Vontobel Records Outflows in Institutional Business

Vontobel has released selective figures for the first nine months and presented a strategy update. The bank sees itself on track with its cost-cutting program.
In its trading update for the period from January to the end of September, Vontobel reported a clear increase in assets under management. A significant portion of this is attributed to strong market performance.
Assets under management amounted to 227,6 billion francs at the end of September, compared to 206,8 billion francs at the end of 2023. The positive market performance since the beginning of the year contributed 16,8 billion francs, according to a statement released on Thursday.
Net new money inflows were reported at 2,6 billion francs. Currency effects added another 1,5 billion francs.
Inflows from Private Clients were «still strong» at 3,1 billion francs, the bank added. These inflows were within Vontobel’s targeted range of 4 to 6 percent.
Institutional Clients, however, recorded outflows of 0,5 billion francs. Nevertheless, these have slowed, the statement continued.
The update provided no further details on business performance.
Strategy Reaffirmed
The bank intends to maintain its strategic focus on the two complementary and diversified client segments of private and institutional clients. Organic growth is to be supplemented by selective acquisitions to expand in key markets and acquire new investment competencies.
Vontobel reaffirmed its targets for revenue growth of 4 to 6 percent over the entire cycle. The efficiency program, aimed at reducing costs by 100 million francs by 2026, is on track. The management is confident that gross cost reductions will ensure this strategic flexibility.
The bank will continue to focus on value creation for clients, emphasizing advisory services, active management, and customized solutions.

Travelling with an eVisa FAQs

The Home Office has issued new guidance for customers on travelling into or out of the UK with an eVisa.

The UK’s immigration system is going ‘digital by default’ by 2025. This means the government is replacing physical immigration documents with a digital proof of immigration status called an eVisa. It is free and straightforward to switch to an eVisa and affected individuals must take action before 31 December 2024.

Once you have set up your UK Visas and Immigration (UKVI) account and obtained your eVisa, it is important to check your details are correct and kept up to date, especially when it comes to international travel.

Below, we address some frequently asked questions about travelling with an eVisa.

What is an eVisa?

An eVisa is an online record of your immigration status and the conditions of your permission to enter or stay in the UK. You need to create a UKVI account to be able to access your eVisa.  

You can find out more about the switch to eVisas and what action you need to take in the Home Office guidance here.

How will the switch to eVisas impact international travel?

If you currently hold a physical document to evidence your immigration status in the UK, you must obtain an eVisa if you wish to travel internationally from 1 January 2025. With an eVisa, international travel will be easier, because UK Border Force and international air, sea and rail carriers will be able to automatically access your immigration information that is held on your UKVI account, to verify your permission.

You can use an eVisa to travel to the UK together with your current passport which must be linked to your UKVI account. Until the end of 2024 you should continue to carry your physical document if you have it, for example your Biometric Residence Permit (BRP), until it expires.

Before you travel internationally, it is important to check your eVisa has all the correct details. You may be delayed or denied boarding by carriers if your information is not correct. You will still need to carry your current passport with you. 

How can I check my eVisa details are correct?

If you are travelling out of the UK or travelling into the UK and you have an eVisa, you will need to check the information in your UKVI account is correct before you travel.

You can do this by:

If your status is displaying incorrectly on your eVisa, you should report the error to the Home Office here.

I have dual nationality – which passport should I add to my UKVI account?

If you have dual nationality and neither of those nationalities is British or Irish, you will need to add the passport you will use to travel to your UKVI account. If you have a passport for both nationalities, you can add both to your account.  

If you are a British or Irish citizen holding dual nationality or if you have the right of abode, you will need to show your carrier (for example, an airline, rail company or other transport provider) either:

Your British or Irish passport

Another passport containing a certificate of entitlement to the right of abode.

How can I add a different passport to my UKVI account?

If you are outside the UK and need to add a different passport to your UKVI account, you can do this using the update your UKVI account details service, as long as none of your personal details have changed.

If your personal details have changed, you will not be able to use this service to add your new passport from outside the UK. You should consider applying for a temporary visa which lets you re-enter the UK once only. Once you are inside the UK, you will be able to add your new passport to your UKVI account and update your personal details.  

Personal details include your name, nationality, date of birth and sex.

What should I do if I am unable to access my eVisa?

If you are outside the UK and you cannot access your eVisa, you can get help to recover access to your UKVI account. 

If you are unable to recover your account but have a valid physical document that shows you have permission to travel, you can show that to the carrier. 

If you are unable to recover your account and have no other evidence of your permission to travel, you should consider applying for a temporary visa which lets you re-enter the UK once only.

Is there anything else I should be aware of when travelling with an eVisa?

Travellers should be aware it is your responsibility to check the entry, exit and transit requirements of other countries you are visiting. You may be asked to show evidence of your UK immigration status to authorities in other countries. You should check what they will require before you travel, but they may accept evidence such as a share code from the view and prove service, viewing your UKVI account on a screen, or a physical document confirming your status and permissions.

You should also check that the passenger information you have provided to your transport carrier matches the details on your passport or immigration permission.

How can I access further support regarding my eVisa?

If you need help with creating your UKVI account and getting access to your eVisa, you can contact the Home Office.

Alternatively, our team of immigration experts here at Smith Stone Walters is on hand to guide you through the process.

To speak to an immigration advisor, please contact us today.

Bulgaria Among Leading Destinations in Southeast Europe for Starting Business, Says Economy Minister

Bulgaria is already among the leading destinations in Southeast Europe for starting business, said caretaker Minister of Economy and Industry Petko Nikolov, who opened an international conference on Thursday concerning key challenges faced by start-up companies at different stages of their life cycle and the involvement of venture capital funds in this process. He added that Bulgaria has a well-developed support ecosystem promoting entrepreneurship, start-ups and growing businesses, which includes research centres, laboratories, business incubators, accelerators and venture capital funds. The event, which is being held at the Hilton Hotel in Sofia under the title The life cycle of start-ups: challenges, is organized by BOYANOV & Co. in cooperation with the European Investment Bank (EIB).
Nikolov drew attention to the government’s work to improve the conditions for doing business and developing start-ups in the country. He mentioned the legislative regulation of variable capital companies as one of the forms for start-up businesses with advantages for private equity investors. The Minister also raised the startup visa as a measure to attract entrepreneurs from third countries to establish enterprises using high technologies and developing research and development. He noted Bulgaria’s accession to the declaration on the introduction of the European Union (EU) standard of excellence and the nations of start-ups.
On the other hand, the strategic documents in the programmes that are being implemented – the Competitiveness and Innovation Programme, the Recovery and Resilience Plan, prioritise measures to improve access to finance, diversify the sources and instruments of financing, promote the use of alternative sources of financing, and overcome the shortage of qualified personnel, which is a serious problem not only in Bulgaria, Minister Nikolov said.
/MT/

Actress’s luck shines with a film made in a low budget, earning 5 times more than the cost – Hindustan News Hub

Image Source : INSTAGRAM Actress’s luck shines with a film made in low budget
The audience will get to see a lot of content of suspense-thriller movies on OTT, but today we are going to tell you about a film which will leave your mind baffled after watching it. In the year 2018, a tremendous supernatural suspense thriller film was released, whose story blew people’s senses. After the climax of the film, very painful and mysterious events happen which shock everyone. Till the end of this South film, we will not be able to know who is killing those who take a wrong U turn by removing the block on the middle of the road.

U turn became the cause of death
By now you must have understood which film we are talking about. The name of the 2018 supernatural suspense thriller film made with a budget of Rs 2.5 crore is ‘U Turn’, whose remake was also made with the same name in 2013. Many great stars like Samantha Ruth Prabhu, Aadhi Pinisetty, Bhumika Chawla and Rahul Ravindran have worked in the film ‘U Turn’. Its entire story revolves around Samantha Ruth (Rachna) who works in a media company. It is shown in this film that if someone takes a U-turn by removing a block on the road or takes a shortcut and does not keep that block in its right place, then he dies mysteriously within 24 hours.
South’s explosive suspense-thriller film
Gradually the story progresses and then one after the other many people die, who took a shortcut on the road and took a U-turn and put the lives of others at risk. A little bit of horror has also been seen in the film. A surprising turn comes when the character who commits murder in the film turns out to be someone whom no one would have even thought about. Yes, now who was the murderer? To know this you will have to watch the entire film. This film has earned more than Rs 14 crore worldwide. ‘U Turn’ has got a rating of 6.9 out of 10 on IMDb. It has been directed by Pawan Kumar. If you are planning to watch it then you can enjoy it on Amazon Prime Video.
Latest Bollywood News

Tourists left in ‘sheer terror’ over water slide that has terrifying ’90-degree drop’

Water slide thrill-seekers are quaking in their swimsuits over a terrifying waterpark chute in Greece that promises ‘sheer terror’ due to its extreme drop. The jaw-dropping attraction, reportedly situated in Rhodes, boasts almost a 90-degree plummet which is certainly not for the faint of heart. An Instagram clip from @uniladadventure showcasing the severe slide has…

Meet actress who has allegedly dated 3 superstars, is still single at 43, first Indian actress to give Rs 500 crore film, her net worth is Rs…

Home Entertainment Meet actress who has allegedly dated 3 superstars, is still single at 43, first Indian actress to give Rs 500 crore film, her net worth is Rs… She is India’s first female actress to enter Rs 500 crore club and has established herself as a bankable star over the years. Published: November 7,…