- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

Growth drives major infrastructure and housing planning reform proposals

The government intends to take forward the proposals outlined in its paper as part of the Planning and Infrastructure Bill

EU considers measures against discrimination practice in China’s public procurement market

The announcement comes as a result of a nine-month investigation into China’s procurement market for medical devices.

US Apple mass claim comes as EU moves to tighten PFAS rules

This has spurred concern about the potential for impact on people and the natural world and is, in turn, prompting policy, regulatory, and legal action and expensive remediation.

Power to increase or reduce protective awards in 'fire and rehire' cases

That said, the Code falls well short of the more drastic proposed changes in the Employment Rights Bill.

New statutory rates and limits

The weekly rate of statutory sick pay (SSP) will be £118.75 (up from £116.75).

New Home Office guidance on employer cost recovery from sponsored workers

Employers should ensure that any new clawback agreements entered into are drafted to be compliant with the new guidance.

Are you ready for the new offence of failure to prevent fraud?

The offence applies only to large organisations

ESMA Publishes Q&A on its Guidelines on Funds’ Names Using ESG or Sustainability-related Terms

The purpose of the Guidelines is to ensure that investors are protected

PIPA access requests in Bermuda – what you need to know

PIPA requires individuals to set out in sufficient detail the identity of the information in respect to which a request is made.

Legal Bulletin: New UK Tax Rules for Carried Interest

The new income tax regime for carried interest will apply broadly to all carried interest received by fund managers from 6 April 2026.

UK pension fund clearing exemption ‘good news’ for pension schemes and banks

The call for evidence sought input from industry stakeholders to inform the government’s long-term approach to this exemption.

Personal liability for 'playing fast and loose' with the rules for wrongful trading in Jersey

The Court agreed with the Viscount’s department that individuals “should not be able to play fast and loose with the rules

European funds regulatory burden risks consumer harms, says expert

According to Ignites Europe, research from Fitz Partners has found that firms have, on average, cut the number of independent directors sitting on fund boards by 11% in the past year, on cost grounds.

Judicial review reform ‘one step’ to enabling UK infrastructure development

Judicial review is a form of legal challenge that essentially means a court will audit the legality of decision-making by a public body in the UK.

A Nine Month Gestation – New Guidance published in anticipation of the latest addition to corporate failure to prevent offences

Fast forward to 2025 and organisations now have several of these offences to keep their senior executives up at night.

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