Managers of Wealth - Europe http://eubankers.net/ Thu, 01 Oct 2020 18:14:21 BST part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Schroder UK Public Private Trust plc: Half Year Report News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84578/schroder-uk-public-private-trust-plc-half-year-report Schroder UK Public Private Trust plc has released its Half Year Report for the period ended 30 June 2020. Wealth and Asset Management Women are still being held back in fund management, says GAM Investments News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84580/women-are-still-being-held-back-in-fund-management-says-gam-investments Figures from Morningstar show that at the end 0f 2020 14% of fund managers were women, the same percentage as in 2000. Wealth and Asset Management IQ-EQ shortlisted for service excellence in International Investment Awards News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84585/iq-eq-shortlisted-for-service-excellence-in-international-investment-awards The winners of the 2020 awards will be revealed at the virtual awards ceremony in October! Wealth and Asset Management Schroders Personal Wealth teams up with software firm News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84594/schroders-personal-wealth-teams-up-with-software-firm The partnership announcement follows a joint webinar held by Artesian and Schroders during which it was uncovered that whilst COVID-19 understandably remains top of mind for many business leaders, it’s not the biggest trend impacting wealth manageme Wealth and Asset Management 7IM snaps up London wealth firm in £2bn AUM boost News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84599/7im-snaps-up-london-wealth-firm-in-amppound2bn-aum-boost The deal, which sees PWM retain its independence, was shelved in March following the impact of the Coronavirus. Wealth and Asset Management LGT completes LGT Vestra acquisition News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84604/lgt-completes-lgt-vestra-acquisition The firm has 362 staff (March 2016: 234) and offices in London, Bristol and Jersey. Wealth and Asset Management Mirabaud Asset Management’s private equity vehicle acquires stake in Alain Ducasse Group News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84622/mirabaud-asset-managementamprsquos-private-equity-vehicle-acquires-stake-in-alain-ducasse-group Alain Ducasse and Mirabaud Asset Management have signed a strategic agreement, making Mirabaud Patrimoine Vivant a reference shareholder of the Ducasse Group alongside Alain Ducasse, who remains the company’s controlling shareholder. Wealth and Asset Management Avaloq connects with Enterprise Bot News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84536/avaloq-connects-with-enterprise-bot Enterprise Bot uses a pre-integrated system to establish an AI customer service agent for Avaloq’s banking and wealth management clients. Wealth and Asset Management IQ-EQ awarded Bronze Diversity Mark News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84541/iq-eq-awarded-bronze-diversity-mark This accreditation looks to award organisations who demonstrate and highlight their commitment to advancing diversity within their workplace. Wealth and Asset Management Newcastle IFA launches adviser academy News Aggregation Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84557/newcastle-ifa-launches-adviser-academy Lowes Financial Academy will offer CII Level 3 and 4 qualifications Wealth and Asset Management Appointments within the Group News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84577/appointments-within-the-group Grégoire Simon-Barboux will report to Diony Lebot Executive Moves Butterfield expands compliance team News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84581/butterfield-expands-compliance-team These appointments reflect Butterfield’s continued expansion within the Channel Islands and its commitment to growing an experienced team of compliance professionals. Executive Moves ZEDRA appoints Kiki Stannard to lead London global expansion services as the acquisition of Fitzgerald & Law completes. News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84591/zedra-appoints-kiki-stannard-to-lead-london-global-expansion-services-as-the-acquisition-of-fitzgerald-ampamp-law-completes Kiki joined Fitzgerald & Law as a Partner in 2013 and will take up her new role on 1 October 2020. Executive Moves Bank Alpinum’s new PB head comes from LGT News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84609/bank-alpinumamprsquos-new-pb-head-comes-from-lgt Bank Alpinum’s strategy focuses on specialised wealth management services and digital services for private clients Executive Moves AJ Bell hires ex-LGIM sales boss and promotes investment duo News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84602/aj-bell-hires-ex-lgim-sales-boss-and-promotes-investment-duo Paul Pugh joins the platform as head of strategic accounts within its investment team, after previously holding the position of senior manager strategic alliances at LGIM. Executive Moves CS names French-speaking Switzerland head News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84608/cs-names-french-speaking-switzerland-head He will succeed Michael Willimann on 1 December. Executive Moves Capitolis Announces Two Senior Hires to its Executive Management Team Amid Continued Growth News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84618/capitolis-announces-two-senior-hires-to-its-executive-management-team-amid-continued-growth These new hires will support Capitolis in its next phase of growth and play a key role in advancing the company’s mission to transform the capital markets through its collaborative technology and platform. Executive Moves Nomura Europe Appoints Chief Risk Officer News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84621/nomura-europe-appoints-chief-risk-officer She will also continue to ensure that we meet our regulatory risk management requirements whilst maintaining good relationships with our regulators. Executive Moves London PE firm hires investment manager from Danish family office News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84623/london-pe-firm-hires-investment-manager-from-danish-family-office The new hire is part of the firm's recent expansion. Executive Moves Brown Shipley head of direct equities departs after two years News Aggregation Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84537/brown-shipley-head-of-direct-equities-departs-after-two-years Amrendra Sinha is leaving the private bank for personal reasons. Executive Moves FCA calls for tougher measures to tackle online scam ads News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84576/fca-calls-for-tougher-measures-to-tackle-online-scam-ads It is clear there is now mounting pressure on the government to take steps to tackle the promotion of scams through search engines and social media platforms. Legal, Regulation & Compliance FCA confirms next stage of support for consumer credit and overdraft customers News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84584/fca-confirms-next-stage-of-support-for-consumer-credit-and-overdraft-customers The measures apply both to consumers who have benefited from support under the current guidance and continue to face financial difficulties, as well as those whose financial situation may be newly affected by coronavirus after the current guidance ends on Legal, Regulation & Compliance EBA publishes work programme for 2021 News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84586/eba-publishes-work-programme-for-2021 The strategic priorities of the EBA work programme for 2021 will be made available in all EU official languages. Legal, Regulation & Compliance Germany puts auto boss on trial over ‘dieselgate’ News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84588/germany-puts-auto-boss-on-trial-over-amplsquodieselgateamprsquo The so-called defeat devices made the vehicles appear less polluting in lab tests than they were on the road. Legal, Regulation & Compliance FCA extends pause on Mifid 10% rule News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84598/fca-extends-pause-on-mifid-10-rule The FCA intends to apply the TTP on a broad basis from the end of the transition period until 31 March 2022. Legal, Regulation & Compliance Does dirty money need banking secrecy to thrive? News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84606/does-dirty-money-need-banking-secrecy-to-thrive Recently uncovered suspicious transaction reports, made to the US Financial Crimes Enforcement Network (FinCEN), show Swiss banks moving billions of dollars around the world. Legal, Regulation & Compliance PIMFA welcomes FCA analysis of regulatory perimeter but calls for swifter action to protect consumers News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84539/pimfa-welcomes-fca-analysis-of-regulatory-perimeter-but-calls-for-swifter-action-to-protect-consumers PIMFA has long called for a serious analysis of the regulatory perimeter and issues arising from it, so this report is welcome Legal, Regulation & Compliance Walkers advises LCI on a US$230 million joint venture News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84551/walkers-advises-lci-on-a-us230-million-joint-venture It is planned that the fleet acquired through the joint venture will be used by operators worldwide for purposes such as transportation to offshore wind farms, Emergency Medical Services and Search and Rescue. Legal, Regulation & Compliance TMF Group announces acquisition News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84561/tmf-group-announces-acquisition Key milestone in TMF Group’s drive to further grow its fund services business. Selectra’s expertise and service offering will complement TMF Group’s fund activities in Luxembourg. Legal, Regulation & Compliance FCA Perimeter Report 2019/20 News Aggregation Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84562/fca-perimeter-report-201920 The report sets out what the FCA does Legal, Regulation & Compliance Degroof Petercam and Avaloq ink agreement News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84600/degroof-petercam-and-avaloq-ink-agreement This new solution will transform Degroof Petercam’s IT platform and better position the institution for growth and new opportunities. FinTech Clearstream completes acquisition of majority stake in Fondcenter News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84610/clearstream-completes-acquisition-of-majority-stake-in-fondcenter Clearstream combines the Fondcenter business with its existing Fund Desk, forming Clearstream Fund Centre, a centre of excellence for global fund distribution support with over USD 290 billion assets under administration and anticipated double-digit reven FinTech Global Fintech Strategist Chris Gledhill on Unsticking Incumbent Innovation News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84611/global-fintech-strategist-chris-gledhill-on-unsticking-incumbent-innovation Automation is another key area of development. FinTech European Data Protection Board Publishes Guidelines on the Concepts of Controller, Joint Controller and Processor News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84612/european-data-protection-board-publishes-guidelines-on-the-concepts-of-controller-joint-controller-and-processor The Guidelines clarify the criteria that can be used by businesses to assess their roles on processing activities, and contain practical flowcharts as Annexes illustrating how these criteria apply in different scenarios. FinTech Samsung Pay taps Solarisbank to connect with any German bank account News Aggregation Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84542/samsung-pay-taps-solarisbank-to-connect-with-any-german-bank-account Users will also get access to Solarisbank's Splitpay product, enabling them to pay for purchases over EUR100 in installments over a period of up to 24 months. FinTech Tech investment top priority for UK banks News Aggregation Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84544/tech-investment-top-priority-for-uk-banks The findings are included in Lloyds Bank’s fifth annual Financial Institutions Sentiment Survey, which gathers views from major banks, asset and wealth management firms, insurers and intermediaries. FinTech Barclays online banking crashes News Aggregation Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84494/barclays-online-banking-crashes Barclays said, “A small number of our customers are having problems logging in to their online banking and making payments on online banking and in the Barclays app. FinTech Flexibility, simplicity and modularity - a look at Contemi’s offering to the wealth management sector News Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84498/flexibility-simplicity-and-modularity-a-look-at-contemiamprsquos-offering-to-the-wealth-management-sector With an emphasis on flexibility, Contemi is a provider of software and digital solutions with a global reach. FinTech Schroders deploys SteelEye for Mifir transaction reporting News Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84532/schroders-deploys-steeleye-for-mifir-transaction-reporting SteelEye, the compliance technology and data analytics firm, has been selected by the world-class investment manager, Schroders. The FTSE100 listed global investment manager with over £500bn assets under management deployed SteelEye in July 2020. FinTech Banque de Luxembourg Integrates Marketaxess’ Axess IQ Order & Execution Workflow Solution News Team Monday, September 28, 2020 1:00 am http://eubankers.net/article/84462/banque-de-luxembourg-integrates-marketaxessamprsquo-axess-iq-order-ampamp-execution-workflow-solution Axess IQ enhanced with MarketAxess’ automated trading capabilities FinTech Close Brothers Business Finance successfully facilitates MBO using CBILS News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84596/close-brothers-business-finance-successfully-facilitates-mbo-using-cbils The deal was brokered by PMD Business Finance, a successful brokerage based out of Oldham, and who played a key role in the successful outcome of the MBO. Alternative Investments MassMutual and GIC take additional 36% stake in Rothesay Life as Blackstone exits News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84614/massmutual-and-gic-take-additional-36-stake-in-rothesay-life-as-blackstone-exits This is a strong expression of confidence in the company and provides the business with exceptional long-term support from two of the world's leading institutional investors. Alternative Investments Credit sentiment recuperates as dovish policy prevails News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84615/credit-sentiment-recuperates-as-dovish-policy-prevails The longer-term economic outlook has improved lately due to the massive monetary and fiscal stimuli. Alternative Investments U.S. Banks Pull More Assets From London Ahead of Crucial Brexit Deadline News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84617/us-banks-pull-more-assets-from-london-ahead-of-crucial-brexit-deadline London’s position as a gateway to Europe for U.S. banks is being eroded Alternative Investments More sophistication being seen in use of captives News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84619/more-sophistication-being-seen-in-use-of-captives Lots of people have heard something about captives, they see their premiums rise by a multiple of five or six, and they think about a captive looking for a short-term benefit, to allow them to cope with the vagaries of the insurance market. Alternative Investments Invesco launches currency-hedged versions of Physical Gold ETC News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84552/invesco-launches-currency-hedged-versions-of-physical-gold-etc Currency fluctuations can have a material impact on investors. Alternative Investments Octopus launches £25m Apollo VCT fundraise News Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84491/octopus-launches-amppound25m-apollo-vct-fundraise “This is often by investing in research and development to improve existing products, enlarging the sales team, or expanding internationally.” Alternative Investments French and Swiss asset managers launch sustainable equity fund News Aggregation Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84506/french-and-swiss-asset-managers-launch-sustainable-equity-fund Clartan Associés and Ethos Services launch new Ucits-compliant and sustainable Europe small and mid-cap strategy. Alternative Investments River and Mercantile to launch unconstrained European equity strategy for James Sym News Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84495/river-and-mercantile-to-launch-unconstrained-european-equity-strategy-for-james-sym The intention is to grow the yield whenever appropriate from a business cycle perspective. Alternative Investments Boris Johnson promises to protect 30% of UK's land by 2030 News Aggregation Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84501/boris-johnson-promises-to-protect-30-of-ukamp039s-land-by-2030 National parks, areas of outstanding natural beauty and other protected areas make up 26% of land in England. Alternative Investments The Banker's Investment Banking Awards, 2020 News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84616/the-bankeramp039s-investment-banking-awards-2020 Banks that have shown tenacity and determination to keep going and drive through deals within the most challenging of circumstances have come out on top in The Banker’s Investment Banking Awards for 2020. Investment Banking Credit Agricole to Build Its Own Saudi Bank After Stake Sale News Aggregation Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84515/credit-agricole-to-build-its-own-saudi-bank-after-stake-sale he stock of Riyadh-based Saudi Fransi rose as much as 1.9% to 32.80 riyals, adding to gains of 0.6% on Sunday, when details of the transaction were first reported. Investment Banking SocGen’s maths geeks built an empire: do the sums still add up? News Aggregation Team Friday, September 25, 2020 1:00 am http://eubankers.net/article/84424/socgenamprsquos-maths-geeks-built-an-empire-do-the-sums-still-add-up The French bank became the world leader in equity derivatives but the products are no longer seen as safe Investment Banking Breakingviews - How to build a European JPMorgan News Aggregation Team Friday, September 25, 2020 1:00 am http://eubankers.net/article/84438/breakingviews-how-to-build-a-european-jpmorgan That lack of scale worries the continent’s bank executives, but should also concern finance ministers like Germany’s Olaf Scholz and France’s Bruno Le Maire. Investment Banking JPMorgan to Move $230 Billion Assets to Germany Under Brexit News Aggregation Team Wednesday, September 23, 2020 1:00 am http://eubankers.net/article/84354/jpmorgan-to-move-230-billion-assets-to-germany-under-brexit Migration will make the U.S. firm a top 10 bank in the country Investment Banking Brokers baffled by Barclays’ LTI move News Aggregation Team Friday, September 18, 2020 1:00 am http://eubankers.net/article/84212/brokers-baffled-by-barclaysamprsquo-lti-move Mr Gill commented it had “long been” part of the understanding between a client, broker and lender that once an application was submitted, the rate and terms were “secured”. Investment Banking Spanish Premier Picks the Risky Option Backing Catalan Bank Deal News Aggregation Team Wednesday, September 16, 2020 1:00 am http://eubankers.net/article/84132/spanish-premier-picks-the-risky-option-backing-catalan-bank-deal Deal would give government a board seat at the new institution Investment Banking Despite COVID, junior bankers' compensation hiked to £86k+ News Aggregation Team Friday, September 11, 2020 1:00 am http://eubankers.net/article/84003/despite-covid-junior-bankersamp039-compensation-hiked-to-amppound86k Second year analysts had their total compensation held steady this year. However, first year analysts weren't alone in receiving a pay bump: third year analysts had pay increased too. Investment Banking Deutsche Bank will Pay $583K to Settle Violation of Sanctions News Aggregation Team Friday, September 11, 2020 1:00 am http://eubankers.net/article/84006/deutsche-bank-will-pay-583k-to-settle-violation-of-sanctions The release explained that at the time Deutsche Bank processed the transaction for the oil company, it “had reason to know” of this designation, given that it “closely coincided” with the date in which it was listed. Investment Banking JP Morgan sends half its bankers back to the office News Aggregation Team Tuesday, September 08, 2020 1:00 am http://eubankers.net/article/83887/jp-morgan-sends-half-its-bankers-back-to-the-office They have set up airport check in-style barriers in the lobby outside lifts at its Bank Street building. Traders were the first to return in numbers as face-to-face contact “within shouting distance” during market opening hours is still consid Investment Banking It could be an unsettled autumn for investors News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84587/it-could-be-an-unsettled-autumn-for-investors Markets face a number of uncertainties in the coming months of COVID-19 restrictions Comment, Analysis & Research How is COVID-19 impacting family offices? News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84607/how-is-covid-19-impacting-family-offices Due diligence can often be overlooked, but is proving key now, and there is increased sophistication in family offices in this space. Comment, Analysis & Research Strategic solutions for UK real estate fund managers post-Brexit News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84592/strategic-solutions-for-uk-real-estate-fund-managers-post-brexit After the Brexit transition period expires on 31 December 2020 (which is assumed from UK government statements), UK managers Comment, Analysis & Research EBRD revises down economic forecasts amid continuing coronavirus uncertainty News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84593/ebrd-revises-down-economic-forecasts-amid-continuing-coronavirus-uncertainty The previous forecasts published in May had projected a 2020 decline of 3.5 per cent and a stronger recovery of 4.8 per cent in 2021. Comment, Analysis & Research Pandemic hits EBRD regions harder than advanced Europe – survey News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84595/pandemic-hits-ebrd-regions-harder-than-advanced-europe-ampndash-survey The economic effects of the Covid-19 crisis have been significantly more acute in EBRD countries than in advanced Europe, the study shows. Comment, Analysis & Research Financial institutions are set for a once in a generation change News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84597/financial-institutions-are-set-for-a-once-in-a-generation-change For insurers and asset and wealth managers, the challenges are equally daunting. Comment, Analysis & Research Aegon warns record debts and tumbling rates to fuel boom and bust cycle News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84601/aegon-warns-record-debts-and-tumbling-rates-to-fuel-boom-and-bust-cycle The global pandemic has already caused global debt levels to hit record levels, sparking a synchronised response from central banks, which are using every tool at their disposal to avoid sovereign defaults. Comment, Analysis & Research DeVere reports surge in demand for money apps amid environmental and Brexit fears News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84603/devere-reports-surge-in-demand-for-money-apps-amid-environmental-and-brexit-fears The deVere Vault Prepaid Mastercard®️ can be used online, in-store and at any ATM location across the globe where Mastercard is accepted. Comment, Analysis & Research Avoiding economic anxiety speech by Andy Haldane News Aggregation Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84555/avoiding-economic-anxiety-speech-by-andy-haldane Some degree of caution is desirable - in how we socialise, shop and work - to prevent the spread of this awful disease. Comment, Analysis & Research Power Failure by Tim Price News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84556/power-failure-by-tim-price One of the refreshing aspects of social media in 2020 has been the ability of a well-curated Twitter feed to offer insights unavailable Comment, Analysis & Research Brewin to review if MPS tax refundable as VAT scrapped News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84590/brewin-to-review-if-mps-tax-refundable-as-vat-scrapped This came after HMRC confirmed it could self-assess whether VAT was due on its MPS. Tax Tax reliefs and allowances for working from home News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84613/tax-reliefs-and-allowances-for-working-from-home Your tax position will depend on whether you are employed or self-employed and, if employed, whether you pay for these expenses personally or whether they are paid by your employer. Tax UK Offshore Receipts in respect of Intangible Property News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84620/uk-offshore-receipts-in-respect-of-intangible-property As the Channel Islands are not “states” for these purposes, residents could potentially be within the scope of the rules. Tax Weekly Tax Brief - 29 September 2020 News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84558/weekly-tax-brief-29-september-2020 Property sales are on the rise Tax The Art of Giving: UK tax incentives for owners of art News Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84507/the-art-of-giving-uk-tax-incentives-for-owners-of-art Generally, these tax incentives apply to assets which are considered pre-eminent. Tax Investments in UK residential real estate market – UK tax considerations for foreign investors News Team Monday, September 28, 2020 1:00 am http://eubankers.net/article/84446/investments-in-uk-residential-real-estate-market-ampndash-uk-tax-considerations-for-foreign-investors There is no single approach and the solution differs considerably depending on personal circumstances and objectives. Tax Kazakhstan needs to reform its tax system to increase its resilience beyond the COVID-19 pandemic News Team Friday, September 25, 2020 1:00 am http://eubankers.net/article/84404/kazakhstan-needs-to-reform-its-tax-system-to-increase-its-resilience-beyond-the-covid-19-pandemic This reform requires measures to strengthen the functioning of the tax administration, including the introduction of an end-of-the-year tax declaration. Tax HMRC recouped £274m from IHT investigations last year News Aggregation Team Friday, September 25, 2020 1:00 am http://eubankers.net/article/84407/hmrc-recouped-amppound274m-from-iht-investigations-last-year UK taxman is ‘dedicating huge resources’ to examine the estates of HNW individuals Tax OECD/G20 Inclusive Framework on BEPS shows progress in implementing tax transparency through Action 13 Country-by-Country reporting News Team Friday, September 25, 2020 1:00 am http://eubankers.net/article/84411/oecdg20-inclusive-framework-on-beps-shows-progress-in-implementing-tax-transparency-through-action-13-country-by-country-reporting As a result, tax administrations, often for the first time, will have received detailed information on all large MNEs doing business in their country. Tax IRS targets tax compliance by non-U.S. owners of U.S. real estate News Aggregation Team Friday, September 25, 2020 1:00 am http://eubankers.net/article/84413/irs-targets-tax-compliance-by-non-us-owners-of-us-real-estate FIRPTA taxes foreign persons on the disposition of their U.S. real property interests. Tax NAB Announces Analytics Platform For SME Customers News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84624/nab-announces-analytics-platform-for-sme-customers NAB will run a pilot of Pollinate in March 2021 before rolling out the technology across its customer network. Retail Banking Germany's Deposit Solutions launches in the US News Aggregation Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84543/germanyamp039s-deposit-solutions-launches-in-the-us The US launch comes nearly a decade after Deposit Solutions founded its European platform, which now connects more than 150 banks from 20 countries and exceeded the mark of $30 billion transmitted deposits earlier this year. Retail Banking TSB to close 164 high street banks affecting 969 jobs News Aggregation Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84568/tsb-to-close-164-high-street-banks-affecting-969-jobs This means having the right balance between branches on the high street and our digital platforms, enabling us to offer the very best experience for our personal and business customers across the UK. Retail Banking HSBC in final talks to sell French retail business at hefty loss News Aggregation Team Monday, September 28, 2020 1:00 am http://eubankers.net/article/84489/hsbc-in-final-talks-to-sell-french-retail-business-at-hefty-loss Cerberus and a rival investment firm have told HSBC they would buy its French retail arm for a symbolic one euro provided the British bank ploughs more than 500 million euros (US$582.70 million) into the business, sources told Reuters. Retail Banking Thousands of Britons living in EU told their UK bank accounts will be closed News Aggregation Team Tuesday, September 22, 2020 1:00 am http://eubankers.net/article/84276/thousands-of-britons-living-in-eu-told-their-uk-bank-accounts-will-be-closed Lloyds and Barclays among banks taking action due to lack of post-Brexit trade deal Retail Banking British Banks Brace for Deeper Slump by Pulling Mortgage Deals News Aggregation Team Sunday, September 13, 2020 1:00 am http://eubankers.net/article/84022/british-banks-brace-for-deeper-slump-by-pulling-mortgage-deals The headlines mask the looming risks in the wake of a fight for mortgage market share that led to looser home-loan criteria in the past three years. Retail Banking EBRD to boost Raiffeisen Bank Albania’s lending capacity News Team Wednesday, September 09, 2020 1:00 am http://eubankers.net/article/83925/ebrd-to-boost-raiffeisen-bank-albaniaamprsquos-lending-capacity The facility will strengthen Raiffeisen Bank Albania’s capacity to meet the financial needs of selected clients Retail Banking Banco Sabadell research a doable merger; BBVA, the chosen one News Aggregation Team Sunday, September 06, 2020 1:00 am http://eubankers.net/article/83816/banco-sabadell-research-a-doable-merger-bbva-the-chosen-one The corporate chaired by Josep Oliu, the oldest lively banker, has all the time acknowledged taking note of doable unions and now, with the financial disaster brought on by COVID-19, it might be time to take action. Retail Banking Wales’ Leading Commercial Brokerage Launch Under New Name News Aggregation Team Sunday, September 06, 2020 1:00 am http://eubankers.net/article/83818/walesamprsquo-leading-commercial-brokerage-launch-under-new-name “With the emergence and growth of those teams it has seen our regulated consumer business catch up our investment business, so we took the view to make our name less niche and more in line with our broader offering.” Retail Banking CaixaBank named “Best Consumer Bank in the World 2020” and “Best Digital Bank in consumer banking in Spain 2020” by Global Finance News Team Friday, September 04, 2020 1:00 am http://eubankers.net/article/83802/caixabank-named-ampldquobest-consumer-bank-in-the-world-2020amprdquo-and-ampldquobest-digital-bank-in-consumer-banking-in-spain-2020amprdquo-by-global-finance These awards acknowledge and award innovation and excellence within the scope of banking. In addition, the CaixaBankNow app has been chosen the “Best mobile consumer banking application in Western Europe” for the third consecutive year. Retail Banking Royal Mail in new pensions row News Aggregation Team Monday, September 07, 2020 1:00 am http://eubankers.net/article/83824/royal-mail-in-new-pensions-row Concerns have been raised that top bosses are getting higher pension contributions than new postal workers Pensions Wealthy savers pull their money from gold-plated final salary pensions News Aggregation Team Monday, August 31, 2020 1:00 am http://eubankers.net/article/83632/wealthy-savers-pull-their-money-from-gold-plated-final-salary-pensions Fewer savers transferred their pensions during the early months of lockdown Pensions QNUPS Pensions For Expats Explained News Aggregation Team Thursday, July 30, 2020 1:00 am http://eubankers.net/article/82910/qnups-pensions-for-expats-explained QNUPS stands for Qualifying Non UK Pension Scheme. Pensions PFS issues FSCS levy call to action News Aggregation Team Wednesday, July 29, 2020 1:00 am http://eubankers.net/article/82868/pfs-issues-fscs-levy-call-to-action The PFS boss said: "The further increase in levies received by many firms last week has caused both anger and concern with many members asking what they can do. Pensions Chancellor could tweak the triple lock without breaking trust with retirees News Team Tuesday, June 30, 2020 1:00 am http://eubankers.net/article/82106/chancellor-could-tweak-the-triple-lock-without-breaking-trust-with-retirees The triple lock ensures that state pension incomes are guaranteed to be uprated each year by wage growth, inflation or 2.5%; whichever is higher. Pensions 2 Danish pension funds chip into latest European green bond News Aggregation Team Friday, June 26, 2020 1:00 am http://eubankers.net/article/82024/2-danish-pension-funds-chip-into-latest-european-green-bond The 560 billion kroner PFA Pension, Copenhagen, also invested in the bond, according to the release. Pensions FCA announces pensions value for money consultation News Team Thursday, June 25, 2020 1:00 am http://eubankers.net/article/81990/fca-announces-pensions-value-for-money-consultation We would like to see more employers taking advantage of the £500 per employee per year tax-free advice allowance to enable the overall financial well-being of staff to be part of the benefits offering. Pensions Netherlands moves closer to defined contribution system News Aggregation Team Wednesday, June 17, 2020 1:00 am http://eubankers.net/article/81758/netherlands-moves-closer-to-defined-contribution-system Pension funds with a funding ratio above 90% do not have to reduce their pension benefits, the Dutch Ministry of Social Affairs and Employment said. Pensions BNP Paribas Securities Services awarded securities lending mandate by Italy’s Fondoposte News Aggregation Team Thursday, June 11, 2020 1:00 am http://eubankers.net/article/81619/bnp-paribas-securities-services-awarded-securities-lending-mandate-by-italyamprsquos-fondoposte The new mandate extends the relationship between the two firms, with the French custodian providing depositary banking services to Fondoposte since 2016. Pensions Surge in number of Brits fearful economic crash could derail retirement goals News Team Tuesday, May 19, 2020 1:00 am http://eubankers.net/article/80993/surge-in-number-of-brits-fearful-economic-crash-could-derail-retirement-goals The figure marks a significant annual rise of 45% in the number of people who now believe a serious downturn to be the biggest threat to their retirement goals (up from 20% in 2019). Pensions London bankers balk at EU relocation over virus travel worries News Aggregation Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84521/london-bankers-balk-at-eu-relocation-over-virus-travel-worries Staff who had agreed to work from EU hubs post-Brexit are reconsidering plans Brexit Wealthy Britons step up citizenship shopping to thwart Brexit News Aggregation Team Monday, September 28, 2020 1:00 am http://eubankers.net/article/84455/wealthy-britons-step-up-citizenship-shopping-to-thwart-brexit Investment migration seen as volatility hedge and component in high net worth portfolio value defence strategy Brexit UK insurers push for speedy post-Brexit changes to EU rules News Aggregation Team Monday, September 28, 2020 1:00 am http://eubankers.net/article/84485/uk-insurers-push-for-speedy-post-brexit-changes-to-eu-rules Life insurers say changes to capital requirements would allow them to invest more in UK infrastructure Brexit Most UK firms unprepared for end of Brexit transition News Aggregation Team Thursday, September 24, 2020 1:00 am http://eubankers.net/article/84357/most-uk-firms-unprepared-for-end-of-brexit-transition The government is negotiating new trade rules with the bloc but talks have stalled. Brexit Brexit and the City: Brussels’ new battle to rival London in finance News Aggregation Team Tuesday, September 22, 2020 1:00 am http://eubankers.net/article/84283/brexit-and-the-city-brusselsamprsquo-new-battle-to-rival-london-in-finance The EU believes it needs to have a stronger financial sector but will find it hard to replicate the UK's capabilities Brexit Flu d’état by Tim Price News Team Monday, September 21, 2020 1:00 am http://eubankers.net/article/84249/flu-damprsquoampeacutetat-by-tim-price Teachers won’t teach; general practitioners refuse to see their patients; the police use drones to eavesdrop on remote hill-walkers. Brexit Brexit countdown: Big changes are coming on 1 January 2021 whatever happens as negotiation tensions rise News Aggregation Team Thursday, September 17, 2020 1:00 am http://eubankers.net/article/84164/brexit-countdown-big-changes-are-coming-on-1-january-2021-whatever-happens-as-negotiation-tensions-rise This note provides a brief update on prospects for a deal, the implications for business with or without one and where to find more information and assistance to navigate the changes. Brexit Brexit - tips to insulate investments from the risks of no-deal News Team Friday, September 11, 2020 1:00 am http://eubankers.net/article/83977/brexit-tips-to-insulate-investments-from-the-risks-of-no-deal The effects of political decisions like Brexit create volatility in financial markets and that has a knock on effect on personal investments. Brexit Legal threat over ‘unfair’ Brexit deal News Aggregation Team Monday, August 17, 2020 1:00 am http://eubankers.net/article/83303/legal-threat-over-amplsquounfairamprsquo-brexit-deal Industry groups claim the new Trader Support Service will destroy businesses that provided customs brokerage services themselves Brexit What's happening in the post-Brexit trade talks next week? News Team Thursday, August 13, 2020 1:00 am http://eubankers.net/article/83247/whatamp039s-happening-in-the-post-brexit-trade-talks-next-week Markets have been preoccupied this year with COVID-19 and tensions between the US and China. Brexit 'Tidal wave' of ESG inflows continues but returns can't hold up, warns RWC News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84579/amp039tidal-waveamp039-of-esg-inflows-continues-but-returns-canamp039t-hold-up-warns-rwc The E in ESG has a lot of momentum right now, and there's a huge sum of capital going in to companies seen as winners in this space Planet SOS Amundi expands ESG ETF range with double launch News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84582/amundi-expands-esg-etf-range-with-double-launch The fund also abides by a 7% year-on-year self-decarbonisation requirement to ensure it remains in line with the 2°C objective. Planet SOS Franklin Templeton launches emerging markets sustainability fund News Aggregation Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84583/franklin-templeton-launches-emerging-markets-sustainability-fund The fund will also apply specific ESG exclusions and will not invest in companies that are involved in weapons, tobacco, coal and unconventional oil and gas extraction, or whose actions have violated the United Nations Global Compact. Planet SOS Stonehage Fleming selects Climate Care as carbon offset partner News Team Thursday, October 01, 2020 1:00 am http://eubankers.net/article/84605/stonehage-fleming-selects-climate-care-as-carbon-offset-partner Supporting best practice projects that deliver value for the environment, businesses and local communities Planet SOS Bank J. Safra Sarasin launches new Responsible India fund News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84546/bank-j-safra-sarasin-launches-new-responsible-india-fund The Fund invests in high quality growth stocks, and is advised by UTI, a leading pioneer in India’s asset management industry. Planet SOS Commerz Real acquires three onshore wind farms in southern Sweden from Eolus for 82.5 million euros News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84547/commerz-real-acquires-three-onshore-wind-farms-in-southern-sweden-from-eolus-for-825-million-euros The seller is the leading Scandinavian developer of wind power stations, Eolus Vind AB, which has a track record of having constructed more than 650 wind turbines since it was founded in 1990. Planet SOS ESG, sustainability and beyond News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84554/esg-sustainability-and-beyond Environmental, social and governance (ESG) investing means different things to different people. Planet SOS Agents of sustainable change: How investors expect companies to be socially aware News Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84505/agents-of-sustainable-change-how-investors-expect-companies-to-be-socially-aware Schroders’ Global Investor Study 2020 reveals investors’ views on how companies behave and who should be responsible for mitigating climate change. Planet SOS More efforts needed from governments, regulators and business to unlock full potential of sustainable finance News Team Tuesday, September 29, 2020 1:00 am http://eubankers.net/article/84531/more-efforts-needed-from-governments-regulators-and-business-to-unlock-full-potential-of-sustainable-finance The OECD Business and Finance Outlook 2020 says that ESG investing has grown steadily in recent years, with ESG ratings, indices and other financial products proliferating to meet demand. Planet SOS Green Finance Institute spearheads drive to scale up national green banks worldwide News Aggregation Team Friday, September 25, 2020 1:00 am http://eubankers.net/article/84419/green-finance-institute-spearheads-drive-to-scale-up-national-green-banks-worldwide Such vehicles have since slowly gained further interest globally, as they are seen as a useful means of de-risking green infrastructure such as renewable energy projects in order to mobilise private investment into green economy solutions. Planet SOS Charities and coronavirus: extension of some measures brought in by the Corporate Insolvency and Governance Act News Team Wednesday, September 30, 2020 1:00 am http://eubankers.net/article/84575/charities-and-coronavirus-extension-of-some-measures-brought-in-by-the-corporate-insolvency-and-governance-act The Act relaxes the rules on holding members’ meeting for ‘relevant bodies’, which includes charitable companies and charitable incorporated organisations. Covid-19 Covid sees youngsters flock to trainee adviser roles News Aggregation Team Friday, September 25, 2020 1:00 am http://eubankers.net/article/84436/covid-sees-youngsters-flock-to-trainee-adviser-roles He has already received more than 100 applications for the trainee role but only one candidate has applied for the experienced role. Covid-19 Thriving in the pandemic: technology News Aggregation Team Thursday, September 24, 2020 1:00 am http://eubankers.net/article/84365/thriving-in-the-pandemic-technology There are no companies that aren’t being affected by technology Covid-19 Treasury scraps autumn Budget to focus on Covid crisis News Aggregation Team Thursday, September 24, 2020 1:00 am http://eubankers.net/article/84366/treasury-scraps-autumn-budget-to-focus-on-covid-crisis Earlier this month Mr Sunak asked the Office for Budget Responsibility to draw up spending forecasts for the autumn, but did not commit to announcing any tax or spending plans of his own. Covid-19 Corona Upsets the Old Order News Aggregation Team Tuesday, September 22, 2020 1:00 am http://eubankers.net/article/84278/corona-upsets-the-old-order The pandemic has given Sweden its unique health experiment. Today's budget presentation showed that the virus is also wreaking havoc with dearly-held political certainties. Covid-19 Goldman Sachs joins JPMorgan in asserting return to work after coronavirus office closures News Aggregation Team Sunday, September 13, 2020 1:00 am http://eubankers.net/article/84024/goldman-sachs-joins-jpmorgan-in-asserting-return-to-work-after-coronavirus-office-closures Since mid-March, most Wall Street retailers and bankers have been working remotely; nonetheless with New York’s COVID-19 an an infection always remaining beneath 1% over the earlier month, corporations are beginning to grapple with how — or wh Covid-19 The disruption caused by Covid-19 means that fintech’s time has come News Aggregation Team Thursday, September 03, 2020 1:00 am http://eubankers.net/article/83754/the-disruption-caused-by-covid-19-means-that-fintechamprsquos-time-has-come Yet it’s clear that the pandemic is accelerating the need for financial innovation and disruption. Covid-19 Coronavirus: Which parts of the UK are recovering fastest after lockdown? News Aggregation Team Tuesday, September 01, 2020 1:00 am http://eubankers.net/article/83646/coronavirus-which-parts-of-the-uk-are-recovering-fastest-after-lockdown The comparative lack of people returning to city centres will fuel fears about the continuing impact on the "lunchtime economy" and the prospects for businesses such as coffee and sandwich shops. Covid-19 How Britain's high streets are recovering after lockdown – visual analysis News Aggregation Team Tuesday, September 01, 2020 1:00 am http://eubankers.net/article/83647/how-britainamp039s-high-streets-are-recovering-after-lockdown-ampndash-visual-analysis Data reveals that three in 10 shops hadn’t reopened after coronavirus restrictions were lifted – with some areas lagging further behind than others Covid-19 Coronavirus: Directors' duties under new UK insolvency laws News Team Thursday, August 20, 2020 1:00 am http://eubankers.net/article/83391/coronavirus-directorsamp039-duties-under-new-uk-insolvency-laws Faced with this spectre of personal liability, you might opt for the safe haven of placing a distressed company into administration or some other formal insolvency process, under the supervision of a licensed insolvency practitioner. Covid-19