Managers of Wealth

A new manager at the Federal Reserve

Some members favour a more aggressive approach to tackling inflation, while others prefer looser economic conditions.

IHT receipts soften again in May but long-term tax pressures continue to build

We are also now firmly in the final year where pension wealth remains outside the scope of Inheritance Tax

Proposed Dual Share Class Structure

This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction in which the same would be unlawful.

Northern Trust Receives Approval for New EU Banking Branch in Ireland

Establishment of the branch is part of Northern Trust’s broader European expansion strategy and underlines its commitment to service clients domestically.

Rathbones Group: Regulatory update

The review has identified areas for improvement within the Group’s UK Wealth Management business regarding the implementation and embedding of Consumer Duty, as well as certain aspects of its compliance, oversight and assurance arrangements.

Finma supervisory levy continues to cause heated debate

The Association of Swiss Asset Managers ( VSV ) expects the corresponding invoices to be sent out in the coming days and therefore issued a statement to its members on Tuesday.

Why central banks are unlikely to repeat their 2022 response: interview with Samy Chaar

The week ahead is set to be a busy one for financial markets on the monetary policy front.

One family, one framework: Monetary Authority of Singapore's new structure-agnostic SFA licensing exemption regime for SFOs

These changes will be relevant not only to newly established SFOs, but also to existing family office structures currently relying on existing licensing exemptions.

FCA warns of Coutts clone

Clone firm trying to convince individuals it is genuine, regulator flags

UBS Group Stock Climbs 1.2% as Swiss Regulators Weigh Capital Relief

The proposal is seen as an effort to strengthen the Swiss banking system, while addressing concerns about UBS’s competitiveness and capital flexibility.

Withers advises Industrie De Nora S.p.A. on the acquisition of BW Water

This transaction reflects the continued investment and confidence in the water treatment and sustainability sector, and further demonstrates Withers' track record and capability in advising clients on complex cross-border M&A transactions.'

Swiss lawmakers consider fresh compromise for UBS capital rules, sources say

Under new proposals, four people familiar with the discussions said UBS would ⁠need to back its foreign subsidiaries with around 70% or 80% of CET1 capital, instead of the government's requirement of 100%.

Hidden Debts: Swiss Government Appeals Ruling Favoring Former Credit Suisse Executive

The case is part of the broader international legal process linked to Mozambique’s hidden debts scandal

Wealth taxes ‘almost inevitable’ because of AI

Soaring gains from tech shares will fuel political demand for levies on capital

Guernsey shares its approach to robust company formation and transparency

This includes journalists and non-governmental organisations that have a specific role in fighting financial crime.

FINMA publishes Guidance on the risks associated with the use of products in individual portfolio management

The Guidance recalls the rules that institutions must follow when products are used in individual portfolio management.

FINMA concludes proceedings against Wendelspiess Partners AG and imposes long-term industry bans

At the same time, there were indications of shortcomings in the client service provided by Wendelspiess Partners AG, specifically in relation to risk disclosure and suitability checks, as well as in the handling of conflicts of interest.

When Federal Tax Breaks Stop at the State Line

The expansion of qualified small business stock is a prime example.

Hold and review: An approach for investments and tax

Circumstances may change and regular review is crucial, but the aim is to accrue value over time.

Charity Commission issues updated guidance on conflicts of interest

The Commission has warned that trustees often struggle to recognise conflicts. Consequently, the guidance has been updated to make it more accessible and easier to use – it is now shorter, with a greater focus on scenarios and examples.

Legal,Regulation,Tax & Compliance