The Financial Conduct Authority has fined hedge fund chief investment officer Corrado Abbattista £100,000 for market abuse and banned him indefinitely from performing any regulated activity functions.
The Investment Association, the fund managers’ trade body, has urged the Government to include online investment scams in its new Online Harms Bill.
Fund manager Baillie Gifford has launched a UK OEIC Health Innovation Fund which will invest in companies working on pioneering therapies, diagnostics and digital technology.
Transact is to cut some of its charges in April with annual commission charges and buy commission charges both reduced.
Wealth manager St James's Place has appointed Paul Manduca, currently chairman of Prudential, to become its new chairman when incumbent Iain Cornish steps down in 2021 after two years in the role.
Aviva has appointed Canada Life CEO Doug Brown as its new CEO for UK & Ireland Life Insurance.
CPI inflation showed a sharp drop last month from 0.7% in October to 0.3% in November as Black Friday price cuts and shop sales nudged prices down.
Fast-growing Chartered Financial Planner Fairstone has acquired South Wales-based UskVale Financial Planning for an undisclosed sum.
Tilney Smith & Williamson is following rivals by removing VAT from its Managed Portfolio Service propositions.
Fintech Moneyinfo has launched a smartphone app which gives advisers access to Moneyinfo back office tools and allows them to communicate with clients via their smartphones.
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