Managers of Wealth - Europe http://eubankers.net/ Mon, 22 Jul 2019 05:22:40 BST part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png Managers of Wealth - Europe KohanaPHP New Credit Suisse Wealth Boss Signals Risk Appetite News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73259/new-credit-suisse-wealth-boss-signals-risk-appetite That's generally true for some market areas of our division,» Wehle is quoted as responding when asked about political risk in Saudi Arabia, where Credit Suisse quietly clinched a banking license three months ago. Wealth and Asset Management Fund administrator to be purchased by private equity firm Michael Pilgrim Friday, July 19, 2019 1:00 am http://eubankers.net/article/73268/fund-administrator-to-be-purchased-by-private-equity-firm The transaction is subject to regulatory approval. Wealth and Asset Management Close Brothers loan book grows 5.1% year to date Ana Hall Friday, July 19, 2019 1:00 am http://eubankers.net/article/73283/close-brothers-loan-book-grows-51-year-to-date All statements in this release relate to the 11 months to 30 June 2019 and to continuing operations1 in that period unless otherwise indicated. Wealth and Asset Management Schroders completes acquisition of Secquaero Mitzi Limlengco Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73223/schroders-completes-acquisition-of-secquaero In February 2016, Schroders increased its stake in Secquaero to 50.1%. Wealth and Asset Management Isle of Man multi-family office announces management buyout Andro Bautista Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73245/isle-of-man-multi-family-office-announces-management-buyout The management buyout is subject to regulatory approval Wealth and Asset Management Wealth Dynamix crowned Best CRM solution for the 3rd year in a row Mitzi Limlengco Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73253/wealth-dynamix-crowned-best-crm-solution-for-the-3rd-year-in-a-row Stephen Pinner, Managing Director of Goodacre UK, who hosted the awards ceremony said: “These Awards are now the benchmark for firms considering alternative services and systems, not least as it is the users themselves who have offered direct feedba Wealth and Asset Management Leading Cash Savings Platform and PIMFA Announce Strategic Partnership Mitzi Limlengco Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73188/leading-cash-savings-platform-and-pimfa-announce-strategic-partnership Financial Advisors across the UK can now take advantage of the ease and simplicity of the platform and offer clients cash management without the hassle that it usually involves. Wealth and Asset Management Leading UK wealth management group sets up new financial planning team Ana Hall Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73191/leading-uk-wealth-management-group-sets-up-new-financial-planning-team This is the first time that dedicated financial planners will be based in the office. Wealth and Asset Management Coutts veterans launch Mayfair wealth boutique News Aggregation Team Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73207/coutts-veterans-launch-mayfair-wealth-boutique Samik Mukherjee and David McLellan, who spent 28 years as private bankers for Coutts, have launched Keystone Capital. Wealth and Asset Management Arbuthnot profits surge 24%, but loans slump on pricing war News Aggregation Team Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73208/arbuthnot-profits-surge-24-but-loans-slump-on-pricing-war Arbuthnot Latham & Co’s pre-tax profit surged by 24% in the first half of the year, but new written loan volumes slumped by a third as market competition intensified. Wealth and Asset Management Zedra appoints new London director to lead Corporate Services and LATAM development Ana Hall Friday, July 19, 2019 1:00 am http://eubankers.net/article/73257/zedra-appoints-new-london-director-to-lead-corporate-services-and-latam-development Zedra has shown an ability to grow rapidly in new markets, bringing with it a fresh and new approach to the challenges of managing international clients business and wealth. Executive Moves Association for Project Management appoints KPMG MD as first female president News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73263/association-for-project-management-appoints-kpmg-md-as-first-female-president Her experience will be invaluable in supporting us to further help people and organisations to deliver better projects and also to promote our vision, mission and strategy to new and more diverse audiences. Executive Moves John Morton's new wealth business makes 'critical' hire News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73274/john-mortonamp039s-new-wealth-business-makes-amp039criticalamp039-hire Broad Street Investment Management, which was set up by Morton a year ago, has hired a chief investment officer from a rival wealth firm. Executive Moves TORI Global appoints wealth management head News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73275/tori-global-appoints-wealth-management-head He joins from EY Executive Moves Broad Street appoints Chief Investment Officer News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73280/broad-street-appoints-chief-investment-officer A Chartered Fellow of the CISI, and reporting directly to Broad Street’s Founder and Chief Executive, John Morton, Gibbs will be responsible for investment strategy and key client relationships. Executive Moves Aviva adds seasoned finance executive to board Ana Hall Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73215/aviva-adds-seasoned-finance-executive-to-board Patrick is currently a Non-Executive Director and Chair of the Audit Committee of The Royal Bank of Scotland Group plc. Executive Moves Deutsche Bank appoints head of wealth management in Italy News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73216/deutsche-bank-appoints-head-of-wealth-management-in-italy He was most recently at Credit Suisse, where for the past six years he led the UNHW Individual segment for the Italian Market Area. Executive Moves American asset manager opens Frankfurt office to expand global footprint News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73218/american-asset-manager-opens-frankfurt-office-to-expand-global-footprint Buschmann has over 29 years of industry experience. Executive Moves Lagarde resigns as IMF chief, starting race for her successor News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73219/lagarde-resigns-as-imf-chief-starting-race-for-her-successor She said her resignation would expedite the selection for the next head of the IMF. Executive Moves Save the Children UK appoints three new trustees News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73226/save-the-children-uk-appoints-three-new-trustees Razia Khan, Kajal Odedra and Tanuja Randery have all been given initial two-year terms Executive Moves Deutsche Restructuring Sees Compliance, Financial Crime Teams Merged News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73255/deutsche-restructuring-sees-compliance-financial-crime-teams-merged By combining compliance and financial crime with risk management, Deutsche hopes to break free from the shadows of its past, something which should allow it to become more dynamic in its regulatory obligations. Legal, Regulation & Compliance New Governance and Reporting Requirements for Large Private Limited Companies News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73256/new-governance-and-reporting-requirements-for-large-private-limited-companies Private limited companies need to consider whether these new arrangements apply to them and if they do; what do they require and when. Legal, Regulation & Compliance Nordic Banks Pinched by Anti-Money-Laundering Compliance Costs News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73262/nordic-banks-pinched-by-anti-money-laundering-compliance-costs The banks have been swept up in the wave of crises over alleged compliance lapses that have rocked Europe’s banking sector. Legal, Regulation & Compliance Memorandum of understanding: between the Financial Conduct Authority and the Bank of England News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73265/memorandum-of-understanding-between-the-financial-conduct-authority-and-the-bank-of-england This MoU does not affect any arrangements under other MoUs. Legal, Regulation & Compliance EBA publishes Report on regulatory perimeter, regulatory status and authorisation approaches in relation to FinTech activities Mitzi Limlengco Friday, July 19, 2019 1:00 am http://eubankers.net/article/73266/eba-publishes-report-on-regulatory-perimeter-regulatory-status-and-authorisation-approaches-in-relation-to-fintech-activities As to authorisation approaches, the EBA found that proportionality and flexibility principles are applied in the same way by competent authorities Legal, Regulation & Compliance CSSF on mandatory notifications in a no-deal Brexit context Kris Borres Friday, July 19, 2019 1:00 am http://eubankers.net/article/73267/cssf-on-mandatory-notifications-in-a-no-deal-brexit-context This means they shall no longer benefit from the relevant passporting regime and, as a result, will not be able provide their services in Luxembourg without authorisation by the CSSF. Legal, Regulation & Compliance Baker McKenzie bangs NQ pay up to £95k guaranteed News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73269/baker-mckenzie-bangs-nq-pay-up-to-amppound95k-guaranteed It has been widely seen as a move to turn junior eyes back from US firms, which, without a thought for the bank balances of partners at UK firms, have sprayed NQs with salaries of over £140,000 (and that's not counting the bonus). Legal, Regulation & Compliance Clyde & Co suspends partner and associate over money trouble News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73271/clyde-ampamp-co-suspends-partner-and-associate-over-money-trouble Clyde & Co wouldn't say exactly what the lawyers have allegedly done (or not done), but the firm can't be blamed for being a bit twitchy when it comes to accounting rules. Legal, Regulation & Compliance FCA Statement on the MoU with the Bank of England Kris Borres Friday, July 19, 2019 1:00 am http://eubankers.net/article/73273/fca-statement-on-the-mou-with-the-bank-of-england We have published an updated Memorandum of Understanding (MoU) between the FCA and the Bank of England (when exercising its prudential regulation functions through the Prudential Regulation Authority). Legal, Regulation & Compliance European reinsurers can claim capital credit from Guernsey reinsurers Kris Borres Friday, July 19, 2019 1:00 am http://eubankers.net/article/73276/european-reinsurers-can-claim-capital-credit-from-guernsey-reinsurers There is no reason why the benefit of that reinsurance should not be recognised under the Solvency II capital calculation. Legal, Regulation & Compliance FNZ Acquires Leading Wealth Management Software Firm Mitzi Limlengco Friday, July 19, 2019 1:00 am http://eubankers.net/article/73270/fnz-acquires-leading-wealth-management-software-firm The significant acquisition consolidates the combined FNZ-JHC group’s position as the most reliable and trusted technology provider to the UK wealth management and broking platform sector FinTech UK fintech firm acquires German investment platform Kris Borres Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73189/uk-fintech-firm-acquires-german-investment-platform Will continue with its strategy to become the leading digital financial services partner in Germany, through sustained investment in technology and customer service. FinTech The future of regulation: AI for consumer good by Christopher Woolard News Aggregation Team Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73205/the-future-of-regulation-ai-for-consumer-good-by-christopher-woolard Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at The Alan Turing Institute's AI ethics in the financial sector conference (link is external). FinTech Lloyds to offer pension advice via app News Aggregation Team Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73209/lloyds-to-offer-pension-advice-via-app The banking group has 22m clients in total across its several financial services brands. FinTech Goldman Sachs invests €25 million in German fintech Raisin Ana Hall Tuesday, July 16, 2019 1:00 am http://eubankers.net/article/73136/goldman-sachs-invests-ampeuro25-million-in-german-fintech-raisin The new injection of capital follows the fintech’s recent series D round of €100 million. FinTech The potential of digital assets in wealth management News Aggregation Team Tuesday, July 16, 2019 1:00 am http://eubankers.net/article/73139/the-potential-of-digital-assets-in-wealth-management Crypto currencies are here to stay. FinTech MiFID II support tool for wealth managers unveiled Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://eubankers.net/article/73157/mifid-ii-support-tool-for-wealth-managers-unveiled The portal extracts data from a manager’s system daily and also brings all a client’s financial information together in one place. FinTech Deloitte Announces Enhancements To Digital Bank Asset Kris Borres Monday, July 15, 2019 1:00 am http://eubankers.net/article/73091/deloitte-announces-enhancements-to-digital-bank-asset Built on the Salesforce Financial Services Cloud platform, Digital Bank is a pre-configured digital banking accelerator. FinTech City's Leading Systems and Service Providers Announced Kris Borres Monday, July 15, 2019 1:00 am http://eubankers.net/article/73094/cityamp039s-leading-systems-and-service-providers-announced The business broadcaster Michael Wilson presented the iconic SITC FinTech ‘Blue-Plaques’ to all winners which included William Rouse, of Dion Global Solutions; Jane Boorman, of JHC; and John Motley, of IMVS. FinTech Wealth management fintech firm and Ortec Finance announce partnership Ana Hall Monday, July 15, 2019 1:00 am http://eubankers.net/article/73105/wealth-management-fintech-firm-and-ortec-finance-announce-partnership This partnership builds on previous jointly-engaged initiatives between the two firms across EMEA, most recently in the UAE. FinTech Unlocking Closed-End Fund Opportunities Ana Hall Friday, July 19, 2019 1:00 am http://eubankers.net/article/73241/unlocking-closed-end-fund-opportunities In the current climate, many institutional investors are finding it tough to achieve the stable, long-term returns they want from their traditional equity/fixed income allocations. Alternative Investments European lenders play high stakes with P2P loans News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73258/european-lenders-play-high-stakes-with-p2p-loans “It is a high stakes game and high tariff dive. Alternative Investments BrickVest gets green light for post-Brexit centre in France News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73240/brickvest-gets-green-light-for-post-brexit-centre-in-france BrickVest has also launched BrickVest Technology Europe, a dedicated technology research and development company that develops Fintech solutions for its European online platforms and international partners. Alternative Investments Nordea to review financial targets after second quarter profits drop News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73252/nordea-to-review-financial-targets-after-second-quarter-profits-drop Nordea said it plans to present new financial targets, including the capital and dividend policy after the release of the third quarter 2019 results. Alternative Investments Rowan Dartington on Rational Investing Ana Hall Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73166/rowan-dartington-on-rational-investing The longer you have exposure, the more profit potential there is and the more likely you will feel comfortable with the inevitable gyrations and catastrophising that goes on. Alternative Investments Private Equity Ireland – Investment Limited Partnership Reform Ana Hall Tuesday, July 16, 2019 1:00 am http://eubankers.net/article/73138/private-equity-ireland-ampndash-investment-limited-partnership-reform A recent report prepared by Indecon regarding the Economic Impact of the Funds Industry on the Irish Economy revealed that in 2018 alone Alternative Investments British private equity firm to take over two Abraaj funds News Aggregation Team Tuesday, July 16, 2019 1:00 am http://eubankers.net/article/73143/british-private-equity-firm-to-take-over-two-abraaj-funds Will take over the management rights of Abraaj Private Equity Fund IV and Abraaj Africa Fund III Alternative Investments Investing in Women Code News Aggregation Team Tuesday, July 16, 2019 1:00 am http://eubankers.net/article/73162/investing-in-women-code The Investing in Women Code is a commitment by financial services firms to improving female entrepreneurs’ access to tools, resources and finance. Alternative Investments Cadence Investment hails rising assets News Aggregation Team Monday, July 15, 2019 1:00 am http://eubankers.net/article/73101/cadence-investment-hails-rising-assets Cadence’s core concept is a long-term approach with a highly focused portfolio of 20 to 30 holdings. Alternative Investments Leading Cash Savings Platform Insignis Cash Solutions and PIMFA Announce Strategic Partnership Ana Hall Monday, July 15, 2019 1:00 am http://eubankers.net/article/73102/leading-cash-savings-platform-insignis-cash-solutions-and-pimfa-announce-strategic-partnership Financial Advisors across the UK can now take advantage of the ease and simplicity of the platform and offer clients cash management without the hassle that it usually involves. Alternative Investments Deutsche Bank among the near-dead? No, but watch for Plan C News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73260/deutsche-bank-among-the-near-dead-no-but-watch-for-plan-c Getting cash from a quick sale of DBTC subsidiary is not how the bank’s management sees its future Investment Banking Royal Bank of Scotland Great British Entrepreneur Awards finalists revealed News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73264/royal-bank-of-scotland-great-british-entrepreneur-awards-finalists-revealed Now in their seventh year Investment Banking Santander Asset Management launches multi-manager funds range News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73217/santander-asset-management-launches-multi-manager-funds-range The firm also said that it has defined each product to fit the profile of its clients and will have control over the risks of each vehicle. Investment Banking AIIB puts emphasis on international cooperation at annual meeting News Aggregation Team Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73167/aiib-puts-emphasis-on-international-cooperation-at-annual-meeting There was also a series of announcements on support for new projects. Investment Banking Handelsbanken's Interim Report january Ana Hall Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73173/handelsbankenamp039s-interim-report-january Summary January – June 2019 Investment Banking Handelsbanken to close its branch in Poland Ana Hall Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73175/handelsbanken-to-close-its-branch-in-poland This, combined with changes in many customers’ behaviour and an increase in the investments needed, has resulted in the Bank deciding to discontinue its operations in Poland during 2020. Investment Banking Deutsche Bank cuts tech spend as rivals ramp up digital News Aggregation Team Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73204/deutsche-bank-cuts-tech-spend-as-rivals-ramp-up-digital Even with the digital revolution in finance accelerating, technology budget for German lender that cut 18,000 jobs in revamp this month is a fraction of US banks' investments Investment Banking Handelsbanken’s interim report for January-June 2019 will be presented on July 17 Ana Hall Monday, July 15, 2019 1:00 am http://eubankers.net/article/73100/handelsbankenamprsquos-interim-report-for-january-june-2019-will-be-presented-on-july-17 There will also be time for questions from the participants. Investment Banking In world turned upside down, Deutsche Bank’s art escapes cuts News Aggregation Team Monday, July 15, 2019 1:00 am http://eubankers.net/article/73104/in-world-turned-upside-down-deutsche-bankamprsquos-art-escapes-cuts Yet the collection, boasting more than 55,000 pieces by more than 5,000 artists from 40 countries and built up over almost 40 years, looks set to be virtually unscathed by the struggling bank’s €3 billion restructuring, involving thousands of j Investment Banking JP Morgan plans City hiring spree - despite claiming Brexit will lead to job losses News Aggregation Team Sunday, July 14, 2019 1:00 am http://eubankers.net/article/73084/jp-morgan-plans-city-hiring-spree-despite-claiming-brexit-will-lead-to-job-losses “As others cut back we’re growing,” said Doug Petno, the bank’s global commercial banking chief who reports into Mr Dimon. “We’re very careful about who we hire - we want people running towards us, not running away from Investment Banking Smartphone Banking Is for Me. Regulators, Please Help. News Aggregation Team Friday, July 19, 2019 1:00 am http://eubankers.net/article/73261/smartphone-banking-is-for-me-regulators-please-help The German startup N26 is worth billions because its systems work. Now it’s time to address the regulatory risks. Comment, Analysis & Research Pension Allowance - What High Earners Need To Know by Sheila Tindle, Sanlam Andro Bautista Friday, July 19, 2019 1:00 am http://eubankers.net/article/73277/pension-allowance-what-high-earners-need-to-know-by-sheila-tindle-sanlam If you have not used up your annual allowance in previous tax years, you can carry the allowance forward Comment, Analysis & Research How to spend and make the most of funds when travelling abroad this summer by Penny Lovell Penny Lovell Friday, July 19, 2019 1:00 am http://eubankers.net/article/73278/how-to-spend-and-make-the-most-of-funds-when-travelling-abroad-this-summer-by-penny-lovell Martin Lewis, from Money Saving Expert, has recently given advice on how to spend abroad. Comment, Analysis & Research Access Bank UK balance sheet up 36% News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73224/access-bank-uk-balance-sheet-up-36 A total of N350 million (UD$970,000) were pledged during the day to build and equip 70 new classrooms, for children’s education in Northern Nigeria. Comment, Analysis & Research Women in Finance Charter continues to drive change at highest level Kris Borres Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73231/women-in-finance-charter-continues-to-drive-change-at-highest-level The Women in Finance Charter now covers over 800,000 people in the financial Services sector. Comment, Analysis & Research What do HNWIs look for in a financial services provider? News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73232/what-do-hnwis-look-for-in-a-financial-services-provider What we discovered may come as no surprise to many Comment, Analysis & Research US high rollers buy London homes expecting post-Brexit bounce News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73238/us-high-rollers-buy-london-homes-expecting-post-brexit-bounce The company says it plans expansion in the prime central London market Comment, Analysis & Research Is the weaponisation of taxes here to stay? by George Bull News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73237/is-the-weaponisation-of-taxes-here-to-stay-by-george-bull Originally announced in the 2018 Budget, the draft Finance Bill 2019-20 now confirms that expenses paid or reimbursed to unpaid office-holders would be exempt from income tax. Comment, Analysis & Research The cost of not planning ahead by Close Brothers Andro Bautista Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73242/the-cost-of-not-planning-ahead-by-close-brothers But the peace of mind which results makes an expert financial review invaluable Comment, Analysis & Research ViewPoint by SS&C Technologies Ana Hall Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73246/viewpoint-by-ssampampc-technologies Whether it regards user experience, staffing needs post-outsourcing Comment, Analysis & Research ISOLAS Welcomes Upcoming Double Taxation Agreement News Aggregation Team Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73233/isolas-welcomes-upcoming-double-taxation-agreement The agreement highlights Gibraltar’s commitments to the international standards of tax transparency Tax Gibraltar - UK Double Taxation Agreement Mitzi Limlengco Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73234/gibraltar-uk-double-taxation-agreement The terms included in the Gibraltar DTA will need to be seen and studied as and when it is published Tax Loan charge: those who disclosed tax avoidance won't face penalties, says minister News Aggregation Team Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73181/loan-charge-those-who-disclosed-tax-avoidance-wonamp039t-face-penalties-says-minister Around 50,000 contractors who used loan-based tax avoidance schemes dating back 20 years are being targeted by the charge. Tax How Italy’s favourable new tax regimes can benefit the sports industry News Aggregation Team Tuesday, July 16, 2019 1:00 am http://eubankers.net/article/73151/how-italyamprsquos-favourable-new-tax-regimes-can-benefit-the-sports-industry The sports industry is well positioned to take advantage of the new regimes if participants are able to leverage their geographic flexibility. Tax Inheritance tax: top tips on how to minimise your liability by Carl Drummond, Sanlam Ana Hall Tuesday, July 16, 2019 1:00 am http://eubankers.net/article/73164/inheritance-tax-top-tips-on-how-to-minimise-your-liability-by-carl-drummond-sanlam No one wants to think about dying, but it’s important to organise your estate to plan for inheritance tax. Tax Changes to inheritance tax look increasingly likely News Aggregation Team Monday, July 15, 2019 1:00 am http://eubankers.net/article/73095/changes-to-inheritance-tax-look-increasingly-likely The government can choose which of the proposals made by the OTS should go forward but, given the scope of this report, it seems very likely that the current rules will be subject to some change. Tax What Are Property Taxes Like in the South of France? News Aggregation Team Thursday, July 11, 2019 1:00 am http://eubankers.net/article/73038/what-are-property-taxes-like-in-the-south-of-france There are a wide variety of fees homeowners and renters must pay—though a break is on the way for many Tax Independent Tax Firm Debuts in United Kingdom Ana Hall Wednesday, July 10, 2019 1:00 am http://eubankers.net/article/72966/independent-tax-firm-debuts-in-united-kingdom Has more than 4,500 professionals worldwide and a presence in over 144 locations through its member firms and collaborating firms. Tax KPMG flirts with offloading UK pensions advisory wing News Aggregation Team Tuesday, July 09, 2019 1:00 am http://eubankers.net/article/72956/kpmg-flirts-with-offloading-uk-pensions-advisory-wing Now, as the international professional services giant continues to evaluate its priorities in the UK, it has been reported that KPMG is considering the sale of its pensions practice. Tax LEBC responds to OTS Inheritance Tax review recommendations Mitzi Limlengco Monday, July 08, 2019 1:00 am http://eubankers.net/article/72916/lebc-responds-to-ots-inheritance-tax-review-recommendations Responding to the report Kay Ingram, Director of Public Policy at financial planners LEBC says: “Inheritance Tax raises only 1% of HMRC revenue. Tax First Bank completes takeover of Bank Leumi Romania News Aggregation Team Thursday, July 11, 2019 1:00 am http://eubankers.net/article/73028/first-bank-completes-takeover-of-bank-leumi-romania First Bank received Romania's anti-trust body's nod for the deal in June, two months after it announced plans to acquire 99.9235% of Bank Leumi Romania for an undisclosed price. Retail Banking Bank of Ireland sells UK credit card portfolio to London startup Jaja for £530m News Aggregation Team Friday, June 28, 2019 1:00 am http://eubankers.net/article/72708/bank-of-ireland-sells-uk-credit-card-portfolio-to-london-startup-jaja-for-amppound530m The finance firm said it wanted to become a key player in the UK credit card market and that this move was part of a wider strategy to do that. Retail Banking Britain's HSBC to help modern slaves 'rebuild lives' with bank access News Aggregation Team Monday, June 24, 2019 1:00 am http://eubankers.net/article/72559/britainamp039s-hsbc-to-help-modern-slaves-amp039rebuild-livesamp039-with-bank-access Banks usually require proof of address and identity documents, like passports, to open accounts, which can exclude victims of slavery and trafficking who may have had these documents confiscated or live in safe houses. Retail Banking RBS expects capital boost from Saudi bank merger Kris Borres Monday, June 17, 2019 1:00 am http://eubankers.net/article/72386/rbs-expects-capital-boost-from-saudi-bank-merger RBS said the merger would increase its Common Equity Tier 1 capital ratio--a key measure of balance-sheet strength--by 60 basis points compared with its position as of March 31. Retail Banking 'Bad bank' repays £50bn bailout loan News Aggregation Team Wednesday, June 05, 2019 1:00 am http://eubankers.net/article/72110/amp039bad-bankamp039-repays-amppound50bn-bailout-loan Northern Rock imploded when the credit crunch struck, as it was then deprived of cash on the international money markets, which it had used as a source of funds to lend to homeowners. Retail Banking Why Capital Group has no time for 'big name stars' News Aggregation Team Wednesday, May 22, 2019 1:00 am http://eubankers.net/article/71798/why-capital-group-has-no-time-for-amp039big-name-starsamp039 Raising the group's profile in the UK Retail Banking Tesco Bank exits mortgage market News Aggregation Team Tuesday, May 21, 2019 1:00 am http://eubankers.net/article/71761/tesco-bank-exits-mortgage-market The sale process will remain confidential until a transaction is confirmed and the bank said there would be no changes to customer accounts as a result of the lender’s exit from the mortgage market. Retail Banking Metro advisers rake in £13m fees News Aggregation Team Sunday, May 19, 2019 1:00 am http://eubankers.net/article/71717/metro-advisers-rake-in-amppound13m-fees The banks did not agree a minimum price for the underwriting, lessening their risk of ending up with unwanted stock. Retail Banking Danske dumps $4.5bn in kroner as part of bank’s hedging plan News Aggregation Team Friday, May 17, 2019 1:00 am http://eubankers.net/article/71688/danske-dumps-45bn-in-kroner-as-part-of-bankamprsquos-hedging-plan Danske’s assets are equivalent to roughly 1 1/2 times Denmark’s gross domestic product. Retail Banking Metro Bank’s woes are a warning: watch the metrics News Aggregation Team Friday, May 17, 2019 1:00 am http://eubankers.net/article/71698/metro-bankamprsquos-woes-are-a-warning-watch-the-metrics When a single number becomes all important investors should be wary Retail Banking When to consolidate your pension pots News Aggregation Team Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73213/when-to-consolidate-your-pension-pots A large number of people even have pensions they have forgotten about, with the Association of British Insurers (ABI) estimating that more than 1.6 million pension pots in the UK worth £19.4 billion are ‘lost.’ Pensions What high earners need to know about the tapered annual allowance Ana Hall Friday, July 12, 2019 1:00 am http://eubankers.net/article/73059/what-high-earners-need-to-know-about-the-tapered-annual-allowance The annual allowance is a limit to the total amount of contributions that can be paid to defined contribution pension schemes and the total amount of benefits that you can build up in defined benefit pension scheme each year, for tax relief purposes. Pensions Four more master trusts get regulator’s green light News Aggregation Team Tuesday, July 02, 2019 1:00 am http://eubankers.net/article/72790/four-more-master-trusts-get-regulatoramprsquos-green-light Under the new registration process, master trusts have to hold enough capital to cover the cost of a worst-case scenario Pensions Head of private equity at Dutch pension giant APG to step down News Aggregation Team Friday, June 21, 2019 1:00 am http://eubankers.net/article/72548/head-of-private-equity-at-dutch-pension-giant-apg-to-step-down Head of fund investments Greg Jania and head of co-investments Ken Bloomberg will co-head the firm’s private equity program Pensions Rolls-Royce's record pension buy-out advised on by Mercer News Aggregation Team Tuesday, June 18, 2019 1:00 am http://eubankers.net/article/72424/rolls-royceamp039s-record-pension-buy-out-advised-on-by-mercer The company – which would enter insolvency in 2019 anyway – transferred over to the Pension Protection Fund (PPF), a government-backed pensions lifeboat. Pensions Final step taken in CMA reform of investment consultants Ana Hall Tuesday, June 11, 2019 1:00 am http://eubankers.net/article/72241/final-step-taken-in-cma-reform-of-investment-consultants The CMA has issued its legally-binding Order to help pension trustees make better decisions for £1.6 trillion of retirement assets that they oversee. Pensions Pension deficits increase £63.5bn in May News Aggregation Team Tuesday, June 11, 2019 1:00 am http://eubankers.net/article/72252/pension-deficits-increase-amppound635bn-in-may Other DB scheme indices also showed a hike in pension shortfalls. Pensions Spain’s Caixa boosts risk off allocation News Aggregation Team Tuesday, June 04, 2019 1:00 am http://eubankers.net/article/72069/spainamprsquos-caixa-boosts-risk-off-allocation Caixa’s equities allocation generated a loss of 8.6 per cent in 2018 compared with a 10.5 per cent gain in 2017, of that, Eurozone equities lost 14.8 per cent while its frontier markets allocation fell 15.1 per cent. Pensions Hargreaves platform back to running normal News Aggregation Team Thursday, May 30, 2019 1:00 am http://eubankers.net/article/71944/hargreaves-platform-back-to-running-normal A spokesman for the company said: "A few people had issues logging into their accounts for a short time. Everything is working normally now." Pensions HMRC Makes Reclaiming QROPS Transfer Charge Easier News Aggregation Team Tuesday, May 07, 2019 1:00 am http://eubankers.net/article/71405/hmrc-makes-reclaiming-qrops-transfer-charge-easier The main reason for such a claim would be an expat moving to the same country as where their QROPS is based. Pensions Morgan Stanley retreats from UK investment over Brexit News Aggregation Team Friday, July 12, 2019 1:00 am http://eubankers.net/article/73045/morgan-stanley-retreats-from-uk-investment-over-brexit The firm had moved mildly overweight on Australia after a long period of being underweight and Lim said he was positive on the country for three reasons Brexit UK banks ready for no-deal Brexit News Aggregation Team Thursday, July 11, 2019 1:00 am http://eubankers.net/article/73036/uk-banks-ready-for-no-deal-brexit “The UK banking system remains strong enough to continue to lend through the wide range of UK economic and financial shocks that could be associated with Brexit,” it added. Brexit UK expats still attracted to Europe despite Brexit News Aggregation Team Friday, July 05, 2019 1:00 am http://eubankers.net/article/72858/uk-expats-still-attracted-to-europe-despite-brexit Financial adviser network Blevins Franks discusses the three countries that keep Brits interested with their attractive lower costs of living, tax breaks, insurance bonds and non-resident tax schemes. Brexit Brexit: Investments in the UK by UAE banks surges 23% to $16.6bn News Aggregation Team Wednesday, July 03, 2019 1:00 am http://eubankers.net/article/72813/brexit-investments-in-the-uk-by-uae-banks-surges-23-to-166bn United Kingdom is the fastest growing market for UAE lenders Brexit Brexit bill for UK financial services reaches £4bn News Aggregation Team Wednesday, June 26, 2019 1:00 am http://eubankers.net/article/72643/brexit-bill-for-uk-financial-services-reaches-amppound4bn EY warns that figure only a ‘drop in the ocean’ amid uncertainty about Britain’s exit Brexit With Brexit, now is the time to consider whether you should move your art Ana Hall Wednesday, June 05, 2019 1:00 am http://eubankers.net/article/72084/with-brexit-now-is-the-time-to-consider-whether-you-should-move-your-art Brexit introduces a range of issues that cannot be ignored, especially for artists and investors who wish to be able to display and enjoy their art beyond the borders of the United Kingdom. Brexit EU Exit: Impact on STO under MiFIR Mitzi Limlengco Thursday, May 30, 2019 1:00 am http://eubankers.net/article/71950/eu-exit-impact-on-sto-under-mifir ESMA has also given additional attention to the risk of disruption that conflicting EU27 and UK STOs may potentially create, in particular for UK branches of EU27 investment firms and for EU27 branches of UK investment firms. Brexit London development industry confident in overseas investment market despite Brexit uncertainties News Aggregation Team Thursday, May 30, 2019 1:00 am http://eubankers.net/article/71961/london-development-industry-confident-in-overseas-investment-market-despite-brexit-uncertainties The spring 2019 LDB was administered after the EU agreed to extend the Brexit date to October 31. Brexit EU softens post-Brexit limit on London trading after rebuke News Aggregation Team Thursday, May 30, 2019 1:00 am http://eubankers.net/article/71971/eu-softens-post-brexit-limit-on-london-trading-after-rebuke New approach more likely to minimise risk of disruption, EU regulator says Brexit Business reaction to Theresa May’s departure News Aggregation Team Friday, May 24, 2019 1:00 am http://eubankers.net/article/71854/business-reaction-to-theresa-mayamprsquos-departure As our global competitors get sharper and more strategic, Britain is still mired in indecision and uncertainty. Brexit The future for Guernsey funds look green Mitzi Limlengco Friday, July 19, 2019 1:00 am http://eubankers.net/article/73272/the-future-for-guernsey-funds-look-green This contributed to a total value of $12.7b (61% of total deal value) with Europe leading the activity with $5.4b (42.5%) of total renewables deal value. ESG Saudi Alfanar Group to expand UK operation through investment into renewable energy sector Kris Borres Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73227/saudi-alfanar-group-to-expand-uk-operation-through-investment-into-renewable-energy-sector UK Minister for Investment Graham Stuart welcomes the announcement during visit to Riyadh ESG Solving the global plastic packaging problem by Close Brothers Mitzi Limlengco Thursday, July 18, 2019 1:00 am http://eubankers.net/article/73244/solving-the-global-plastic-packaging-problem-by-close-brothers The scale of the global plastic packaging problem is vast. ESG SRI, Data and Bias: Fund Managers' Bermuda Triangle Mitzi Limlengco Wednesday, July 17, 2019 1:00 am http://eubankers.net/article/73197/sri-data-and-bias-fund-managersamp039-bermuda-triangle ESG data include any indicators that shed light on the sustainability context of an asset, facility or company. ESG Financial thriving, not just surviving by Close Brothers Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://eubankers.net/article/73149/financial-thriving-not-just-surviving-by-close-brothers The political climate has created a sense of paralysis, as people hold off making financial decisions. ESG The future for Guernsey funds look green News Aggregation Team Monday, July 15, 2019 1:00 am http://eubankers.net/article/73096/the-future-for-guernsey-funds-look-green There is no doubting the increased interest from global investors in green and sustainable finance. ESG MJ Hudson acquires ESG consultancy firm News Aggregation Team Monday, July 15, 2019 1:00 am http://eubankers.net/article/73111/mj-hudson-acquires-esg-consultancy-firm The acquisition of the Amsterdam-based ESG business also provides the firm with another operating base in one of Europe and the EU’s key asset management centres. ESG Octopus Renewables: accelerating towards the clean energy future News Aggregation Team Friday, July 12, 2019 1:00 am http://eubankers.net/article/73060/octopus-renewables-accelerating-towards-the-clean-energy-future The team works closely with institutional investors to create bespoke portfolios of large-scale renewable energy assets. Recent international expansion has also seen significant new renewable investments in Australia, Finland, France and Italy. ESG Eight asset managers unite for One Planet initiative News Aggregation Team Friday, July 12, 2019 1:00 am http://eubankers.net/article/73063/eight-asset-managers-unite-for-one-planet-initiative The framework has set out three principles to accelerate the integration of climate change ESG Substance, governance and impact – the hot topics from HKVCA Asia Venture Capital Forum 2019 News Aggregation Team Wednesday, July 10, 2019 1:00 am http://eubankers.net/article/72983/substance-governance-and-impact-ampndash-the-hot-topics-from-hkvca-asia-venture-capital-forum-2019 ESG is becoming a hot topic globally and one which investors and managers will find harder and harder to ignore. ESG