Managers of Wealth

Changes to FCA rules: Navigating Financial Promotions in 2024

Effective from 7th February 2024

Comco report on the CS takeover takes a victory lap

This has now apparently resulted in delays in publication.

Former asset manager of Prince Albert of Monaco reveals internal affairs

According to media reports, other people close to the royal family also wanted to use their assets to finance apartments and other purchases.

Reform UK accepted donations from Crispin Odey despite sexual assault allegations

Disgraced financier gave the rightwing party £10,000 after investigation was published

'Pimfa: We strongly support the FCA's working group on sustainability rules'

This regime hopes to play a key role in increasing consumer trust in the market for sustainable investments.

European bank recovery stumbles as BNP Paribas and ING dim outlook

"From that point of view, 2024 won't be very favourable for us," Bonnafe told reporters.

FINMA provides information about the status of the approval process and supervision of asset managers

It also provides information about the new approach to the thresholds for the commercial activity of trustees.

Investigators are searching the DWS again

Uninvited visit – once again. The Frankfurt public prosecutor's office appears at the asset manager's premises for the third time because of the greenwashing scandal.

IHT top concern for wealthy Brits in 2024

The research also found 30 per cent of women have hesitated to apply for wealth management products due to a lack of understanding, compared with only 10 per cent of men.

10 key regulatory issues facing wealth management this year

The report includes predictions "based solely on the author's 35 years of experience involving policy issues

Family law firms AFP and BloomBudd announce surprise ‘super-boutique’ merger

Two years after launching her own partnership, Zoë Bloom is teaming up with one of London’s most prominent boutiques – in a ‘highly unusual’ move that will see the collision of big personalities in UHNW family law

'Breach of trust': New controversy rocks Monaco royals as former wealth manager claims tax fraud

The new controversy erupted after French newspaper Le Monde last week published the allegations

Less than 1% of Capital Gains Tax paid through HMRC’s Real Time Service

HMRC’s Real Time Service was introduced in 2017 and is accessed by logging in to your personal tax account and entering information when prompted.

Asset managers face uphill battle to make Eltifs a success

The proposed regulatory technical standards have the potential to derail the market.

How high-net-worths might be impacted by HMRC’s new ‘side hustle’ crackdown

Those who sell or trade luxury goods may well find themselves facing fines

A stronger voice for workers in EU-based multinational companies

These Councils ensure that employees are involved in decisions related to transnational issues, like re-structurings.

Progeny partners with Alpha FMC to design next generation advice journeys

All findings will be translated into an action plan to be implemented throughout 2024 and beyond.

Not done your tax return? Unclaimed pension tax relief is a major reason to do so

It is therefore very unwise to leave this until the final couple of days, as you may need a few days to juggle money around.

To bundle or not to bundle? UK’s Investment Research Review in favour of ‘rebundling’ research fees with execution costs

It used to be that investment research was funded by trading commissions paid by asset managers who then expensed these costs to their end investors.

EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms

The EU last year finalized legislation on the transfer of funds via digital assets alongside its landmark Markets in Crypto Assets (MiCA) regulatory package.

Legal,Regulation,Tax & Compliance