News & Analysis as of

Wealth Management United Kingdom

A&O Shearman

FCA findings on retirement income advice

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The UK Financial Conduct Authority (FCA) has published an article with findings from a thematic review assessing firms who provide retirement income advice (RIA). The review assessed how effectively firms are providing RIA...more

Goodwin

UK Regulatory Capital Reforms: A Boost for Start-Up Founders and Venture Capital Investors?

Goodwin on

In its recent consultation [CP25/10: Definition of capital for FCA investment firms] (Consultation), the Financial Conduct Authority (FCA) has stated that it wants to amend its capital rules for investment firms — such as...more

Proskauer - Regulatory & Compliance

FCA’s ‘Co-Manufacturer’ Classification and Its Impact on Financial Services

In the evolving landscape of financial services, there have been reports that the Financial Conduct Authority (FCA) has recently classified FNZ, a prominent wealth management platform provider, as a ‘co-manufacturer’ of...more

A&O Shearman

UK Financial Conduct Authority Speech on Vulnerability in the Wealth Management Sector

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The U.K. Financial Conduct Authority has published a speech by Graeme Reynolds, director of competition on addressing vulnerability in the wealth management sector. Mr Reynolds discusses the good and bad practices that have...more

White & Case LLP

Sector trends - September 2024: Asset/Wealth Management

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UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024 — Asset/Wealth Management - Current market: Consistently high M&A activity levels - We are seeing: Europe's barbell becomes more pronounced—larger...more

White & Case LLP

Other Financial Services - UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024

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Asset / Wealth Management - Current market: Consistently high M&A activity levels - We are seeing: Europe’s barbell becomes more pronounced—larger asset / wealth managers swallow smaller competitors at pace: -...more

A&O Shearman

UK Financial Conduct Authority Consults on Extending Sustainability Disclosure Requirements Regime to Portfolio Management

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The U.K. Financial Conduct Authority published a consultation paper on April 23, 2024 on the possibility of extending the Sustainability Disclosure Requirements and labeling regime to portfolio management firms. Responses to...more

White & Case LLP

Sector trends - September 2023: Asset/Wealth Management

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UK & European Financial Services M&A: Sector trends H2 2022 | H1 2023 — Asset/Wealth Management - Sub-sector M&A activity levels soar—market moving deals across wealth management, financial planning, fund management, debt...more

A&O Shearman

SFC and HKMA’s joint circular on streamlined approach for dealing with sophisticated professional investors (SPIs)

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Wealth managers and advisers, and distributors in relation to non-retail investment products, for example interests in private equity funds or hedge funds, sustainability linked bonds and other private capital related...more

Hogan Lovells

UK: Updated Green Finance Strategy 2023

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The government's updated net-zero Green Finance Strategy was published on 30 March 2023. We set out below the key elements of the updated Strategy which focuses on the need for green investment and on opportunities for the...more

White & Case LLP

Sector trends - July 2022: Asset/Wealth Management

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UK & European Financial Services M&A: Sector trends H2 2021 | H1 2022 — Asset/Wealth Management - With over 350 deals in the European AWM sector in 2021, M&A consolidation activity is hotter than it has ever been in the...more

White & Case LLP

Financial institutions M&A: Asset/Wealth Management

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Financial institutions M&A sector trends: asset/wealth management — H1 2021 and outlook for H2 2021 - Market consolidation continues at a feverish pace. The UK tops the leader board, notching up 17 noteworthy deals in H1...more

McDermott Will & Emery

[Webinar] 2021 Trust & Estate Controversy Forum - September 23rd, 9:30 am - 1:30 pm PDT

Join us for an interactive webinar focusing on multifaceted issues impacting fiduciaries and beneficiaries in the administration of trusts and estates. We’ll highlight how to effectively manage controversies when they...more

Hogan Lovells

Financial institutions general regulatory news, June 2020

Hogan Lovells on

COVID-19: FCA speech on expectations of wealth management and advice industry - On 4 June 2020, the UK Financial Conduct Authority (FCA) published a speech by Megan Butler, FCA Executive Director of Supervision,...more

BCLP

Private Wealth - Horizon Scanning 2020

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With a number of changes affecting the private wealth world to come over the next 12 months, our private client team take a look at some of the key UK legal developments for 2020, including the extension of the UK trust...more

McDermott Will & Emery

Lifetime Gifting in the United Kingdom: Opportunities and Clarifications

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The Office of Tax Simplification (OTS) recently released a report on simplifying the design of UK inheritance tax (IHT). This article highlights areas where taxpayers might take advantage of existing opportunities to make...more

K2 Integrity

The Unexplained Wealth Order Imperative: Always Keep Your Financial House in Order

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Fact: Many wealthy individuals and families are subject to higher levels of public, governmental, and legal scrutiny. It’s imperative that they keep their financial houses in order because at some point they’ll probably be...more

White & Case LLP

Financial institutions M&A: Sector trends - January 2019: Smaller and mediumsized asset/wealth managers consolidate at a feverish...

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Smaller and medium-sized managers are seeking scale to compete with "the trillionaires", who have enjoyed the lion's share of business inflows in 2018. Industry-wide margin squeeze, fierce market competition, eager buyers and...more

McDermott Will & Emery

Clarifying the Enforceability of Instructions and Preferences in LPAs

McDermott Will & Emery on

Approximately 120 cases are brought before the Court of Protection each year for it to decide on the effectiveness of provisions included within Lasting Powers of Attorney (LPAs). LPAs are extremely powerful documents that...more

McDermott Will & Emery

Resealing Foreign Grants: A Step-by-Step Primer

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The process of resealing a grant of probate or letters of administration in the English courts is often required where a deceased individual held assets in England or Wales but was living in a different country. This...more

McDermott Will & Emery

Between a Rock and a Hard Place: Trustee’s Momentous Decisions in the United States, England and Offshore

McDermott Will & Emery on

Trustees are often asked to make difficult decisions about investments, distributions and requests for information. Sometimes those decisions may be said to be “momentous” (of great import or significance) giving rise to the...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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A White House announcement about plans for steel and aluminum tariffs left the already-unsettled markets even shakier yesterday....more

A&O Shearman

UK Regulator Bans former Barclays Wealth Management Chief Operating Officer

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The Financial Conduct Authority published a Final Notice banning Mr. Andrew James Tinney from the UK financial services industry. Mr. Tinney was the Global Chief Operating Officer of Barclays Wealth and Investment Management,...more

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