team Saturday, January 16, 2021 12:00 am http://eubankers.net/article/87644/credit-suisse-names-disruptive-technology-recognition-winners The program gives a chance for participants to collaborate to promote innovation at the bank and partner firms. FinTech IRIS Software Group accelerates cloud-based practice management with acquisition of Senta News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87594/iris-software-group-accelerates-cloud-based-practice-management-with-acquisition-of-senta Senta joining the IRIS family allows us to revolutionise the cloud practice management market, delivering the functionality they require today, regardless of location. FinTech These are the Top Fintech (Financial Technology) Companies in Europe (2021) News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87608/these-are-the-top-fintech-financial-technology-companies-in-europe-2021 These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow. FinTech Glafka Capital launches crypto arbitrage hedge fund News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87627/glafka-capital-launches-crypto-arbitrage-hedge-fund Glafka and Valk are working on offering secondary market opportunities for Glafka’s digital products, unlocking opportunities in market liquidity thanks to the interoperability VALK enables through its Corda-powered technology. FinTech Raisin to support PEAC Bank’s entry into the deposit business News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87629/raisin-to-support-peac-bankamprsquos-entry-into-the-deposit-business PEAC Finance specialises in investment and sales financing for a range of financial products and industries. FinTech UK Leads Europe In AI Adoption News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87554/uk-leads-europe-in-ai-adoption The UK is leading the way in Europe when it comes to the adoption of AI, with a fifth (18%) of companies based here already at the most advanced stage of AI maturity, the highest proportion in Europe, ahead of Germany (16%) and France (12%). FinTech President of the European Central Bank Christine Lagarde calls for global regulation of bitcoin News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87570/president-of-the-european-central-bank-christine-lagarde-calls-for-global-regulation-of-bitcoin Bitcoin’s price has hit record highs in recent weeks. FinTech Fenergo to Transform Investor Lifecycle Management for Top Five Global Investment Management Firm News Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87584/fenergo-to-transform-investor-lifecycle-management-for-top-five-global-investment-management-firm Leading investment management firm with approx. $2 trillion asset under management (AUM) to digitally transform investor, counterparty and intermediary lifecycle management with Fenergo FinTech Scotland among European frontrunners in digital government services News Aggregation Team Wednesday, January 13, 2021 12:00 am http://eubankers.net/article/87504/scotland-among-european-frontrunners-in-digital-government-services Over the course of the programme, 4,500 new fibre street cabinets have been deployed alongside more than 11,000 kilometres of cable, including subsea cable for 20 crossings to Scottish islands. FinTech Willis Towers Watson launches suite of cyber assessments to help clients better manage cyber risk News Team Wednesday, January 13, 2021 12:00 am http://eubankers.net/article/87505/willis-towers-watson-launches-suite-of-cyber-assessments-to-help-clients-better-manage-cyber-risk The Cyber Risk Solutions (CRS) team at Willis Towers Watson offers tailored and flexible risk consulting services that support insurance goals, align cyber risk management with business objectives and deliver cost effective cyber risk resilience. FinTech How can UK alternative fund managers access European investors post-Brexit? News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87597/how-can-uk-alternative-fund-managers-access-european-investors-post-brexit With the EU passport no longer available, Senior Consultant - Fund Services, Melville Rodrigues considers the solutions for UK real estate managers to continue to access European investors. Alternative Investments Ashmore assets rise 9 per cent but net outflows persist News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87612/ashmore-assets-rise-9-per-cent-but-net-outflows-persist Investors did not seem too phased by the continued outflows with its share price rising more than one per cent in early trading before dipping to trade 0.4 per cent lower. Alternative Investments Advisers bullish on sector prospects but waiver on UK economic outlook - survey News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87614/advisers-bullish-on-sector-prospects-but-waiver-on-uk-economic-outlook-survey Standard Life adviser survey Alternative Investments UK Asset Owners and Managers to Form Sustainability Alliance News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87616/uk-asset-owners-and-managers-to-form-sustainability-alliance Nest and others are discussing how to embed environmental and other worthy goals into manager disclosures and selection. Alternative Investments From pro footballer to financial adviser News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87620/from-pro-footballer-to-financial-adviser Ex-Premier League star sees ‘a lot of similarities’ between his previous career and wealth management Alternative Investments New name for STM Malta News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87626/new-name-for-stm-malta The growth strategy is based on 5 key strengths: Superior customer service, strong knowledge base and financial resources, people development, up-to-date organisational operations, and strategic partnerships. Alternative Investments Diving dollar drives Ashmore assets higher despite outflows News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87640/diving-dollar-drives-ashmore-assets-higher-despite-outflows Assets under management at Ashmore rose 9% in the final quarter of 2020 as investors dived back into emerging market equity. Alternative Investments Punter Southall CIO: Growth in the UK will be slow News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87553/punter-southall-cio-growth-in-the-uk-will-be-slow Punter Southall Wealth is a division of the parent company that incorporates the Psigma Investment Management business, which Punter Southall has owned for many years. Alternative Investments Why we left the DB introducer market News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87556/why-we-left-the-db-introducer-market Harrison said it was a positive business decision, and one the firm chose to make to ensure they were not forced to make it at a later date. Alternative Investments Succession halves loss in year of financial 'step up' News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87573/succession-halves-loss-in-year-of-financial-amp039step-upamp039 Succession also reported a slight increase in assets, which grew to £7.67bn up from £7.47bn the previous year, and a turnover of £74.3m overall for the year. Alternative Investments M&G instigates fee cuts across 75% of UK OEIC AUM News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87630/mampampg-instigates-fee-cuts-across-75-of-uk-oeic-aum Changes affect 45 funds Investment Banking Commerzbank suspends coverage of groups tracked by former Wirecard analyst News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87631/commerzbank-suspends-coverage-of-groups-tracked-by-former-wirecard-analyst Move comes after it emerged that Heike Pauls had briefed payment group’s managers about hedge fund’s criticism Investment Banking StanChart investment banking head emerges as frontrunner in CEO succession News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87567/stanchart-investment-banking-head-emerges-as-frontrunner-in-ceo-succession Simon Cooper becomes internal ‘heir apparent’ to Bill Winters at emerging-markets lender Investment Banking Commerzbank raises bad loan provisions as lockdown drags on News Aggregation Team Friday, January 08, 2021 12:00 am http://eubankers.net/article/87390/commerzbank-raises-bad-loan-provisions-as-lockdown-drags-on Germany’s second-largest lender earmarks ‘at least’ €1.7bn for losses, its second increase since November Investment Banking EIB Group and BNP Paribas launch new securitisation operation to support French companies facing the consequences of the COVID-19 crisis News Team Friday, January 08, 2021 12:00 am http://eubankers.net/article/87395/eib-group-and-bnp-paribas-launch-new-securitisation-operation-to-support-french-companies-facing-the-consequences-of-the-covid-19-crisis The financing operations may take the form of bank loans or leasing transactions. The beneficiaries of this financing will have access to favourable financial terms via an onlending deal granted by the EIB. Investment Banking Lawyers brace for banker bonus backlash: ‘This round will be more fraught than usual’ News Aggregation Team Monday, January 04, 2021 12:00 am http://eubankers.net/article/87224/lawyers-brace-for-banker-bonus-backlash-amplsquothis-round-will-be-more-fraught-than-usualamprsquo This bonus season, bank bosses have a particularly delicate balancing act. The annual tradition of culling underperformers to preserve the overall bonus pool will be especially tough Investment Banking Deutsche Bank CEO Seeks Key Role in Banking Consolidation: Welt News Aggregation Team Sunday, January 03, 2021 12:00 am http://eubankers.net/article/87216/deutsche-bank-ceo-seeks-key-role-in-banking-consolidation-welt Profit from lending is under pressure due to Europe’s negative interest rates. Investment Banking HSBC break-up will turbocharge CEO's more lucrative Asian pivot News Aggregation Team Thursday, December 31, 2020 12:00 am http://eubankers.net/article/87201/hsbc-break-up-will-turbocharge-ceoamp039s-more-lucrative-asian-pivot Though HSBC is already cutting roughly a third of its US retail branches, offloading the unit would be cleaner. Investment Banking Big changes ahead in Spain's Banking Sector News Aggregation Team Monday, December 28, 2020 12:00 am http://eubankers.net/article/87134/big-changes-ahead-in-spainamp039s-banking-sector CaixaBank-Bankia merger finalised Investment Banking Deutsche Bank bets on Asia recovery, targets higher profitability in region, APAC CEO says News Aggregation Team Thursday, December 24, 2020 12:00 am http://eubankers.net/article/87107/deutsche-bank-bets-on-asia-recovery-targets-higher-profitability-in-region-apac-ceo-says That compares with a ROTE of 10 per cent in the region this year. Investment Banking Guernsey: Agility in a time of crisis News Team Saturday, January 16, 2021 12:00 am http://eubankers.net/article/87645/guernsey-agility-in-a-time-of-crisis The pandemic has also catalysed interest in the much-vaunted green sector as lockdowns have reemphasised the value of the natural world. Comment, Analysis & Research UK stock market – a change in fortunes on the way? News Team Saturday, January 16, 2021 12:00 am http://eubankers.net/article/87646/uk-stock-market-ampndash-a-change-in-fortunes-on-the-way With the Brexit deal done and the vaccine roll out gaining speed, could the fortunes of unloved UK shares be turning? We share our outlook and what it could mean for investors. Comment, Analysis & Research 70% of UK financial services professionals 'not confident' their firm conducts ethical finance News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87632/70-of-uk-financial-services-professionals-amp039not-confidentamp039-their-firm-conducts-ethical-finance Scepticism towards companies' commitments Comment, Analysis & Research Saving for retirement: why everyone needs a plan News Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87557/saving-for-retirement-why-everyone-needs-a-plan The fundamentals of saving for retirement are simple, and an adviser can help with decisions along the way Comment, Analysis & Research Crystal ball gazing for the year ahead News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87569/crystal-ball-gazing-for-the-year-ahead Who would have thought in the dark days of March 2020 that the year would actually turn out to be a good one for investors? Multiple risks remain and new ones could certainly emerge, yet there are also rewards to be had, too Comment, Analysis & Research Be careful what you own News Aggregation Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87575/be-careful-what-you-own This alone makes the response to Covid the single most lethal policy that Governments have ever adopted Comment, Analysis & Research Willis Towers Watson's Jana Mercereau on M&A trends for 2021 News Aggregation Team Wednesday, January 13, 2021 12:00 am http://eubankers.net/article/87506/willis-towers-watsonamp039s-jana-mercereau-on-mampampa-trends-for-2021 “While the world in 2021 remains a volatile place, pent up demand, ample funding, ultra-low interest rates and confidence returning to boardrooms indicate conditions are ripe for one of the biggest M&A years on record.” Comment, Analysis & Research Real estate managers face rising operational costs as investor reporting demands grow News Team Wednesday, January 13, 2021 12:00 am http://eubankers.net/article/87552/real-estate-managers-face-rising-operational-costs-as-investor-reporting-demands-grow Real estate debt, once a relatively niche proposition, has now grown into a highly attractive, competitive market. Comment, Analysis & Research Goldman names the European tech companies to watch as sector reaches ‘tipping point News Aggregation Team Tuesday, January 12, 2021 12:00 am http://eubankers.net/article/87474/goldman-names-the-european-tech-companies-to-watch-as-sector-reaches-amplsquotipping-point Goldman Sachs has named a number of European tech companies it says are set to benefit from the acceleration of the region’s digital economy. Comment, Analysis & Research How will 2020 impact the future of the aviation industry? News Team Tuesday, January 12, 2021 12:00 am http://eubankers.net/article/87488/how-will-2020-impact-the-future-of-the-aviation-industry The commercial airlines suffered badly in 2020. Passenger numbers fell by 70% and, on average, remain at less than 45% of 2019 levels throughout the year. Comment, Analysis & Research Second London Hedge Fund Worker Facing Extradition over Tax Scandal News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87615/second-london-hedge-fund-worker-facing-extradition-over-tax-scandal Duet Group employee will try to use Brexit to stop extradition Tax KPMG announce new Crown Dependencies practice News Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87574/kpmg-announce-new-crown-dependencies-practice KPMG in the Channel Islands and KPMG in the Isle of Man announce the merger of their businesses to form a single Crown Dependencies practice. Tax Will Budget tax increases become Covid-19 casualties? News Aggregation Team Wednesday, January 13, 2021 12:00 am http://eubankers.net/article/87514/will-budget-tax-increases-become-covid-19-casualties Should capital gains tax rates be raised? Tax Carried interest in 2021: New guidance for tax on income associated with services provided to investment partnerships News Team Wednesday, January 13, 2021 12:00 am http://eubankers.net/article/87515/carried-interest-in-2021-new-guidance-for-tax-on-income-associated-with-services-provided-to-investment-partnerships Treasury made several significant changes in the rules, many of which are to the benefit of taxpayers. Tax Belgium adopts multiple defensive tax measures towards EU blacklisted jurisdictions News Team Tuesday, January 12, 2021 12:00 am http://eubankers.net/article/87479/belgium-adopts-multiple-defensive-tax-measures-towards-eu-blacklisted-jurisdictions The list includes non-EU countries and territories that do not comply with certain “tax good governance standards” relating to transparency, fair taxation and implementation of the minimum standards agreed at OECD level as part of the Base Ero Tax Managing tax if the client moves abroad News Aggregation Team Tuesday, January 12, 2021 12:00 am http://eubankers.net/article/87491/managing-tax-if-the-client-moves-abroad There are several parts to the Statutory Residence Test. Broadly, in deciding the UK tax residence position for a tax year the Test involves counting days of presence in the UK, and a consideration of the connecting factors to the UK. Tax UK Inheritance Tax Reform: rates, reliefs and responsibility News Team Friday, January 08, 2021 12:00 am http://eubankers.net/article/87361/uk-inheritance-tax-reform-rates-reliefs-and-responsibility The OTS’s report has flagged that the effective rate for very large estates (i.e. estates over £7m) is, in fact, in the region of 10% once all relevant reliefs and exemptions are properly applied. Tax UK Inheritance Tax Reform: lessons from Europe News Team Friday, January 08, 2021 12:00 am http://eubankers.net/article/87363/uk-inheritance-tax-reform-lessons-from-europe As for the connecting factors based on where to charge IHT, most European countries use either the situs of the assets or the residence of the donor (and more rarely the residence of the donee) as the connecting factor to charge succession or donation tax Tax Advisers urged to brush up on tax rules after govt u-turn News Aggregation Team Friday, January 08, 2021 12:00 am http://eubankers.net/article/87382/advisers-urged-to-brush-up-on-tax-rules-after-govt-u-turn At the end of the Brexit transition period many EU directives and other regulations ceased to apply to the UK. Tax Brooks Macdonald removes VAT from its managed portfolio service News Aggregation Team Thursday, January 07, 2021 12:00 am http://eubankers.net/article/87343/brooks-macdonald-removes-vat-from-its-managed-portfolio-service The change will apply to Brooks Macdonald's custody MPS and those held on third party platforms (platform MPS). Tax Orange Bank acquires French neobank Anytime News Aggregation Team Friday, January 08, 2021 12:00 am http://eubankers.net/article/87393/orange-bank-acquires-french-neobank-anytime Anytime will continue its market growth under the leadership of its co-founders Damien Dupouy and Thierry Peyre. Retail Banking BNP Paribas to become sole sharheolder in bpost bank JV News Team Monday, January 04, 2021 12:00 am http://eubankers.net/article/87237/bnp-paribas-to-become-sole-sharheolder-in-bpost-bank-jv The term of the current partnership is set to end on 31 December 2021. Retail Banking As big banks see profit margins squeezed could we really be paying for current accounts in 2021? News Aggregation Team Sunday, January 03, 2021 12:00 am http://eubankers.net/article/87213/as-big-banks-see-profit-margins-squeezed-could-we-really-be-paying-for-current-accounts-in-2021 2020 has seen current account cashback and interest perks cut or disappear Retail Banking European banks struggle to crack US retail market News Aggregation Team Wednesday, December 30, 2020 12:00 am http://eubankers.net/article/87184/european-banks-struggle-to-crack-us-retail-market Lenders squeezed out as American rivals double down on domestic operations Retail Banking Spain's Unicaja, Liberbank to approve merger at Tuesday board meetings News Aggregation Team Tuesday, December 29, 2020 12:00 am http://eubankers.net/article/87144/spainamp039s-unicaja-liberbank-to-approve-merger-at-tuesday-board-meetings Banks in Europe are grappling with record low interest rates and the economic impact of the pandemic is forcing them to make further cost cuts. Retail Banking Irish consumer and business sentiment picks up in December News Aggregation Team Tuesday, December 29, 2020 12:00 am http://eubankers.net/article/87149/irish-consumer-and-business-sentiment-picks-up-in-december Bank of Ireland Economic Pulse was up 3.2 on last month but down 12.8 on a year ago Retail Banking Santander further tightens self-employed evidence requirements News Aggregation Team Thursday, December 24, 2020 12:00 am http://eubankers.net/article/87105/santander-further-tightens-self-employed-evidence-requirements Where SA302s are used to prove income –the business turnover must be provided to help cross reference with bank statements. Retail Banking Co-op Bank acquisition talks fall through News Team Tuesday, December 22, 2020 12:00 am http://eubankers.net/article/87031/co-op-bank-acquisition-talks-fall-through The Bank’s majority shareholders have now confirmed that these discussions have ended. Retail Banking PagoFX launches international money transfer service in Spain News Team Tuesday, December 22, 2020 12:00 am http://eubankers.net/article/87038/pagofx-launches-international-money-transfer-service-in-spain Due to the pandemic and travel restrictions, PagoFX is helping Spanish residents with a no-fee programme, which lets all users to send up to €1.000 in different transactions at no fee until 28 February 2021, and higher amounts at a low cost. Retail Banking BBVA, the first bank to integrate its app in Xiaomi mobile phones in Europe News Aggregation Team Friday, December 11, 2020 12:00 am http://eubankers.net/article/86773/bbva-the-first-bank-to-integrate-its-app-in-xiaomi-mobile-phones-in-europe This new alliance is one more step within the different collaborations and agreements that we have signed with global partners Retail Banking Quarter of women waive pension rights in divorce News Team Monday, January 04, 2021 12:00 am http://eubankers.net/article/87241/quarter-of-women-waive-pension-rights-in-divorce Women are more likely to face financial struggles following a divorce from their partner (31% women vs. 21%) and this is particularly true for older women who divorce. Pensions Ideas for reducing pension costs in the UK News Team Monday, December 21, 2020 12:00 am http://eubankers.net/article/86992/ideas-for-reducing-pension-costs-in-the-uk The benefit of doing this is that there is a National Insurance contribution saving for the employer and employee. Pensions Good things do not always come in small packages, particularly pensions News Team Friday, December 18, 2020 12:00 am http://eubankers.net/article/86952/good-things-do-not-always-come-in-small-packages-particularly-pensions That’s five different pension pots, and when those pots are small they may not be the best place for your money as costs and charges could significantly erode the value of the pot. Pensions UK publishes data standards for pensions dashboard News Aggregation Team Wednesday, December 16, 2020 12:00 am http://eubankers.net/article/86911/uk-publishes-data-standards-for-pensions-dashboard It will ‘revolutionise how people keep track of retirement savings’ Pensions GMP Equalisation: Duty Does Extend to BPast Transfers News Aggregation Team Friday, November 27, 2020 12:00 am http://eubankers.net/article/86331/gmp-equalisation-duty-does-extend-to-bpast-transfers Our 'Guide to GMP equalisation and how to deal with it' provides useful and relevant background information to the broader issues at stake in the Lloyds litigation. Pensions Big jump in pension savers accessing pots after pressing pause in the first lockdown News Team Wednesday, November 18, 2020 12:00 am http://eubankers.net/article/86076/big-jump-in-pension-savers-accessing-pots-after-pressing-pause-in-the-first-lockdown An increasing number of pensions savers have started to withdraw funds after many pressed pause at the start of the pandemic. Pensions Bartholomew Hawkins enters liquidation News Aggregation Team Friday, October 30, 2020 12:00 am http://eubankers.net/article/85512/bartholomew-hawkins-enters-liquidation It comes three years after the firm agreed with the FCA to cease pension transfers. The business had given advice to members of the British Steel Pension Scheme. Pensions Expats to be hit with additional pension access charges post-Brexit News Aggregation Team Tuesday, October 20, 2020 1:00 am http://eubankers.net/article/85155/expats-to-be-hit-with-additional-pension-access-charges-post-brexit The organisation also noted that providers are on high alert regarding overseas pension scams and may refuse to transfer a pension abroad or take up to six months to complete the necessary due diligence to release the funds. Pensions Life company pensions more expensive than platforms News Aggregation Team Wednesday, October 14, 2020 1:00 am http://eubankers.net/article/84991/life-company-pensions-more-expensive-than-platforms Consumers may be losing up to £100,000 due to costs and fees Pensions How can we narrow the ethnicity pension gap? by St. James's Place News Team Wednesday, October 14, 2020 1:00 am http://eubankers.net/article/84994/how-can-we-narrow-the-ethnicity-pension-gap-by-st-jamesamp039s-place We ask three experts to explore the reasons behind the gap, and discuss how we might begin to address it Pensions City of London High-Flyers Get Ready to Migrate News Aggregation Team Saturday, January 16, 2021 12:00 am http://eubankers.net/article/87641/city-of-london-high-flyers-get-ready-to-migrate The problem, as Eyk Henning and Jan-Henrik Förster report, is that U.K. bankers can no longer directly pitch transactions to EU corporate clients. Brexit UK Import Taxes on Art – post-Brexit News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87598/uk-import-taxes-on-art-ampndash-post-brexit Returned goods relief can be claimed on goods, including works of art, that are re-imported into the UK after having previously been exported, subject to certain conditions. Brexit London Fund Managers See Post-EU Threat to $2 Trillion Business News Aggregation Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87617/london-fund-managers-see-post-eu-threat-to-2-trillion-business Fund managers in London have already seen stock-trading upended by Brexit. Now, they worry they could be next. Brexit How can UK alternative fund managers access European investors post-Brexit? News Aggregation Team Saturday, January 09, 2021 12:00 am http://eubankers.net/article/87409/how-can-uk-alternative-fund-managers-access-european-investors-post-brexit With the EU passport no longer available, Melville Rodrigues considers the solutions for UK real estate managers to continue to access European investors Brexit National lockdown is ‘biggest risk’ facing banks – not Brexit News Aggregation Team Friday, January 08, 2021 12:00 am http://eubankers.net/article/87369/national-lockdown-is-amplsquobiggest-riskamprsquo-facing-banks-ampndash-not-brexit The share prices of Royal Bank of Scotland owner NatWest Group and Lloyds Banking Group fell sharply between Christmas and New Year Brexit Brexit: Post-trade deal jigsaw picture still to emerge for NI News Aggregation Team Monday, January 04, 2021 12:00 am http://eubankers.net/article/87219/brexit-post-trade-deal-jigsaw-picture-still-to-emerge-for-ni Northern Ireland has joined the Republic of Ireland in the Brussels bubble, staying in the EU single market for goods and following the same customs rules. Brexit Brexit Deal Forces Prosecutors to Swap a Ferrari for a Citroen News Aggregation Team Sunday, January 03, 2021 12:00 am http://eubankers.net/article/87207/brexit-deal-forces-prosecutors-to-swap-a-ferrari-for-a-citroen U.K.’s departure from EU adds risks to agencies’ interactions Brexit Italy hands UK financial companies six-months post-Brexit operating extension News Aggregation Team Sunday, January 03, 2021 12:00 am http://eubankers.net/article/87214/italy-hands-uk-financial-companies-six-months-post-brexit-operating-extension As such, British financial companies no longer have direct access to most EU markets post-Brexit, without authorisation. Brexit Brexit changes now being implemented for British and EU citizens News Aggregation Team Sunday, January 03, 2021 12:00 am http://eubankers.net/article/87215/brexit-changes-now-being-implemented-for-british-and-eu-citizens An alternative system called The Global Health Insurance Card (GHIC) is being introduced. Brexit Brexit red tape could yet tie up your investments News Aggregation Team Thursday, December 31, 2020 12:00 am http://eubankers.net/article/87191/brexit-red-tape-could-yet-tie-up-your-investments Is there too much optimism around the stock market? Brexit When it comes to the Covid-19 vaccine, it pays not to profit from disaster. News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87599/when-it-comes-to-the-covid-19-vaccine-it-pays-not-to-profit-from-disaster The response was perhaps understandable. Planet SOS TSB sets out pathway to net-zero carbon News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87602/tsb-sets-out-pathway-to-net-zero-carbon The bank will deliver a net-zero carbon pathway that meets international standards, can be independently validated, and only offsets carbon as the last resort. Planet SOS Gerald Podobnik: How Europe can become climate neutral News Team Friday, January 15, 2021 12:00 am http://eubankers.net/article/87628/gerald-podobnik-how-europe-can-become-climate-neutral We also have to ensure that companies have sufficient capital to effect all these changes. Planet SOS Only 20% of UK financial services professionals are confident their firms are committed to ethical finance and ESG News Team Thursday, January 14, 2021 12:00 am http://eubankers.net/article/87581/only-20-of-uk-financial-services-professionals-are-confident-their-firms-are-committed-to-ethical-finance-and-esg Of the 563 respondents, 20% said they were “confident”, 10% said they were “neutral”, with 70% declaring they were “not confident”. Planet SOS Peter Harrison: Climate change: Is this a 1929 moment? News Team Wednesday, January 13, 2021 12:00 am http://eubankers.net/article/87502/peter-harrison-climate-change-is-this-a-1929-moment The 1929 crash led to a complete overhaul of company transparency. We believe companies should be under as much pressure now to deliver clear plans to tackle climate change. Planet SOS ESG: Pictet launches online self-assessment for third-party managers News Aggregation Team Wednesday, January 13, 2021 12:00 am http://eubankers.net/article/87531/esg-pictet-launches-online-self-assessment-for-third-party-managers The website aims to guide them through compliance criteria concerning the integration of ESG and the definition of sustainable investment objectives. Planet SOS BNEF: Sustainable Debt Breaks Annual Record Despite Covid-19 Challenges News Team Tuesday, January 12, 2021 12:00 am http://eubankers.net/article/87455/bnef-sustainable-debt-breaks-annual-record-despite-covid-19-challenges Total sustainable debt issuance in 2020 was $732 billion, with social and sustainability bonds enjoying spectacular growth, and green bonds seeing a late-year surge Planet SOS ‘IQ-EQ Compass’ launched to identify and mitigate ESG-related risks News Team Tuesday, January 12, 2021 12:00 am http://eubankers.net/article/87487/amplsquoiq-eq-compassamprsquo-launched-to-identify-and-mitigate-esg-related-risks Changes in the international regulatory landscape, paired with the Covid-19 pandemic, have accelerated investors’ interest in sustainable investments Planet SOS ESG moves into the mainstream for alternative assets News Aggregation Team Tuesday, January 12, 2021 12:00 am http://eubankers.net/article/87492/esg-moves-into-the-mainstream-for-alternative-assets Investors globally are becoming increasingly convinced that ESG integrated portfolios will generate long-term sustainable alpha, if there is good quality ESG data and analytics. Planet SOS Natural Capital Investment Alliance: joining forces News Team Monday, January 11, 2021 12:00 am http://eubankers.net/article/87435/natural-capital-investment-alliance-joining-forces It is also why I have created a Natural Capital Investment Alliance to help us arrive at a common language on Natural Capital Investment so that we can start putting money to work and improve the flow of capital. Planet SOS UK targets dormant wealth and pensions to aid virus recovery News Aggregation Team Saturday, January 16, 2021 12:00 am http://eubankers.net/article/87639/uk-targets-dormant-wealth-and-pensions-to-aid-virus-recovery 18 January 2021: The UK government is to expand its ability to free up forgotten or dormant funds to help the country recover from the coronavirus pandemic. Covid-19 Banks brace themselves for impact of Covid pandemic News Aggregation Team Sunday, January 03, 2021 12:00 am http://eubankers.net/article/87217/banks-brace-themselves-for-impact-of-covid-pandemic In store for 2021: Bad loans, major job cuts and the never-ending tracker saga Covid-19 Britain Hit By Virus Travel Bans As US Reaches Stimulus Deal News Aggregation Team Monday, December 21, 2020 12:00 am http://eubankers.net/article/86989/britain-hit-by-virus-travel-bans-as-us-reaches-stimulus-deal The ban on all but unaccompanied freight crossing to France comes as companies scramble to shift merchandise with days to go until Britain finally quits European Union trade structures in the wake of Brexit. Covid-19 Deutsche Bank raises prospect of moving half its New York staff News Aggregation Team Sunday, December 13, 2020 12:00 am http://eubankers.net/article/86806/deutsche-bank-raises-prospect-of-moving-half-its-new-york-staff US chief says employees could be shifted to lower-cost areas of country in next five years Covid-19 Good governance and the pandemic - Andrew Naudi News Aggregation Team Thursday, December 10, 2020 12:00 am http://eubankers.net/article/86726/good-governance-and-the-pandemic-andrew-naudi It will take huge political will to stop tax evasion abuse Covid-19 UK adviser dies after becoming ‘hidden victim’ of covid News Aggregation Team Friday, December 04, 2020 12:00 am http://eubankers.net/article/86552/uk-adviser-dies-after-becoming-amplsquohidden-victimamprsquo-of-covid He was getting ready to sell his business after 30 years in the industry Covid-19 Test to Release: England introduces testing strategy for international arrivals News Team Tuesday, November 24, 2020 12:00 am http://eubankers.net/article/86222/test-to-release-england-introduces-testing-strategy-for-international-arrivals Tests will be at the cost of the traveller to protect the capacity of NHS Test and Trace. Covid-19 Financial Regulation Update News Team Friday, November 20, 2020 12:00 am http://eubankers.net/article/86135/financial-regulation-update This follows guidance originally published in April 2020 and updated in July 2020 Covid-19 Go-between paid £21m in taxpayer funds for NHS PPE News Aggregation Team Wednesday, November 18, 2020 12:00 am http://eubankers.net/article/86042/go-between-paid-amppound21m-in-taxpayer-funds-for-nhs-ppe Earlier this year, as the coronavirus pandemic was spreading rapidly around the world, Florida-based jewellery designer Michael Saiger set up a business to supply PPE to governments. Covid-19 Covid-19: FCA confirms support for certain mortgage borrowers News Aggregation Team Wednesday, November 18, 2020 12:00 am http://eubankers.net/article/86046/covid-19-fca-confirms-support-for-certain-mortgage-borrowers The Office of the Complaints Commissioner has published its final report regarding a complaint against the FSA, FCA and PRA. Covid-19